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valina [46]
2 years ago
8

Suppose that total demand for refrigerators at the market price is 15,000 units. If the LRAC curve reaches a clear minimum avera

ge cost at 5,000 units, then the industry structure must be
Business
1 answer:
Bogdan [553]2 years ago
3 0

The industry structure must be a monopoly. A perfectly competitive and monopolistic company earns 0 profit in case of the long run.

<h3>What do you mean by Monopoly market?</h3>

Monopoly, as described by Irving Fisher monopoly., is a “non-competitive” market, which creates a situation where a person or business is the sole supplier of something.

To increase profits the company produces that number MR = MC. Build a completely competitive company P = MR.

Therefore, If the LRAC curve reaches a clear minimum average cost at 5,000 units, then the industry structure must be a monopoly. This is the correct answer.

Learn more about Monolpoly market refer:

brainly.com/question/7217942

#SPJ1

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Unit 1 Quiz Submit 6 A market economy has several benefits, but it also has some drawbacks. What is one negative effect a market
Lesechka [4]

Answer:

A. It creates extreme divisions between the wealthy and the poor

Explanation:

The market economy is profits driven. The prices of goods and services, including essential goods, are set to generate profits for the producer. Only people with resources are able to acquire these goods.  

The market economy creates social inequities as those with fewer resources will always afford little. Meanwhile, owners of the factors of production continue making profits and growing more wealthy. Economies with a market economy will have people at both extreme ends of wealth; those with a lot and those who barely have any

6 0
3 years ago
A tax on the buyers of coffee will a. decrease the price of coffee paid by buyers, increase the net price of coffee received by
coldgirl [10]

Answer:

d. increase the price of coffee paid by buyers, decrease the net price of coffee received by sellers, and decrease the equilibrium quantity of coffee.

Explanation:

A tax is an amount levied by the government on a good or service.

A tax increases the price of the good.

Burden of tax is borne by consumers and producers depending on who has the greater price elasticity.

A tax would increase the amount paid by consumers for a cup of coffee and reduce the amount received by suppliers.

A tax would reduce the quantity demanded and supplied, so equilibrium quantity would fall

I hope my answer helps you

6 0
3 years ago
Suppose an increase in interest rates causes rising unemployment and falling output. to counter this, the federal reserve would
weqwewe [10]
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(but for a country that is more sympathetic to the people it would be B) because it would increase social security nets like welfare)
8 0
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Martin and Carl own properties that are adjacent to one another, and Carl’s property abuts a public pond and grazing area for an
Eddi Din [679]

Answer:

appurtenant

Explanation:

This is like the right over someone's land for a specific reason or purpose.

It is legal and it is an easement where the right of use is attached to the land itself. The property that benefits from the easement is known as the dominant estate (which is Martin), while the property that is burdened by the easement is known as the servient estate (which is Carl) because it serves the dominant estate.

3 0
3 years ago
Read 2 more answers
Which of the following is NOT a service provided by banks?
almond37 [142]

Answer:

c

Explanation:

in health insurance because you can't just go to the bank and say hey can I have my health insurance

3 0
2 years ago
Read 2 more answers
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