Running head: SHORT ANSWER QUESTIONS1

Short Answer Questions

Students Name

Institutional Affiliation
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How Production Has Been Improved

1946 federal airport act focuses on the construction of airports in different sports of

nations. The act gives the nation access to public utilities and materials to finance her business.

Thus, production has benefited from the developed transport system through efficient transport

.producers can access the raw materials and faster deliverance of finished goods to customers.

Remote areas are opened up, and industries have been set up to improve productivity

significantly. Additionally, highways' construction enables the transportation of Bucky raw

materials to industries and finished goods o market. The funds provided to facilitate the act

improved people's lives.

Examples of Economic Concentration That Can Be Shared

Firms can share factors such as ratings of profit and risks. They also share motivations

and empirical tests for a relationship with price,

Risks and Advantages to Economic Concentration

Firms take both economic, cultural risks when setting up their businesses. Market

competition fluctuates at times, and thus disadvantages and advantages need to manage. Risks

such as fire outbreaks, earthquakes, and floods affect marketing (Stavins, 2017). Firms wait for

such demerits while carrying out business. However, other times the demand might be higher

and thus, the firms make more income. The firm's products may be of the best quality, and many

customers buy it at a higher price. Moreover, politics may also impact marketing; limitations are

set due to political violence and negatively influence marketing.

Influence of Economic Concentration to Industry

The concentration of industries has to lead to an increase in regulations as an evi9dence

of market power. Ways to balance risks and profits and share of income and capital growth from
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the laborers have also been increasing(Stavins, 2017).. Firms have risks of getting acquisitions

and more strict rules as their number increase.

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Reference

Stavins, J. (2017). Price discrimination in the airline market: The effect of market

concentration. Review of Economics and Statistics, 83(1), 200-202.