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Vesna [10]
2 years ago
14

Imagine that there are currently three major cell phone service providers available in the united states. the largest one has en

ough money to buy out the other two companies and make one giant company. what is most likely to happen if the largest company attempts to buy out the other two companies? a. the government will approve this monopoly. b. customers will have more choice in their service provider. c. the new, large company can control all prices and services provided. d. osha will step in and make sure that this merger is not approved.
Business
1 answer:
Bumek [7]2 years ago
8 0

Analyzing the scenario, the new and the large company can control all prices and services provided, generating a monopoly situation.

<h3 /><h3>What is monopoly?</h3>

It is a market situation where a company controls the market, being the entity responsible for establishing the price for a good or service, characterizing a situation of imperfect competition.

Therefore, in the monopoly market, consumers are harmed because they do not have the right to choose which products or services they want to consume, in addition to the fact that the price charged may be higher in a situation of perfect competition.

Find out more about monopoly here:

brainly.com/question/13113415

#SPJ1

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8 0
2 years ago
What are 3 reasons why people work
lozanna [386]

Answer:

to earn money to feed their families, to pay their bills, to go places,

Explanation:

5 0
3 years ago
Read 2 more answers
It is generally recognized that the spending habits of individuals changes over their lives. In general, young adults tend to sp
ki77a [65]

Answer:

1. more

2. less

3. borrowing

4. past savings

Explanation:

It is generally recognized that the spending habits of individuals changes over their lives. In general, young adults tend to spend <u>more</u> than they earn, while older adults tend to spend <u>less</u>. To accommodate their spending habits, young adults tend to rely on funds raised from <u>borrowing </u>. Retired adults, in contrast, tend to rely on <u>past savings</u> to cover the frequent shortage between their current expenditures and their current incomes.

4 0
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What are 4 ways managers can motivate their staff
Nina [5.8K]
They can offer a certain amount of raise if they do extra work they can also motivate them with threatening to fire them they can also motivate them that they’ll get them something else and motivate them but if they don’t do this then they’ll get the amount of money they get lowered
7 0
4 years ago
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An express warranty is created when a seller: makes an affirmation of fact or promise concerning the goods that becomes part of
laiz [17]

Question:

An express warranty is created when a seller:

A) makes an affirmation of fact or promise concerning the goods that becomes part of the basis of the bargain.

B) uses descriptive terms as a part of the bargaining process, but the buyer does not take it into consideration when making the purchase.

C) sells goods meant for use for ordinary purposes.

D) avoids using a sample or model as the basis for the contract.

Answer:

The correct choice is A)

An express warranty is created in the contract when a supplier makes a promise concerning the goods that the buyer can hold on to as an incentive to purchase the product.

Explanation:

For example, if a consumer buys a Laptop online, but when it arrives the item is the wrong specifications, wrong color, or is dented or damaged in anyway, an <em>express warranty</em> might entitle the consumer to a refund or replacement.

This warranty usually is stated upfront prior to or during the execution of the sales transaction.

Cheers!

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4 years ago
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