Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Business Economics Expert

Please help me with this question as soon as possible, please.

Two of the benefits that consumers realize resulting from increased competition are lower prices and improved product quality. Identify a product that has (a) fallen sharply in price, or (b) significantly gotten better without price increases.

Were these desirable product qualities the direct result of increased competition? If no, how did such changes occur? Was the product produced in an industry closely akin to the purely competitive market structure? Incorporate one non-lecture or textbook resource as evidence to support your position.

Please include where you got information.

Business Economics, Economics

  • Category:- Business Economics
  • Reference No.:- M92406746
  • Price:- $20

Priced at Now at $20, Verified Solution

Have any Question?


Related Questions in Business Economics

Suppose mpc is 07 government spending increases by 10

Suppose MPC is 0.7. Government spending increases by $10 billion, and taxes decrease by $5 billion. How would the following items change, and by how much? Disposable income Private saving Public( Government) saving Equil ...

1 lisa and david have been married for two years they have

1. Lisa and David have been married for two years. They have just decided that summer of 2020 should be spent in Switzerland. They figured out that in order to meet the cost of the entire vacation they would only have to ...

What is bitcoin and why does it have value is bitcoin money

What is Bitcoin and why does it have value? Is Bitcoin money? Explain why it does or does not satisfy the three conditions it must meet to be considered money.

A survey of car rentals agencies shows that the average

A survey of car rentals agencies shows that the average cost of a car rental is 0,35 per mile. The standard deviation is .05. Using Chebyshevs theorem, find the price range for which at least 93.75 % of the data values w ...

In your opinion if the government imposes unit sales tax ie

In your opinion, if the government imposes unit sales tax (i.e. $ tax per unit sold) on a product, will the market equilibrium change? Which one, demand or supply will shift? Increase or decrease? Will new tax cause "dis ...

If 1000 police officers are chosen at random and 720 have

If 1,000 police officers are chosen at random and 720 have graduated from a police academy. What interval can we be 95% sure contains the overall proportion of police officers who have graduated from a police academy?

The average or par score for an 18 hole golf course is

The average, or "par" score for an 18 hole golf course is 72. The score is computed by counting the number of swings, or "strokes" a player must make with their club to hit the ball into each of the 18 holes on the golf ...

Discuss three specific advantages and disadvantages

Discuss three specific advantages and disadvantages regarding the division of labor?

Draw supply and demand curve to illustrate the following

Draw supply and demand curve to illustrate the following sequences of events. Show changes in one graph. Assume upward sloping for supply curves and downward sloping for demand curves 1. In year 1, the rental apartment m ...

A how can use the criteria for evaluating alternative

a) How can use the criteria for evaluating alternative methods of government finance to assess the most important revenue proposals of the 2018/19 budget. b) In the case tax is most important revenue proposals of the 201 ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As