Answer:
Monopolist : Output at MR = MC; corresponding point at demand (AR) curve gives price.
Explanation:
Monopoly is a market structure having a single seller.
Monopolies have usual downward sloping demand curve, depicting price - demand inverse relationship. This 'falling price' case also makes monopoly Marginal Revenue curve usually lie down below its demand i.e Average Revenue Curve. Marginal cost is usually U shaped.
Monopoly producer chooses its equilibrium production quantity where : Marginal Revenue = Marginal Cost. The equilibrium price is determined at the price of corresponding equilibrium output, on the demand (average revenue) curve.
Answer:
does not achieve a mutually beneficial equilibrium because there is a lack of coordination of the actions of people and businesses
Explanation:
From the question, we are informed about Craig and Kris who were walking directly toward each other in a congested store aisle. Craig moved to his left to avoid Kris, and at the same time Kris moved to his right to avoid Craig. They bumped into each other. This example illustrates the concept of coordination failure and in this case, This idea relates to macroeconomic instability because the economy does not achieve a mutually beneficial equilibrium because there is a lack of coordination of the actions of people and businesses. Coordination failure can be regarded as failure that takes place as a result of group of firms want to achieve a more desirable equilibrium, but resulted to failure as a result of their decision making not been coordinated
Honesty and working hard.
False. think about x-rays and radio graphs if we didn't have these a lot of people would die because of these life saving technology
<span>An fragmented industry is one that is characterized by a large number of firms of approximately equal size. fragmented industry is the large of the share and market to be able to influence the industry direction. fragmented industry in individual owner and individual business are used.</span>
