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DENIUS [597]
1 year ago
10

in many large u.s. cities, taxicabs operate as near monopolies because of: patents. licenses. economies of scale. control of ess

ential resources.
Business
1 answer:
Verizon [17]1 year ago
4 0

In many large U.S. cities, taxicabs operate as near monopolies because of licenses.

A monopoly is a scenario in which there's a single vendor inside the marketplace. In conventional financial analysis, the monopoly case is taken because of the polar opposite of ideal opposition. by way of definition, the call for the curve facing the monopolist is the industry call for the curve which is downward sloping.

A franchised monopoly refers to an enterprise, or man or woman, that is sheltered from opposition by way of distinctive features of a distinct license or patent granted by means of the authorities because the government believes it to be a useful component of the financial system.

A monopoly is a firm that is the sole supplier of its product, and wherein there aren't any near substitutes. An unregulated monopoly has marketplace strength and might affect costs. Examples: Microsoft and windows, DeBeers and diamonds, your nearby natural gas employer.

Learn more about monopolies here brainly.com/question/13113415

#SPJ4

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Answer:

Rogue Outdoor’s break-even point in units and dollars is 720 units and $72,000 respectively.

Explanation:

In this question we use the formula of break-even point in the unit which is shown below:

= (Fixed expenses) ÷ (Contribution margin per unit)

where,  

Contribution margin per unit = Selling price per unit - Variable expense per unit

= $100 - $50

= $50

Now put these values to the above formula  

So, the value would equal to

= $36,000 ÷ 50 per units

= 720 units

And, the formula of break-even point in dollars which is shown below:

= (Fixed expenses) ÷ (Contribution margin ratio)

where,  

Contribution margin ratio = (Contribution margin ÷ selling price per unit) × 100

where, Contribution margin =  Selling price per unit - Variable expense per unit )

= $100 - $50

= $50

So, the contribution margin ratio = 50%

Now put these values to the above formula  

So, the value would equal to

= $36,000 ÷ 50%

= $72,000

4 0
3 years ago
Define bank run in your own words.​
lina2011 [118]

Answer:

A bank run occurs when a large number of customers of a bank or other financial institution withdraw their deposits simultaneously over concerns of the bank's solvency. As more people withdraw their funds, the probability of default increases, prompting more people to withdraw their deposits.

5 0
2 years ago
The difference between the minimum price at which a producer is willing and able to sell a unit of a good or service and the pri
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Answer:

Seller Surplus

Explanation:

In business terms, there is a difference in the expected value what a seller expects to receive from the products it sells and from the amount it actually earns.

The cost of the product not only involves the monetary cost but it also involves the cost in terms of efforts involved to produce an article.

When a seller puts a product in the market, then he tries to have it a market value more than its cost. When such market value is realised then the difference in cost and market value is surplus for the supplier or producer.

But in cases where the consumer is efficient enough to bargain such product and only pays an amount which is less than the cost, then there arises seller deficit, which is represented as a negative seller surplus.

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I agree with you on that

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