1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
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

You might be interested in
Academic book publishers hire​ editors, designers, and production and marketing managers who help prepare books for publication.
Montano1993 [528]

Answer:

The correct answer is option D.

Explanation:

Academic book publishers hire​ editors, designers, and production and marketing managers who help prepare books for publication.

These employees work on several books​ simultaneously so a change in quantity demanded of books published in a year.

Since the number of people employed is fixed and does not change with the quantity of output. The cost incurred on these workers will be fixed cost. So the salaries and benefits of people in these people will be included in fixed costs and total costs. But since it does not change with change in the output it will not be included in variable costs.

8 0
3 years ago
The United States enjoys a free market economy in which _____.
Mnenie [13.5K]
Free market means you can choose what path you want to take such as a career or future. therefore the consumers control the market. that is why share prices go up and down because of s and d. the suplly and demand comes from the consumer wanting to purchase and sell. Therefore a free market economy is an economy controlled by consumers
4 0
3 years ago
Baiman, Inc. issues $1,000,000 of zero-coupon bonds that mature in 10 years. Compute the bond issue price assuming that the bond
kvv77 [185]

Answer:

Zero-cupon bond= $376,889.48

Explanation:

Giving the following formula:

Face value= $1,000,000

Mature= 10*2= 20 semesters

Market rate= 0.1/2= 0.05

<u>To calculate the price of the bond, we need to use the following formula:</u>

Zero-cupon bond= [face value/(1+i)^n]

Zero-cupon bond= [1,000,000 / (1.05^20)]

Zero-cupon bond= $376,889.48

3 0
3 years ago
Consider a chemical factory that is situated next to a farm. Airborne emissions from the chemical factory damage crops on the fa
Harman [31]

Answer:

Marginal Benefits of Emissions

Total net benefit to the farmer and factory at the economically and socially efficient quantity of emissions is $30,000 when the quantity of emission is 200 tons.

Explanation:

a) Data and Calculations:

Quantity of         Marginal       Marginal    Total Net Benefit

emissions (Q)     Benefits        Cost           or Cost

100                        320               110               21,000

200                        280               130               30,000

300                        240               150               27,000

400                        200               170               12,000

500                        160               190               -15,000

600                        120               210               -54,000

700                         80               230              -105,000

800                         40               250             -168,000

900                          0                270             -243,000      

8 0
2 years ago
Assume that the company sells two products, X and Y, with contribution margins per unit of $12 and $10, respectively. What happe
oee [108]

Answer:

Option B is the correct answer.

Explanation 1:

The Break-even point will decrease because higher number of contribution is earned which will cover the cost of the fixed costs or period cost of the firm. If the company has a range of products and wants to decrease the breakeven point then it will have to increase the sales of products that have greater contribution margins per unit (required that there are no limiting factors that limits the production of units).

Explanation 2:

This can also be explained from the following formula:

Breakeven point = Fixed cost / W.Avg. contribution per unit

If the Weighted average contribution per unit is greater which is only possible if the share of the a unit with greater contribution per unit increases in the existing sales mix, then the breakeven point will decrease (denominator increases then the answer would decrease-mathematics).

Hence the option B is the correct answer.

3 0
3 years ago
Other questions:
  • A company failed to record unrealized gains of $26 million on its debt investments classified as trading securities. Its tax rat
    10·1 answer
  • Which one of the following best represents the transaction motive for holding cash? A. Buying extra inventory in response to an
    5·1 answer
  • Cable tv operators and cellular carriers suffer from high levels of​ ________, or customer defections.
    7·2 answers
  • Uber plans to sell shares of common stock to raise capital funds. They estimate that each share of common stock will sell for $1
    12·1 answer
  • Laura received a grant that will pay for 30% of her annual estimated tuition and a scholarship that will pay for her books. What
    8·2 answers
  • What are 3 categories that make up a credit score
    15·1 answer
  • The tables show the utility Parker experienced from consuming varying quantities of waffles and pancakes. Assume that waffles co
    7·1 answer
  • An online gardening magazine wants to understand why its subscriber numbers have been increasing. A data analyst discovers that
    9·1 answer
  • 1 if we want to fill the post, we'll have to........ ........ a qualified technician
    6·1 answer
  • Assume that the price of the sub sandwiches is $4 and the price of tacos is $2. When Harry's income is $14 he buys two Italian s
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!