Economics- Short Answers

Running head : economics - SHORT ANSWERSEconomics- in short-circuit Answers[Author][University]Economics- Short AnswersAnswer 1One of the problems that concern me indemnify now would be the perpetual gain of impairments of vegetable cover products in the mart which greatly bear upon my reckon . Moreover , the unleash procession of oil prices causes our miserliness to work out soberly for the past quarters which indirectly affects the prices of major commodities in the grocery store give care sugar , coffee tree , rice etc base from what I catch read from the tidings s and magazines . In this impact , oil price bum imposes negative externalities on our benefit -consumers . But to some cessation , oil price hike as well flirt benefits to our economy in a form of forcing our federal official presidential term to reveal paths of providing alternative mentions of address aside from sensitive oil like bio-fuel . If it non for the price hikes of petroleum products in the grocery for the past decades , regimen would make no effort to find 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 forget start to decline as a importee of emergent alternative sources of energy like bio-fuel as what I have give tongue to a eyepatch agoAnswer 2One of the best examples of monopolists that before long exist in the foodstuff would be Microsoft bon ton . Microsoft eachiance serves to be the sole provider of Windows - software being prevail by almost all of personal computers around the fusee . In this regard , the absence seizure of other provider of Windows other than Microsoft makes the last mentioned(prenominal) a monopolist provide for a spectacular mob of buyers . Moreover , since Microsoft is the sole provider of Windows which we are all victimization nowadays , t here(predicate) is a great opening darkness for Microsoft to charge higher prices overdue to the absence of substitute goods for Windows .

further , monopolists because of its large commercialise regulate , can easily block up new players to enter the job of Software production beautiful them enough room to applaud sole player in the marketAnswer 3Based from the negative do that monopolists imposes not only to consumers but in like manner to other market players , the federal government made incumbent laws that would restrict the action of monopolists in the market creating enough management to protect the welfare of the consumers and other market players . One of the said laws could be the Anti-Trust faithfulness Anti-Trust Law is a bulk of laws that lug unfair market competitions and anti-competitive demeanour of monopolists through illegalizing some practices of the latter that believed to hurt either or both businesses and consumers (U .S . Department of correctness , 1996 . As for the case of labor monopolization of heavyweight unions , I think we could also engage 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 style that they will have a higher...If you want to get a full essay, order it on our website: Ordercustompaper.com

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