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- 22: What are some of the Factors Leading to Globalization? 23: What are the Characteristics of a Purely Competitive Market? 24: What are the Characteristics of a Monopolistic Competition Market?riants/950245/take/20/ MULTIPLE CHOICE Question 19 Many countries around the world have started making the move from a command economy to a free market economy in recent years. One of the biggest challenges for these countries is the transition from state-owned enterprises to those owned by individuals or organiza- tions other than the state. What is this transition called? A B C D sole proprietorship business structure public enterprise privatization ó ó ó o ó ó ó ó o o ó ó ó ó ó ŏ čŏ ● ¤ 9 Sanges Saved of 21 Total Questions Answered < ☆ ContinueQUESTION 8 Which one of the following statements on nationalisation and privatization is correct? Nationalisation is the transfer of ownership from public sector to the private sector. Privatisation is the transfer of ownership from private enterprise to government. One of the arguments in favour of privatisation is that the privatised firm may attract foreign direct investment. O Commercialization is the same as privatisation
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- Sg3 Economics An industry produces its product, Scruffs, at a constant marginal cost of $50. The market demand for Scruffs is equal to Q=75,000−500PQ What is the value to a monopolist who is able to develop a patented process for producing Scruffs at a cost of only $45? $_____________ If the industry producing Scruffs is purely competitive, what is the maximum benefit that an inventor of a process that will reduce the cost of producing Scruffs by $5 per unit can expect to receive by licensing her invention to the firms in the industry? $________________Question 1: _____ help to organize a field of study, identify key concepts, understand patterns and trends, and clarify research assumptions. A Ideas B Philosophies C Theories Question 2: What are the key theoretical traditions? Select all that apply; A Theoretical/Classical B Applied C Modern D Critical E Abstract Question 3: In most developed countries, media markets are dominated by which two types of market structures? A Perfect competition B Monopolistic competition C Oligopoly D Monopoly Question 4: According to Albarran, the whole notion of defining a market structure has become _____ complicated owing to _____ consolidation across the media industries and technological convergence throughout the media economy. A Increasingly, Slow B Increasingly, Rapid C Decreasingly, Slow D Decreasingly, Rapid Question 5: We must draw on an existing body of knowledge in order to develop new theoretical approaches to studying the many complexities of the new media…What determines whether corporations individual proprietorships employee on firms consumer cooperative or some other form of business structure will dominate in the market?
