Why is the advent of monopoly likely to shift cost curves?
The advent of a monopoly may shift the average and marginal cost curves. One reason for higher costs is advertising. Another reason is the sheer size of the monopolist's organization, which may lead to bureaucratic inefficiencies, coordination problems, and the like. At the same time, a monopolist may be able to eliminate certain types of duplication that are unavoidable for a number of small, independent firms. In addition, the large scale of the monopoly firm's input purchases may permit it to take advantage of quantity discounts by its input suppliers that are not available to small competitive firms.
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The concept of progressive, proportional, and regressive taxation is positive in nature
a. True b. False
Programs to equalize household income would most help ______.
a. low-income single people b. low-income large families c. high-income married couples d. high-income large families
The structural deficit is defined as
A. that part of the deficit that is so hard to remove that it is never reduced. B. the portion of the budget deficit that occurs because the economy is not at full employment. C. the hypothetical deficit the economy would have under current fiscal policies if the economy were operating near full employment. D. the actual budget deficit that exists in the economy.
Indiana's health care plan for state employees:
A. has reduced total spending on health care, but at the cost of employees forgoing important preventative care procedures. B. has reduced total spending on health care without people forgoing important preventative care procedures. C. has increased total spending on health care, but with the benefit of increasing the overall health of state workers who now take greater advantage of preventative care procedures. D. has reduced health care spending for those who participate in the plan, but only a small (less than 10 percent) percentage of state employees actually use the system.