Answer:
A. Competitive markets face perfectly elastic demand and marginal revenue, while monopolies face downward-sloping demand and marginal revenue.
Explanation:
In the case when competitive firms and monopolies generated at the level in which the marginal cost is equivalent to marginal revenue keeping the other things constant so the price should be less in the competitive market as compared to the monopoly because in the competitive markets it face perfectly elastic demand but in the monopoly it face the down ward sloping demand curve
Therefore the option a is correct
Bad because than it gives no competition off other businesses which essentially is not good because than the monopoly will dominate and become way too powerful and totally crush the economy.
Answer:
$ 2,000
Explanation:
ANNUAL HOLDING COST = (Q / 2) * HOLDING COST
ANNUAL HOLDING COST = (1000 / 2) * 4 = 2000
Hence, the correct amount for the holding cost is $ 2,000
Answer:
To assess the market potential for up-and-coming businesses
Explanation:
Knowledge in entrepreneurship will give you to ability to understand a couple of things:
- The types of products that currently desired by the market.
- The strength and weaknesses of several business models
- The knowledge on how to scale business operations
Even though investors do not own their own business, understanding all this will help them understand which companies are most likely to succeed. They can put their investments on those companies and maximize the amount of return that they can get from their investment.
