knussoshd3440 knussoshd3440

03-01-2020
Business

contestada

When firms have the power to restrict output, raise prices, stifle competition, and inhibit innovation the market failure involved is ___________.Select one: a. Market power b. Public goods c. Inequities d. Externalities

Respuesta :

Karabo99 Karabo99

04-01-2020

Answer:

a. Market power

Explanation:

Market power is defined as the firm's ability to restrict output and charge higher prices than in perfect competition.

Answer Link

Otras preguntas

What would be the mean if the value 3 was added to the following set? 14, 14, 17, 19, 25 17.8 20.8 18.4 15.3

which fraction is closer to 1 than 0

how do you say goodbye in Chinese

How do you express 4 feet 9 inches into height in feet only using a mixed number?

If you need only 1 cup of milk, what is your best choice at the grocery store a quart container, a pint container, or a 1/2 gallon container?

TICKETS: All you can ride: $25 7 tickets for $5 a. Write an equation in slope intercept form for the total cost of any number of tickets at 7 tickets for $5. b.

The Triple Alliance was a loose agreement of cooperation among? a)Serbia, Germany, and Britian b) Italy, Serbia, and France c) Germany, Italy, and Russia d) Ger

Which renewable resources could become a non renewable resource if used faster than earths ability to replenish its supply?

Which renewable resources could become a non renewable resource if used faster than earths ability to replenish its supply?

if Justin is 2 years older than ethan and in 9 years the sum of their ages will be 38 how old are they now? Can someone please help me with this question