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azamat
2 years ago
13

The market price in a perfectly competitive market is $11, and 1,250 units are bought and sold. Assume the market becomes monopo

lized. What would you expect to happen to the market price
Business
1 answer:
UNO [17]2 years ago
5 0

When the price of a commodity is $11, where 1250 units are being bought and sold in a perfectly competitive market, the market price of the commodity will increase from its original price if the market is monopolized.

<h3>What is a perfectly competitive market?</h3>

In a market where there are less to zero restrictions for entry and exit of buyers and sellers in the market dealing in similar commodities, then such a market is known as a perfectly competitive market.

There is no pricing power in the hands of the buyers and sellers in the market, as there is no minimum or maximum limit on the number of sellers in the market, so the supply is not restricted in such a market.

Hence, it can be concluded that market prices are stable in a perfectly competitive market, and it generally increases in a monopolistic market.

Learn more about a perfectly competitive market here:

brainly.com/question/13961518

#SPJ1

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Explain the difference between common and preferred stock? List the advantages and disadvantages of each.
Juli2301 [7.4K]
Common stockholders will not receive any money before the preferred stock holders in the case of the company having to liquidate.  So thats a disadvantage.  Preferred stockholders tend to get higher dividends paid out to them, which is an advantage.  
7 0
3 years ago
One factor that allows saudi arabia to successfully use strategic trade protectionism to increase oil revenues is that?
enyata [817]

Nations are unable to react by placing limitations on other imports from Saudi Arabia.

What is Strategic Trade?
Strategic commerce refers to the management of certain commodities' export, import, international transit, and transhipment to specific recipients, for specific end-uses/end-users, and under specific conditions. Dual-use drugs and technologies that have both acceptable commercial uses and sensitive uses that could support actions that hurt people or states are those that are listed as subject to UN Security Council Resolution 1540 (2004) and other UN embargoes and penalties. Controlling these commodities requires a balanced strategy; dual-use products, parts, and raw materials must be seen as strategically traded in order to prevent them from moving farther into criminal usages.

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5 0
1 year ago
The immediate-short-run aggregate supply curve represents circumstances where: A. both input and output prices are fixed. B. bot
Butoxors [25]

Answer:

Option A

Explanation:

The correct answer is  Option A.

immediate-short-run last as long as both input and output prices are fixed.

In economics, the supply curve is the representation of the relationship between the price of the product and the quantity of the product.    

The price of the product is represented on the vertical axis whereas on horizontal axis quantity is represented.

5 0
3 years ago
company pays each of its workers on a per diem basis. if another worker is​ hired, fixed costs will increase while variable cost
JulijaS [17]

A company pays each of its workers on a per diem basis. If another worker is​ hired,

variable costs will increase while

fixed cost will remain the same.

<h3>What is the difference between fixed and variable?</h3>
  • The amount of product generated determines the fluctuation in variable costs. Raw materials, labor, and commissions are examples of variable expenses. Regardless of the level of production, fixed expenses stay constant. Lease and rental payments, insurance, and interest payments are fixed costs.
  • Costs that change as the volume increases are known as variable costs. Raw materials, piece-rate labor, production supplies, commissions, shipping expenses, packing costs, and credit card fees are a few examples of variable costs. The "Cost of Goods Sold" is the name given to the variable costs of production in some accounting statements.
  • Some examples of fixed costs are rent, lease payments, salary, insurance, property taxes, interest fees, depreciation, and possibly certain utilities. For instance, a new business owner would probably start off with fixed costs like rent and managerial wages.
  • Property taxes, rent, salary, and the cost of benefits for non-sales and management staff are examples of fixed costs. They are one of the three categories of expenses that most companies face. Costs that are changeable or semi-variable are the others.

A company pays each of its workers on a per diem basis. If another worker is​ hired,

variable costs will increase while

fixed cost will remain the same.

To learn more about fixed cost, refer to:

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5 0
1 year ago
Which professional has helped Jennifer in this example?
Yuki888 [10]

Answer:

would it be sales representative since they were only able to replace the device and apologize

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