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Ivenika [448]
4 years ago
13

Why does price discrimination improve the efficiency of the market compared to monopoly or monopolistic competition?

Business
1 answer:
svetoff [14.1K]4 years ago
6 0
Why does price discrimination improve the efficiency of the market compared to monopoly or monopolistic competition? P<span>erfect price discrimination allows us to be at a point where MC = D. Monopolistic competition equals demand for the product in the equation above. Because price discrimination relates to the price of an item changing based on the demand for it, it is ideal for demand to align with the market competition. 
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Char Lynn walked into an Anthropologie store for the first time and was captivated by the artistry displayed in the store. She e
Marina86 [1]

Answer:

layout and atmosphere

Explanation:

Char Lynn on everything Anthropologie store was captivated by the artistry. This is an atmospheric component of the store that is captivating and attractive to customers.

She was also able to easily navigate every nook and cranny exploring the various products on display. This is an element of the store that falls under layout.

Stores that have appealing atmosphere easily attract customers, and shopping is an enjoyable experience if the layout is easy to understand and use.

5 0
3 years ago
A major casual dining chain decided to install tablet computers at the booths in their restaurants. Customers can now browse the
neonofarm [45]

<u>Answer:</u> They can best be classified as structurally unemployed.

<u>Explanation:</u>

Unemployment which has resulted because of the change in technology that is implemented in a business can be called as the structural unemployment. The skills demanded by the employers differs from the skills offered by the workers.

The casual dining has replaced the employees with tablets which is cost beneficial for the business. The employees who have lost their jobs due to technological change at workplace is called as structural unemployment. Here the casual dining is said to have industrial reorganization for various benefits.

3 0
4 years ago
Blago Wholesale Company began operations on January 1, 20X1, and uses the average cost method in costing its inventory. Manageme
Shkiper50 [21]

Answer:

net income for 20x2 is $220,000

Explanation:

if the company changes to the FIFO method, the adjusting entry should be:

Dr Inventory 15,000

    Cr Cost of goods sold 15,000

This means that COGS will decrease by $15,000.

20x2 income statement

Sales                              $1,200,000

Cost of goods sold        <u>($705,000)</u>

Gross profit                     $495,000

S&A expenses               <u>($275,000)</u>

Net income                     $220,000

6 0
3 years ago
Allocative inefficiency due to unregulated monopoly is characterized by the condition:____.
Lerok [7]

Allocative inefficiency due to unregulated monopoly is characterized by the condition: P>MC.

Allocative inefficiency happens whilst the purchaser does no longer pay a green price. A green charge is one that just covers the costs of manufacturing incurred in supplying the good or provider. Allocative efficiency occurs while the company's fee, P, equals the greater (marginal) cost of delivery, MC

Monopolies can boom fees above the marginal fee of manufacturing and are allocative inefficient. that is because monopolies have marketplace strength and may boom rate to reduce client surplus.

Allocative efficiency occurs while consumer demand is completely met by means of supply. In other words, organizations are presenting the precise supply that clients want. For an instance, a baker has 10 customers trying an iced doughnut. The baker had made exactly 10 that morning – that means there's an allocative performance.

Learn more about Allocative efficiency  here:

brainly.com/question/14471969

#SPJ4

7 0
2 years ago
Carey Company buys land for $50,000 on 12/31/14. As of 3/31/15, the land has appreciated in value to $50,700. On 12/31/15, the l
sweet-ann [11.9K]

Answer:

$0

Explanation:

There is no reason why Carey Company should increase their land account in 2015. As long as the company owns the land they should not modify the land account, since land doesn't depreciate. Even if they build something new on the land site, that will increase the land improvements account or buildings account, not the land account.

If they decide to sell the land then the original purchase value will serve as the basis for calculating capital gains taxes.

3 0
3 years ago
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