Social Studies College

4. The monopoly is one of the basic types of market structures. What are its defining
characteristics? Why would a seller want to create a monopoly, and why are
monopolies generally considered harmful to an economy? (4 points)
I

Answers

Answer 1

The reason why monopoly is harmful is that it includes disadvantages such as price-fixing, low-quality products, lack of incentive for innovation, and cost-push inflation.

What is the meaning of Monopoly?

A monopoly is defined as the dominance of an industry or sector by one company, to the point of excluding all other valid competitors.

A seller is interested to create a monopoly in the market because they can have a dominant position and enjoy the powers of the monopoly. This results in power remaining in the hand of the dominant marketer.

Therefore, this is the reason monopoly is harmful to an economy.

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Related Questions

each statement, determine if it is a characteristic of a lease or a purchas
Mileage is limited.
Buying a vehicle
There are no mileage restrictions.
Payments are smaller.
The car is returned after the contract.
You can sell the car at any time.
Payments are generally higher.
Leasing a vehicle

Answers

Payment are generally higher in lease purchase

What is lease purchase?

Lease purchase allows individual to pay in bit until the full payment of an item is made.

After the payment the individual is entitled to carry or take the property.

It is done based on agreement between the seller and the individual who wants to purchase. The individual pays more because of the time of payment.

Therefore, Payment are generally higher in lease purchase

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ways in which community Can help in Shaping one's personalities​

Answers

Answer: The community has a big influence in shaping one's community because you are a person living in that said community. The culture, trends, practices, and such will affect your habits, decisions, and choices because the community is a big impact on your life.

When considering local issues, which point of view is best?
Both human needs and environmental protection should be considered.
Human needs must always come before environmental protection.
Either human needs or environmental protection should be considered, depending upon the situation.
Environmental protection must always come before human needs.

Answers

Answer: #1 Both human needs and environmental needs should be considered

Which of the following will cause you to use more data than usual on your smart phone plan each month

Answers

The answer choice that would lead to increased data usage would be to a. make a large number of outbound calls

What is a Phone Call?

This refers to the medium of communication where a person links up with another person in a different location through the aid of GSM or the Global System of Mobile Telecommunications.

Hence, we can see that from the complete question, there are answer choices and the best fit is option A, even though the others lead to high costs, but outbound calls, have a higher cost.

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Discuss relevance of analyzing social social problem Social work field.​

Answers

Answer:

A social problem is an issue within the society that makes it difficult for people to achieve their full potential. Poverty, unemployment, unequal opportunity, racism, and malnutrition are examples of social problems. So are substandard housing, employment discrimination, and child abuse and neglect.

What is foreign employment?​

Answers

Being employed in a different country than that of a persons origin

Define the key issues of prejudice and discrimination and explain how they impact on people with mental health needs.

Answers

Prejudice is when someone has a negatively biased outlook towards a certain group of people, and a negative attitude towards them.
Discrimination is when those feelings are acted upon.
These issues may impact someone with a mental health condition by making their symptoms worse, making them become discouraged or lose hope, and by creating a negative environment in which they cannot be accepted, cope, or heal.
Also, it may affect those born with permanent mental health needs by creating a toxic environment in which they cannot comprehend why they are being treated the way they are, causing them to either shun themselves from society, or lash out towards it.

Which of the following best explains why the game of economics does not
have a single goal?

Answers

Answer:

because everyone has a different goal when it comes to economics and it is a political issue

Explanation:

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