Major, Inc has 68% of the market share in a particular geographic region for one of its products. Does Major have a monopoly? Explain
Monopoly power is the ability to control prices or to exclude competitors from the marketplace. No exact percentage of market share has been established as being the controlling standard for the existence of a monopoly. In general, market share of less than 50% is not considered to be a monopoly. On the other hand, markets share greater than 75% generally indicates monopoly power. A share between 50 and 75% is inconclusive. Absent some additional information, Major probably does not have a monopoly, although students may be able to make some good arguments that it does in fact have a monopoly here.
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Aggregate supply tells us
A. the amount of goods and services being purchased in an economy. B. the amount of goods and services being produced in an economy. C. the total amount of physical capital in an economy. D. the total amount of investments in an economy.
Which of the following was an outcome of the announcement made by the U.S. government in October 2001 that it will stop selling 30-year bonds?
A. There was a sharp fall in the price of the securities and an increase in the yield to maturity. B. There was a sharp rise in the price of the securities and a decline in the yield to maturity. C. There was a sharp rise in the price of the securities and an increase in the yield to maturity. D. There was a sharp fall in the price of the securities and a decline in the yield to maturity.
_________ is mentally classifying a person into an affinity group and then identifying the person as having the same assumed characteristics as the group.
A. Stereotyping B. Proximity C. Contrast D. Attribution E. Recency
List the improvisation guidelines.
What will be an ideal response?