Become a CRNA. Page Content. The miracle of anesthesia made pain-free surgery a reality. Nurse anesthetists, the first healthcare providers dedicated to the specialty of anesthesia, have their roots in the 1800s, when nurses first gave anesthesia to wounded soldiers on the battlefields of the Civil War.
In economics, a deadweight loss (also known as excess burden or allocative inefficiency) is a loss of economic efficiency that can occur when equilibrium for a good or service is not achieved or is not achievable.n a perfectly competitive market, producers would have to charge a price of 10 cents and every customer whose marginal benefit exceeds 10 cents would have a nail. However, if there is one producer who has a monopoly on the product, then they will charge whatever price will yield the greatest profit.
Â· There is a complete negation of competition. Â· Monopolist is a price maker. Â· Since there is a single firm, the firm and industry are one and same i.e. firm coincides the industry. Â· Monopoly firm faces downward sloping demand curve. It means he can sell more at lower price and vice versa.Therefore, elasticity of demand factor is very important for him. There is a complete negation of competition. Â· Monopolist is a price maker. Â· Since there is a single firm, the firm and industry are one and same i.e. firm coincides the industry. Â· Monopoly firm faces downward sloping demand curve. It means he can sell more at lower price and vice versa.