Sign In
Not register? Register Now!
Essay Available:
Pages:
1 page/≈275 words
Sources:
2 Sources
Level:
MLA
Subject:
Business & Marketing
Type:
Article Critique
Language:
English (U.S.)
Document:
MS Word
Date:
Total cost:
$ 4.32
Topic:

Article Analysis Critique: Free Entry And Social Inefficiency (Article Critique Sample)

Instructions:

Article Analysis Critique: Free Entry And Social Inefficiency

source..
Content:

Name
Tutor
Course
Date
Article analysis Critique
Article analysis
The article highlighted that most enterprises must incur fixed set-up costs upon entering a market. The numbers of businesses entering a market do not have to be equal to the socially desired number within that market. The article highlighted that within a competitive market that is monopolistic, the free entry could lead to small entry opportunities for the firms which are relative to the social optimum (Mankiw & Whinston 49).
The article provided a simple exposition of the conditions under which entrants within a free entry equilibrium is inefficient, excessive or optimal. The evaluation makes comparisons of how many businesses can enter a market freely against the suitable number that would be socially acceptable, whereby these social conditions cannot control the characteristics of firms once they enter the market (Spence 49).
The analysis indicated that in markets with homogenous products, the existence of imperfect competition and also the business stealing effect would lead to the development of bias against excessive entry. In the process of analyzing the number of

...
Get the Whole Paper!
Not exactly what you need?
Do you need a custom essay? Order right now:

Other Topics:

  • Battling the Bulge: Menu board calorie legislation and its potential impact on meal repurcha. . .
    Description: Article Critique - Battling the Bulge: Menu board calorie legislation and its potential impact on meal repurchase intentions (Business and Marketing)...
    2 pages/≈550 words | 1 Source | MLA | Business & Marketing | Article Critique |
  • CARVEL CASE STUDY
    Description: Undergraduate writing level 1 page Business and Marketing Format Style English (U.S.) Article Critique. CARVEL CASE STUDY...
    1 page/≈275 words | 1 Source | MLA | Business & Marketing | Article Critique |
  • Article Analysis Critique: Free Entry And Social Inefficiency
    Description: The article highlighted that within a competitive market that is monopolistic, the free entry could lead to small entry opportunities for the firms which are relative to the social optimum (Mankiw & Whinston 49)...
    1 page/≈275 words | 2 Sources | MLA | Business & Marketing | Article Critique |
Need a Plagiarism Free Essay?
Submit your instructions!