Cabelaâs provides short-term salary replacement benefits for full-time employees who are unable to work due to a qualifying medical disability. Employees have additional benefits available for long-term disability coverage.
Allocative Inefficiency of a Single-Price Monopoly. 1  The difference between the value of a good and its price is consumer surplus. 2  A single-price monopoly restricts output and charges a higher price, reducing consumer surplus. 3  While the monopoly gets part of this reduction, another part is simply lost.
The state of long-run equilibrium in a competitive market, otherwise known as perfect competition in the long run, is quite similar to a long-term competitive monopoly. In the latter case, demand for a product eventually increases along with the cost, which also levels a firm s revenue to zero profit margins.erfect Competition. Zero economic profit most often arises in perfect competition, as it is typically a result of competitive businesses driving down profits and preventing a firm from earning more money than it spends in production costs.