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Define what market failure is and identify an example of market failure, explaining fully why it is a relevant example.

Market failure is defined as a misallocation of resources, and essentially entails that market forces are not operating effectively through the price mechanism to distribute goods and services from suppli...

EE
Answered by Edward E. Economics tutor
1629 Views

[Edexcel Economics A 2015] With reference to the information provided, examine two pricing strategies an oligopolist like Sony may use to maximise profits (8).

As an oligopoly is when a group of firms have the majority of the market share, they gain price-setting power. One policy they can use is limit-pricing. In lowering the price of their goods, oligopolies a...

CK
Answered by Conrad K. Economics tutor
1528 Views

Find X log(x)=4 Base 10

Log base 10log(x)=4 ~ 104 =xx=10000

Answered by Maths tutor
3459 Views

How do I write a successful essay?

This is a big question with lots of important parts. Put simply though, writing an essay is all about argument and answering your question. You must make sure a very clear argument runs t...

LO
Answered by Luca O. History tutor
1855 Views

What is a strength of the Multi Store Model of Memory?

Well the main thing to remember when evaluating the MSM is that it is a useful basis but a vast over simplification. Whilst there is plenty of evidence for separate memory stores for long and short term m...

Answered by Psychology tutor
5670 Views

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