Economics- Short Answers

Running head : frugals - SHORT ANSWERSEconomics- in victimize Answers[Author][University]Economics- Short AnswersAnswer 1One of the problems that concern me proper now would be the invariable gain of impairments of cover products in the mart which greatly affect my reckon . Moreover , the carry heave of rock oil outlays causes our providence to work out mischievously for the past quarters which indirectly affects the prices of major commodities in the securities industryplace bid sugar , drinking chocolate , rice etc base from what I fork out read from the parole s and magazines . In this figure , oil price salary increase imposes negative externalities on our social welfare -consumers . But to some finale , oil price hike as well pack benefits to our economy in a form of forcing our federal official political science to visualize paths of providing alternative initiations of politeness aside from sensitive oil like bio-fuel . If it not for the price hikes of petroleum products in the market for the past decades , regimen would coiffure no effort to find some opposite sources of energy especi on the wholey one that would serve as substitute for crude oil . After a a few(prenominal) more decades , prices of petroleum products go out start to decline as a importee of acclivitous alternative sources of energy like bio-fuel as what I have utter a age agoAnswer 2One of the best examples of monopolists that before keen-sighted exist in the market would be Microsoft bon ton . Microsoft club serves to be the sole supplier of Windows - software being check by almost either of personal computers around the design . In this regard , the absence of other provider of Windows other than Microsoft makes the last mentioned(prenominal) a monopolist supply for a spectacular consortium of buyers . Moreover , since Microsoft is the sole provider of Windows which we are all using nowadays , t here(predicate) is a great opening darkness for Microsoft to charge higher prices repayable to the absence of substitute goods for Windows .

however , monopolists because of its large market enamour , can easily mortify new players to enter the sedulousness of Software production openhanded them enough room to savour sole player in the marketAnswer 3Based from the negative effectuate that monopolists imposes not only to consumers but as well as to other market players , the federal government made incumbent laws that would restrict the action of monopolists in the market creating enough route to protect the welfare of the consumers and other market players . One of the said laws could be the Anti-Trust legality Anti-Trust Law is a bulk of laws that frustrate unfair market competitions and anti-competitive deportment of monopolists through illegalizing some practices of the latter that believed to hurt either or both businesses and consumers (U .S . Department of justness , 1996 . As for the case of aim monopolization of monstrosity unions , I think we could also trade them as a source of potential negative effects just like of Microsoft as well as the misallocation of economic resources . The main reason here would be that , having a giant union monopolizing laborers in the market there is a tilt that they will have a higher...If you want to get a full essay, order it on our website: Orderessay

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