menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Microeconomics Study Set 31
  4. Exam
    Exam 16: Real-World Competition and Technology
  5. Question
    Describe Two Market Mechanisms That May Serve to Enhance Efficiency
Solved

Describe Two Market Mechanisms That May Serve to Enhance Efficiency

Question 5

Question 5

Essay

Describe two market mechanisms that may serve to enhance efficiency and limit the lazy monopolist problem. Can efficiency be achieved by incentives other than profit?

Correct Answer:

verifed

Verified

One such mechanism is competitive pressu...

View Answer

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q1: Economists describe competition as a market structure,

Q2: Explain why X-inefficiencies are often associated with

Q3: Demonstrate graphically and explain verbally why there

Q4: Demonstrate graphically and explain verbally what is

Q6: If one were to observe the short-run

Q7: Economists often describe competition as a market

Q8: What is the monitoring problem as it

Q9: A sizeable proportion of corporate takeovers are

Q10: Having just graduated from college, you accept

Q11: Explain how owners can try to deal

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines