Answer:
Natural monopoly
Explanation:
A natural monopoly refers to a type of monopoly that occurs when the start-up costs or infrastructural costs are high or economies of scale in an industry are very powerful in such a way that only the largest supplier in the industry which is usually the first supplier in the market has a great advantage over potential competitors and therefore becomes the only supplier in the industry.
On the long-run average cost (LRAC) curve, a natural monopoly exists when the quantity demanded is less than the minimum quantity that is required to be at the bottom of the LRAC curve.
Therefore, a <u>natural monopoly</u> exists when the quantity demanded in the market is less than the quantity at the bottom of the long-run average cost curve.
The correct answer is option (a) True
The statement is True From both a legal and ethical standpoint, you have an obligation to pay for credit purchases.
- Ethics can be characterized as a set of ethical standards or rules of conduct that give direction for our behavior when it influences others.
- Broadly recognized essential moral standards incorporate genuineness, reasonableness, constancy, and care and regard for others. Moral conduct takes after those standards and equalizations self-interest with both the coordinate and the backhanded results of that behavior for other people.
- Not as it were does unscrupulous behavior by people have genuine individual consequences—ranging from work misfortune and reputational harm to fines and indeed jail—but deceptive conduct from advertise members, speculation experts, and those who benefit financial specialists can harm financial specialist believe and subsequently impede the supportability of the worldwide capital markets as a entirety.
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In a financial service transaction, it is required the customer provides a valid form of photo identification (true), it is not possible to proceed without an identification (false), and the real physical address of the customer is required (true).
A financial service transaction is a service that allows customers to send money or receive money. This service has become quite popular in the last years, and many banks around the world offer it.
Moreover, there are specific rules and protocols for financial transactions as identity theft and fraud are possible. These rules include:
- Asking customers for a valid form of photo identification such as showing their ID to prove the identity of the customer
- Asking the customer for his ID and refusing to continue with the transaction if the ID is not shown or the customer refuses to give necessary information to validate his/her identity
- Asking for the physical address of the customer and not accepting a general address or a post office box address
Based on this, the first statement is true, the second one is false and the third one is true.
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If Ida, jerzy, and kit are the directors of liberty convenience stores, inc. liberty has nine officers and forty-six shareholders, payment of dividend is ordered by the firm’s board of directors.
Given that liberty has nine officers and forty six shareholders.
We are required to give the order of payment of dividend.
Dividend means a reward, cash or otherwise, that a company gives to its shareholders.Dividend of a company is decided by its board of directors and it requires the shareholders' approval.
Because dividend are distributed first paid to the shareholders ,the order will be board of directors and then some other officers.
Hence if Ida, jerzy, and kit are the directors of liberty convenience stores, inc. liberty has nine officers and forty-six shareholders,the payment of dividend is ordered by the firm’s board of directors.
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Answer:
3363 cups of coffee
Explanation:
Given that the average selling price of a cup of coffee is $1.49 and the avergage variable expense per cup is $0.36 and average fixed expense per month is $1,300
The target profit is the difference between the total selling price and the total cost.
Let the number of units to be sold to make a target profits of $2,500 be T
The total cost will be
= 0.36T + 1300
The total sales
= 1.49T
Hence
1.49T - 0.36T - 1300 = 2500
1.13T = 2500 + 1300
1.13T = 3800
T = 3800/1.13
= 3362.83
Hence the company must sell about 3363 cups of coffee to make the target profit