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BigorU [14]
2 years ago
14

Consider the market to the right. compared to the perfectly competitive outcome, what would be the change in surplus if instead

the market had one supplier that was a monopoly?
Business
1 answer:
Sonbull [250]2 years ago
8 0

If the market had one supplier that was a monopoly then there would be only one firm operating in the market, with no competition.

In a market, a monopolist tends to charge a price higher and produces fewer units than a competitive market structure. Because of such higher monopoly price, the area of consumer surplus tends to decrease.

The market power of a monopoly affects both consumer and producer surplus as a firm is able to earn positive economic profits, and as it is a monopoly, other firms are unable to enter their market and cannot lead to competition.

Hence, a firm is a monopoly if it can ignore other firms prices.

To learn more about monopoly here:

brainly.com/question/17001862

#SPJ4

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Fruit grows best on wood that is 2-5 years old, but old un-pruned trees tend to produce large crops at the expense of new growth. ... Pruning helps maintain the balance as it causes dormant buds in the old wood to produce vegetative growth that will become the next young fruiting wood.

So yes, I hope this is what you needed
6 0
3 years ago
When the amount of insurance written in a property policy is not subject to any coinsurance provision and that amount is paid in
enot [183]

When the amount of insurance written in a property policy is not subject to any coinsurance provision and that amount is paid in the event of a covered loss, the coverage is said to be written as stated amount.

<h3>What is stated amount?</h3>

A stated amount is the value or amount the owner of a property gives as the worth of the property.  This can be for your vehicle and it is provided to the insurer.

The stated amount is given for insurance to show the worth of a property that is insured.

Insurance helps to prevent total loss on a property incase of some unforeseen circumstance.

Therefore, When the amount of insurance written in a property policy is not subject to any coinsurance provision and that amount is paid in the event of a covered loss, the coverage is said to be written as stated amount.

Learn more on stated amount below

brainly.com/question/18276040

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4 0
2 years ago
The Whitewater LLP is equally owned by three partners and has the following balance sheet at the end of the current tax year:
sp2606 [1]

Answer:

A.) $20,000

Explanation:

Kindly check attached picture for detailed explanation

8 0
4 years ago
The ceo of big wheel automotive is concerned about declining sales. he has identified his research problem as the fact that his
White raven [17]

The CEO of Big Wheel Automotive is using market research organizations for secondary data about the research problem that he is experiencing. The market research is a way of having to gather information in which is helpful for an organization or business in order to improve their own and a way of having to target their consumers.

5 0
3 years ago
Al’s Automotive started the year with total assets of $250,000 and total liabilities of $180,000. During the year, the business
laiz [17]

Answer:

$520.000 po

Explanation:

ang compute ko 860.000 pero wala sa answer nyo

7 0
3 years ago
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