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What makes a monopoly efficient?

What makes a monopoly efficient?

What makes a monopoly efficient?

Firms benefit from monopoly power because: They can charge higher prices and make more profit than in a competitive market. The can benefit from economies of scale – by increasing size they can experience lower average costs – important for industries with high fixed costs and scope for specialisation.

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  • 2024-01-18 23:18:16
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What are 3 threats to a monopoly?
The disadvantages of monopolies include price-fixing, low-quality products, lack of incentive for innovation, and cost-push inflation.
2024-02-20 08:48:02


Can a monopoly break even?
In the long-run, the demand curve of a firm in a monopolistic competitive market will shift so that it is tangent to the firm's average total cost curve. As a result, this will make it impossible for the firm to make economic profit; it will only be able to break even.
2023-11-09 06:43:17


What makes a pool table fast?
The balls, the rails, the cloth, ambient temperature, humidity, as well as the cleanliness of the balls affect the table's speed or the way in which the balls roll today. At times one player will say the table plays fast today another player may disagree.
2023-04-21 21:36:51


What makes a pokemon card shiny?
Uncommon cards have a black diamond. Rare cards have a black star. Rare Holo cards have a black star and a “shiny” (foil) illustration. In many English sets, for every rare holo card there is another card at a lower rarity that is identical in terms of gameplay, but has a different collector card number.
2023-02-06 03:05:44

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