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nata0808 [166]
1 year ago
9

limited government licenses that create a monopoly do so because part 2 a. the license grants a marginal cost advantage. b. the

firm will become a natural monopoly. c. the license is an entry barrier. d. all of the above.
Business
1 answer:
sammy [17]1 year ago
3 0

Limited government licenses that create a monopoly do so because the license is an entry barrier.

Hence, option C is correct.

What do you mean by monopoly in economics?

Monopoly can be defined as  a situation where there is a dominance of a single seller in the market.  It is opposite to the concept of perfect competition. An unregulated monopoly possesses market power and can influence prices in the overall sector.

The main features revolves around

  • Only One Seller and Various Buyers.
  • No Produce Replacement Option
  • Very Difficult to Enter in Market.
  • Pricing Control.
  • Government Driven.
  • Natural Monopoly.

There are usually three types of monopoly

  • Natural Monopolies.
  • State Monopolies.
  • Un-natural Monopolies.

To know more about monopoly from the given link

brainly.com/question/28841635

#SPJ4

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Rashan's family is always telling him he's worthless and will never be successful at anything he does. Eventually, he reaches a
Ivenika [448]

Answer:

Self-esteem

Explanation:

Self-esteem is a person's evaluation of their worth. This evaluation is subjective as it may not be based on reality. Self-esteem is influenced by one's environment including peer groups, family, and coworkers.

Self-esteem induces the following feelings: shame, despair, pride, and triumph. It determines if a person likes themselves or not. People with high self-esteem are happy and comfortable with themselves, while those with low self-esteem are often depressed.

Rashan's self-esteem has gone low as he now believes what his family is telling him. That he is worthless.

7 0
4 years ago
given that chicken and beef are substitute goods, if the price of chicken decreases, there would be: a an increase in the quanti
Alex_Xolod [135]

Given that chicken and beef are substitute goods, if the price of chicken decreases, there would be a decrease in the demand for beef.

The correct option is C.

Demand is the amount of a good that consumers are willing and able to buy at different prices during a specific period of time. The demand curve is the relationship between price and quantity demand.

Demand for a given product depends on a variety of factors, including perceived need, price, perceived quality, convenience, alternatives offered, buyer preferences, and disposable money.

To know more about demand, click here:-

brainly.com/question/10489478

#SPJ4

8 0
1 year ago
SY Manufacturers (SYM) is producing T-shirts in three colors: red, blue, and white. The monthly demand for each color is 3,487 u
e-lub [12.9K]

Answer: See explanation

Explanation:

a. The optimal order quantity can be calculated as:

= √2DS/H

where

D = 3 × 12 × 3487 × 0. 75

= 94149

Total cost incurred during purchase

= $1.55 + $0.70

= $2.25

Setup cost (S) = $186

Holding cost

= 32% × $2.25

= 0.32 × $2.25

= $0.72

Optimal order quantity

= √(2 × 94149 × 186)/0.72

= 6974.50

b. This will be calculated as:

Annual demand / EOQ

= 94149/6974.50

= 13.50

The company should order cotton 13.5 times per year.

c. Since the first order is needed on 1-July and lead time is 2 weeks, SYM should place the order before 17th June.

d. This will be:

= Annual demand / EOQ

= 94149/6974.50

= 13.5 orders

e. The resulting annual holding cost will be:

= 0.72 × (6974.50/2)

= 0.72 × 3487.25

= $2510.82

f. The resulting annual ordering will be:

= 94149/6974.50 × $186

= 13.5 × $186

= $2511

4 0
3 years ago
Orange County Shop follows the revenue recognition principle. Orange County services a bicycle on July 31. The customer picks up
sp2606 [1]

The correct answer is A) July 31st.

Orange County shows that the revenue was recognized on July 31st.

The other options of the question were B) August 1. C) August 5. D) August 6.

To be successful, a business needs good control and operation systems. Accounting is of the utmost importance when controlling the finances of a company. You have to keep your records straight. Your accountant needs to clearly understand when to record revenue in your book. So the accountant has to understand the general principles of accounting. According to the revenue recognition principle, revenue has to be recognized when they are realized, so you keep it in the book.

4 0
3 years ago
Which accounting method correctly reflects the results in finacial statements
Artist 52 [7]

The accounting method that correctly reflects financial statement results is <u>Accrual accounting.</u>

<h3>What is accrual accounting?</h3><h3 />

This is a type of accounting that takes into account the various transactions that the business goes through even those that are not cash-based.

This will therefore accurately reflect the results of the financial statement because business get involved in non-cash transactions as well as cash transactions.

Find out more on accrual-based accounting at brainly.com/question/25817056.

#SPJ12

3 0
2 years ago
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