Market efficiency Watch

Super199
Badges: 18
Rep:
?
#1
Report Thread starter 4 years ago
#1
Right I need some help with the following.

Select a market which you think is competitive and works efficiently. Explain why you believe this to be the case using supply and demand. Have to do this and then do one that doesn't work efficiently using the same ideas.

I'm really stuck, can someone help me pleaseeee
0
reply
Mav455
Badges: 16
Rep:
?
#2
Report 4 years ago
#2
(Original post by Super199)
Right I need some help with the following.

Select a market which you think is competitive and works efficiently. Explain why you believe this to be the case using supply and demand. Have to do this and then do one that doesn't work efficiently using the same ideas.

I'm really stuck, can someone help me pleaseeee
Try Tutor2u, its great for Economics and hopefully the notes on efficiency

I think its asking you to evaluate e.g. a market with perfect competition (many sellers, with no influence over price, plenty of substitutes) and say monopoly (a firm dominates the market, is the main supplier thus no substitutes for the product)

Notes on efficiency:
http://www.tutor2u.net/economics/rev...fficiency.html

Monopoly and efficiency:
http://www.tutor2u.net/economics/rev...fficiency.html
http://www.tutor2u.net/economics/rev...-monopoly.html

0
reply
X

Quick Reply

Attached files
Write a reply...
Reply
new posts
Latest
My Feed

See more of what you like on
The Student Room

You can personalise what you see on TSR. Tell us a little about yourself to get started.

Personalise

University open days

  • Cardiff Metropolitan University
    Undergraduate Open Day - Llandaff Campus Undergraduate
    Sat, 27 Apr '19
  • University of East Anglia
    Could you inspire the next generation? Find out more about becoming a Primary teacher with UEA… Postgraduate
    Sat, 27 Apr '19
  • Anglia Ruskin University
    Health, Education, Medicine and Social Care; Arts, Humanities and Social Sciences; Business and Law; Science and Engineering Undergraduate
    Sat, 27 Apr '19

Have you registered to vote?

Yes! (558)
37.83%
No - but I will (115)
7.8%
No - I don't want to (103)
6.98%
No - I can't vote (<18, not in UK, etc) (699)
47.39%

Watched Threads

View All
Latest
My Feed

See more of what you like on
The Student Room

You can personalise what you see on TSR. Tell us a little about yourself to get started.

Personalise