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Which of the following is/are source(s) of economic inefficiency that arise under monopoly?
I). Since legally protected monopolists can often earn economic profit, government protection of monopoly producers will encourage rent-seeking activities.
II). A monopolist will fail to expand output to the level where the consumer's valuation of the marginal unit equals the producer's cost of producing the unit.
III). Monopoly reduces the ability of consumers to discipline the seller of a product.
A. II and III.
B. I, II and III.
C. I and II.
Answer: B
Explanation:
Monopolies are inefficient because of barriers to entry which imply that monopolists are not subject to the discipline of competition. Since monopolists produce where P>MC the monopolist does not expand output to the point where the consumer's valuation of the marginal unit equals the producer's cost of the unit. Finally, since there are profits available under monopoly organization, producers will use their resources to lobby politicians to allow them to operate as monopolies.
What is not a pre-requisite for deploying the Oracle Business Intelligence Cloud Service Remote Data Connector?
A. Download and Install Weblogic Server and Node Manager from the Oracle Technology Network website or, alternatively, download and install Apache Tomcat.
B. Obtain the OAuth 2.0 token from the IETF OAuth Working Group website and save it to the Oracle Analytics Cloud bi_home directory.
C. Download the Oracle Business Intelligence Cloud Service Remote Data Connector WAR file from the Oracle Technology Network website.
D. Configure the load balancer or HTTP server for Secured Socket Layer communication.
Answer: D
Explanation:
Explanation
Reference
https://www.oracle.com/technetwork/middleware/bicloud/downloads/oac-rdc-e67875-06-4921158.pdf
A. Option C
B. Option A
C. Option B
D. Option D
Answer: A,C
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