Business, 13.08.2020 19:01 tiaholmes31

Inefficient output and price, few choices for consumers, and rent seeking are all problems associated with

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Answer from: earcake8692

c. Monopolies.

Explanation:

Because Monopolies have no competition, the main incentive to be efficient is missing. This leads to a situation where Monopolies are not as efficient as they are to be in production as well as price because they will charge a price that does not match the optimal quantity associated with that price.

With no or few competition in the market, consumers will not have a lot of choices on entities to source the good from and there is a problem of Rent seeking with Monopolies as well. Rent seeking for monopolies occurs when they charge people above the price they are to charge if they were in a competitive market. They are therefore making more money than they should at the expense of customers.

Answer from: Quest

i would go with get a bachelor’s degree

hope i

-lavira : )

Answer from: Quest

My first question is what benefits do you expect to achieve from career exploration? the benefits that i expect to achieve from career exploration. for me i think the benefits of exploring many different careers are that you get exposed to more, so it's easier for you to pick which one you like best. another benefit is that you get a more first hand view of what jobs are more likely to be needed in the future and that can be factored into your consideration. my second question is what do you expect to be the most challenging parts of your career planning process? why? the most challenging parts of my career planning process is trying to get things in order and trying to write this paragraph it is confusing and, hard work. and last but not least my third question is i think the most challenging part is taking the first step and really deciding on a career you want to pursue; there are so many options and it can be hard to choose.which jobs will allow me to make a living? ; what skills does emergency medical technician emergency medical services medical » physiology require?

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Inefficient output and price, few choices for consumers, and rent seeking are all problems associate...

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