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AnnyKZ [126]
1 year ago
14

A monopolist has market power because it Group of answer choices none of the Answers are Correct. Faces a downward-sloping deman

d curve for its own output. Is a price taker. Is regulated by the government. Can raise price as much as it wishes and not lose any customers.
Business
1 answer:
Ksenya-84 [330]1 year ago
6 0

A monopolist has market power because it faces a downward-sloping demand curve for its own output.

A monopolist has market power because he is a price maker and not a price taker.

  • A monopolist undergoes a downward-sloping demand curve for its own output.
  • When a firm, primarily in a monopoly, increases its market price by decreasing its output, it exerts its price-making abilities.
  • As a price maker, a monopoly will always face a downward-sloping demand curve.
  • A downward-sloping demand curve indicates that a greater quantity of a commodity would be demanded when the price is lower.
  • A monopolist has more leeway in determining the output and prices.
  • Since, a monopolist has market power, they determine the price of the commodity, facing a downward-sloping demand curve at all times.

Therefore, a monopolist has market power because it faces a downward-sloping demand curve for its own output.

Learn more about a monopoly here:

brainly.com/question/13113415

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4 0
2 years ago
Bettina Amman is a sales consultant. She travels all over the country selling her company’s products. Her total monthly expenses
mamaluj [8]

Answer:

a. $7,382.40

Explanation:

With regards to the above,

Bettina Amman 's average monthly expenditure calculation is shown below;

= Total monthly expenses / Number of months

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= $7,382.40

Therefore, Bettina Amman's average monthly expenditure is $7,382.40

7 0
3 years ago
1. After multiple rounds of layoffs, a plastics processing plant goes into bankruptcy because it has failed to keep up with tech
Gwar [14]

1. After multiple rounds of layoffs, a plastics processing plant goes into bankruptcy because it has failed to keep up with technological developments in the field. It is called dissolution.

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Explanation:

Dissolution is the final phase of liquidation, the closure of a company, and the transfer of the property and assets of the company. Relationship breakup is the first of two phases of relationship termination.

For example, marriage breakdown. It is the last winding-up process of corporate law.

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8 0
3 years ago
Bryson Corporation purchased a limited-life intangible asset for $1,162,500 on May 1, 2018. It has a remaining useful life of 15
Nastasia [14]

Answer:

$206,667

Explanation:

Calculation for What total amount of amortization expense should have been recorded on the intangible asset by December 31, 2020

Using this formula

Total Amortization expense=Cost/useful life*Number of months

Let plug in the formula

Total Amortization expense=$1,162,500/180*32

Total Amortization expense=$206,667

Note that 15 years*12months will give us 180 months which is the useful life while May 1, 2018 - December 31, 2020) will give us 32 months

Therefore the total amount of amortization expense should have been recorded on the intangible asset by December 31, 2020 will be $206,667

5 0
3 years ago
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____ [38]

Answer:

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Explanation:

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4 0
3 years ago
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