Question

Q:What potential monopolistic situations do you see existing today and how does that situation impair competition?...

Q:What potential monopolistic situations do you see existing today and how does that situation impair competition?

Q: What industries do you think (if any) would be engaging in price fixing activity today?
Business   Economics   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1

Q1

Ans. 1. One of the major monopolistic situation is the formation of cartel in the economy,

Like OPEC(oil & petroleum exporting countries) it is the cartel that is regulating the price of oil and petroluem all over the world and beacuse of which the small suppliers of oil and petroleum do not get the fair prices for their outputs.

2. Indian railways is also a example of monopoly as it is the only service that provide connectivity all over india and it hinders the growth of domestic airline industry

Q2

Ans Industriy of petroleum, industry of transportation would be engaging in price fixing according to my opinion

0 0
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
Monopolistic competition. How do you think firms in these markets will be able to react to...
Monopolistic competition. How do you think firms in these markets will be able to react to changes in the market based on identical products? ( Coca Cola & Pepsi are similarly priced on the shelves). 100 words
How often do the Following situations occur in children in a divorce situation? Why do you...
How often do the Following situations occur in children in a divorce situation? Why do you think these situations occur? What would make it better? Children in the Middle • Carrying messages • “Put downs” of the other parent • Involvement in money problems • Using child as a spy
“Perfect Competition is a pure myth.”" What do you mean by we will see from the...
“Perfect Competition is a pure myth.”" What do you mean by we will see from the close? What types of firms or industries would come closest to fitting into perfect competition?
Think of one thing you have to do today. Describe how it does or does not...
Think of one thing you have to do today. Describe how it does or does not meet all five parts of the definition of an activity?
Discuss the idea that “Monopolies are bad for social welfare, compared to perfect competition”. Do you...
Discuss the idea that “Monopolies are bad for social welfare, compared to perfect competition”. Do you agree or disagree? Why? Are there times when your answer would be different? Given that for an industry to be perfectly competitive, the product must be identical across all providers, are they bad for private welfare? As you consider the perfectly competitive market structure versus monopolistic competition and oligopoly, would you rather have efficiency or variety? That is, one opportunity cost of the variety...
An experiment is done to compare the effects of three situations: Situation 1 is tested in...
An experiment is done to compare the effects of three situations: Situation 1 is tested in a “no-stress,” baseline situation; Situation 2 does a mental arithmetic task; and Situation 3 participants do a mock job interview. At the end of each session, the participants self-report their anxiety on a scale that ranges from 0=no anxiety to 20=extremely high anxiety. The researcher wants to know whether, overall, anxiety levels differed across these three different situations. Each of the 21 participants was...
what do you see as potential barriers to effective strategic planning in the healthcare environment? How...
what do you see as potential barriers to effective strategic planning in the healthcare environment? How does this differ from the general business world?
In refrence to accounting fraud What do you see as the potential challenges to the indirect...
In refrence to accounting fraud What do you see as the potential challenges to the indirect method of tracing illicit transactions? Do you think this method is just as reliable as the direct method?
Imagine you are in a social situation and someone asks you, What does a nurse do?"...
Imagine you are in a social situation and someone asks you, What does a nurse do?" Think about how you will capture and convey the richness that is nursing science in your answer
Briefly state the basic characteristics of pure competition, pure monopoly, monopolistic competition, and oligopoly. Under which...
Briefly state the basic characteristics of pure competition, pure monopoly, monopolistic competition, and oligopoly. Under which of these market classifications does each of the following most accurately fit? (a) a supermarket in your hometown; (b) the steel industry; (c) a Kansas wheat farm; (d) the commercial bank in which you or your family has an account; (e) the automobile industry. In each case justify your classification. “Even if a firm is losing money, it may be better to stay in...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT