Explain why market power leads to deadweight loss. firms with market power create deadweight loss because they a. charge a price that is greater than marginal cost to maximize profits. b. produce where marginal revenue is greater than marginal cost to maximize profits. c. produce more than a perfectly competitive industry would to maximize profits. d. charge a price that is less than marginal cost to maximize profits. e. charge a price that is equal to marginal cost to maximize economic surplus. the total deadweight loss from market power for the economy is small large .

Precision dyes is analyzing two machines to determine which one it should purchase. the company requires a rate of return of 15 percent and uses straight-line depreciation to a zero book value over the life of its equipment. ignore bonus depreciation. machine a has a cost of $462,000, annual aftertax cash outflows of $46,200, and a four-year life. machine b costs $898,000, has annual aftertax cash outflows of $16,500, and has a seven-year life. whichever machine is purchased will be replaced at the end of its useful life. which machine should the company purchase and how much less is that machine's eac as compared to the other machine's

Match the steps for conducting an informational interview with the tasks in each step.

Which change is illustrated by the shift taking place on this graph? a decrease in supply an increase in supply o an increase in demand o a decrease in demand