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Andrews [41]
4 years ago
14

In two or three sentences, explain how a monopolist chooses a price

Business
1 answer:
Virty [35]4 years ago
7 0
A monopolist desires to produce less goods while earning maximizing profit. However, if the marginal revenue of the goods are in decrease (less goods of demand), the monopolist must higher the demand by lowering the price for customers to buy the goods. Thus, the marginal revenue increases- goods demanded, lower prices of goods-for a lot of customer demands, produces more goods- due to customer increase of demand and lower price of goods. At the end of day, the monopolist makes maximizing profit..
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Galatea Foods was founded in Greece by Galatea Chronos in 1978, and the company spread rapidly through Western Europe. Ms. Chron
Alina [70]

The company probably uses the multidomestic strategy.

<h3><u>What is a multidomestic strategy?</u></h3>
  • A multi-domestic strategy is one in which businesses adapt both their product lineup and their marketing approach to suit several national contexts in an effort to maximize local responsiveness.
  • Each large national market where commerce is conducted typically has established production, marketing, and R&D operations.
  • The structure of multinational corporations is described by an alternative use of the phrase.
  • International or multinational businesses advertise comparable products in numerous countries and benefit from economies of scale through shared overhead.

Multinational corporations can achieve more localized management by having separate headquarters in many nations, but at a higher cost by forgoing the economies of scale through cost sharing and centralization.

Know more about multidomestic strategy with the help of the given link:

brainly.com/question/14989951

#SPJ4

4 0
1 year ago
What document provides continuity when multiple doctors are working on the same patient?
Mazyrski [523]

Answer:

The correct answer would be B, Client Information Sheet.

Explanation:

When a patient is admitted in a hospital and has multiple ailments, like some kidney problem, heart problem, joints problem, blood pressure, sugar, etc, then there would be multiple doctors or the specialists who see the patient. They all will use a common Client information Sheet and put their reviews and suggestions on that sheet so that other doctors also have a look into that before giving medication to the specific patient. This is because all medicines can be just given to the patient without matching with the other medicines. For example there are some medicines of Blood Pressure that cant be given with the medicines of kidneys. So doctors have to give that medicine which matches the rest of the medicines. So when doctors will see the CIS, they will be able to continue the treatment of the patient with ease. So CIS provides continuity when multiple doctors are working on the same patient.

3 0
3 years ago
If closing costs of $1,400 are associated with the refinance of reduce the monthly payment fro m $980 to $870 refinance, it woul
Anna71 [15]

Answer:

time take = 13 months

so correct option is C.)13

Explanation:

given data

closing costs = $1,400

monthly payment reduce = $980 to $870

to find out

Time to cover cost

solution

we know here monthly payments after reduction will be

monthly payments = $980 - $870

monthly payments = $110

so

time taken is = \frac{closing\ costs}{monthly\ payments}  .........1

time taken is = \frac{1400}{110}

time take is = 12.727273

time take = 13 months

so correct option is C.)13

8 0
4 years ago
Malika just got hired by Amazon to work in upper management. She currently lives in South Carolina, and has to move to Californi
zzz [600]

Answer: Malika's job starts in one month, so she will have one month without work. Therefore, the opportunity cost of moving herself is low during this month.

Explanation:

From the question, we are informed that Malika just got hired by Amazon to work in upper management and that she currently lives in South Carolina, and has to move to California for the job.

A good economic reason for her to move her personal belongings on her own rather than hiring someone else is Malika's job starts in one month, so she will have one month without work. Therefore, the opportunity cost of moving herself is low during this month.

Since her job will start in a month, that means that she can use the available time she has to move her personal belongings. Assuming, she has something else to do or she'll be busy and will be hard for her to move it on her own, then it'll be logical to request for someone to help her move it but in this case, she can move it herself as the opportunity cost is low.

4 0
3 years ago
The four level pyramid model revolves around which aspect of an organization? The four-level pyramid model revolves around the _
Damm [24]

Answer:

Hierarchy, Information Systems

Explanation:

The pyramid model of four level in an organization is based on and is depends on the various levels of the hierarchy systems or management in the organization.

These four level is of different types of the Information System in the organization.

1. First level : It is also known as Strategic level or Executive Information Systems.

2. Second level : It is also know as Management Level  or the Decision Support Systems.

3. Third level : Another term is Management Level or Management Information Systems.

4. Fourth Level : It is called the Operational Level or the Transaction Processing Systems.

6 0
3 years ago
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