#866591

#866591: Monopoly describes the position in which … seller produces for the entire industry or market.

Monopoly describes the position in which … seller produces for the entire industry or market.
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Тематика: Административные регламенты государственных и муниципальных органов Антимонопольное регулирование Правовое регулирование оценочной деятельности
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Where … occurs, the market «fails» because competition is deficient. A firm will earn a windfall profit (sometimes called an «economic rent» or excess profit) where it finds a source of supply significantly … than that available in the marketplace. The reason for regulating externalities (or «spillovers») is that the price of a product does reflect the true cost to society of producing that good, and excessive consumption accordingly results. Competitive markets can only function properly if consumers are not well informed to evaluate competing products. In some circumstances, the market may not provide the socially desired levels of continuity and availability of service.