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2 years ago

Is there any way for a monopoly to operate more efficiently than a competitive market? why or how?.

Business

1 answer:

irga5000 [103]2 years ago

7 0

The equilibrium point in a competitive market exists at the point of optimal market efficiency.

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

A competitive market exists a term in economics that guides to a marketplace where there exist a large number of buyers and sellers and no single buyer or seller can influence the market. Competitive markets have no obstacles to entry, lots of buyers and sellers, and homogeneous products.

In economics, especially general equilibrium theory, A perfect market also understood as an atomistic market, is determined by several idealizing requirements, collectively anointed perfect competition or atomistic competition.

No, the monopoly can never be additional efficient than the perfectly competitive market because the competitive market exists at the point of optimal market efficiency and the monopoly will deliver at the point where the MR and the MC stand equal. here the market has the excess capability and a dead weight loss.

To learn more about competitive market refer to:

brainly.com/question/8753703

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Dole Company uses the periodic inventory system. At the end of the accounting period, ending inventory is $10,000 and beginnin

Troyanec [42]

Answer:

The one entry is recorded

Explanation:

The journal entry is shown below:

Inventory A/c Dr (Ending inventory) $10,000

Cost of goods sold A/c Dr (Balancing figure) $94,000

To Inventory A/c Dr (Beginning inventory) $5,000

To Purchase account $99,000

In mathematically,

Cost of goods sold = Beginning inventory + purchase - ending inventory

= $5,000 + $99,000 - $10,000

= $94,000

4 0

3 years ago

The First Chance Casino has gambling facilities, a bar, a restaurant, and a hotel. All employees are allowed to obtain food from

jenyasd209 [6]

Answer:

D) All of the employees may exclude the value of the meals from gross income.

Explanation:

Meals provided at the workplace (in this case the casino) by the employer are nontaxable fringe benefits. This means that the employees are not required to include them as part of their gross income.

Also, if the providing the meals benefits the employer, they can deduct 50% of the cost.

4 0

3 years ago

Formal communication within a business _____.

labwork [276]

Answer:

The answer is (B) typically follows the same path as the company’s organization chart.

Explanation:

Formal communication in a business refers to a type of communication that is intended to follow a certain agenda or written or expressed verbally in a formal tone. Because of its form and adherence to standards, it usually requires the approval of multiple parties within the organization, and thus follows the same lines as a company’s organization chart.

4 0

3 years ago

Signal mistakenly produced 1,075 defective cell phones. The phones cost $70 each to produce. A salvage company will buy the defe

kow [346]

Answer: Rework the phones

Explanation:

The phones have already been produced so the cost price of $70 does not matter as it is a sunk cost.

The decision the company makes between scrap and reworking will depend on which option bring in more money.

Scrap = $39

Reworking:

= Price after reworking - Cost to rework

= 146 - 82

= $64

Incremental income of reworking over scrap:

= 1,075 * (64 - 39)

= $‭26,875‬

<em>Signal makes an incremental income of $‭26,875‬ if they rework the phones so they should do that. </em>

5 0

3 years ago

What are the advantage and dis advantage of advertising for a hotel?

Lana71 [14]

Answer:

heres are the pro/advantages and cons/disadvantages of advertising.

Explanation:

Pros Cons

Expands the market Encourages monopolistic control

Increases sales Ad cost might exceed sales

Fights competition Pushes out small businesses

Educates consumers Misleads consumers

please mark me as brainliest

6 0

3 years ago