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Economics
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What are barriers to entry?

A barrier to entry is an obstacle that prevents a new entrant from joining a market. They exist within both oligopolistic and monopolistic market structures. Barriers to entry matter b...

Answered by Kathryn C. Economics tutor
18899 Views

Analyse and Evaluate the effects of an reduction in government spending on the economy.

 

Government spending is a component of Aggeregate Demand along with Consumption, Investment and Net exports. A reduction in Aggeregate Demand causes firms to produce less output in order...

Answered by Harry D. Economics tutor
20169 Views

microeconomics

Water is produced and sold by the government. Demand for water is represented by the linear function Q=50-2P. The total cost function for water production is also a linear function: TC(Q) = 100 + 10Q. ...

Answered by Nazanin S. Economics tutor
9185 Views

Explain why monopolies may be an undesirable form of market structure

In theory, a monopoly is a situation in which the ‘industry is the firm’ however in reality in the UK we consider anything which controls 25% or more of the market to have monopoly pow...

Answered by Jessica F. Economics tutor
43087 Views

Why have inequalities increased in recent years?

Income can be defined as a flow of factor incomes, such as earnings, dividends and rent.  Alternatively, wealth is a stock of financial and real assets including savin...

Answered by Jessica F. Economics tutor
2961 Views

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