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Kisachek [45]
3 years ago
13

The profit maximizing behavior of a monopoly is different from that of a perfectly competitive firm in that a monopoly can Quest

ion 1 options: A) control the position of its demand schedule, but a competitive firm cannot. B) only choose the desired output, while a competitive firm can control only price. C) only choose the desired price, while a competitive firm can control only output. D) control the desired price and output to maximize profits, but a perfectly competitive firm can only choose the desired output.
Business
1 answer:
Lelechka [254]3 years ago
7 0

Answer:

D) control the desired price and output to maximize profits, but a perfectly competitive firm can only choose the desired output.

Explanation:

Firms competing in perfectly competitive markets are price takers, meaning that they cannot set the price of their products or services, but monopolists can actually set the price of their products or services because their market power is high enough to do so. Also, a monopolist can choose to lower or increase its output depending on the resulting profits.

This excessive market power is the reason why natural monopolies are usually regulated by the governments and many monopolistic firms are forced to split into smaller firms that compete against each other.

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A company's December 31 work sheet for the current period appears below. Based on the information provided, what is net income f
lbvjy [14]

Answer:

Net income for the current period is $2,350.

Explanation:

Calculation of Net Income for the Current Period.

                                                                    $               $

Fees earned                                                             7,250

Less Expenses :

Rent expense                                           1,300

Salaries expense                                     2,300

Utilities expense                                         345

Insurance expense                                    650

Supplies expense                                        115

Depreciation expense—equipment          190   (4,900)

Net Income / (Loss)                                              2,350

3 0
2 years ago
When money is acting as a store of value, it allows an individual toA. exchange goods for other goods and services in the econom
Ne4ueva [31]

Answer:

The answer is (B) transfer dollars, and therefore purchasing power, into the future.  

Explanation:

A store of value is best described as a function contained in an asset that allows it to be saved, retrieved, and traded in the future. Money provides this function, alongside other forms of assets such as bonds, gemstones, and precious metals. Other functions of money, include as a medium of exchange and a unit of account.  

5 0
3 years ago
She never drink change into how often​
oksano4ka [1.4K]
Nmskkkqkokswkkijnw!!!! Yes
8 0
3 years ago
Read 2 more answers
Suggest the appropriate functional forms for the relationships between the following variables, and explain your reasoning, keep
Evgesh-ka [11]

Answer:

B is you answer

Explanation:

5 0
2 years ago
Amram Inc. can issue a 20-year bond with a 6% annual coupon at par. This bond is not convertible, not callable, and has no sinki
Reil [10]

Answer:

B) The coupon rate could be less than, equal to, or greater than 6%, depending on the specific terms set, but in the real world the convertible feature would probably cause the coupon rate to be less than 6%.

Explanation:

Amram Inc. is issuing two bonds, one is not convertible and the other one is convertible and callable. Regardless of the coupon rate that they plan to set, convertible and callable bonds will usually (almost always) have a coupon rate that is lower than non-convertible or non-callable bonds.

Convertible bonds are bonds that can be converted or exchanged to common stock. Since convertible bonds offer more investment options, their risk is lower than non-convertible bonds.

Callable bonds is a bond that can be redeemed before the maturity date.

7 0
3 years ago
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