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Grace [21]
3 years ago
13

A new competitor enters the industry and competes with a second​ firm, which had been a monopolist. the second firm finds that a

lthough demand is not perfectly​ elastic, it is now relatively more elastic. the second​ firm's marginal revenue will be​ _____________ and its​ profit-maximizing price will be​ ___________
Business
1 answer:
olganol [36]3 years ago
3 0
The second firm finds that though demand is not perfectly elastic, it is now comparatively more elastic. The second firm marginal revenue will be more elastic and its profit maximizing price will be lower. A monopolist probably also considers in policies that indulgence monopolies since it gives them greater power. A monopolist has slight incentive to progress their product because customers have no replacements. Instead, the motivation is dedicated on defending the monopoly.
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Aggregate demand is everything produced while simple demand is one good. which statement reflects simple demand?
liq [111]
B because it’s most average
8 0
2 years ago
When Desi was determining which option works best to encourage employee participation when planning important changes, he learne
mylen [45]

Answer:

D) Shared power

Explanation:

Power sharing refers to a situation where a team leader will allow the team members to have decision power and influence within the group. It is a system that distributes power among all members of the team in order to encourage greater participation in the decision making processes.

In this case, Desi considers that sharing power with his staff will encourage them to participate more in the planning process. When an employee feels that his participation is valued, he/she will not be afraid or indifferent to do so.

3 0
3 years ago
A negative externality or spillover cost occurs when Multiple Choice the price of a good exceeds the marginal cost of producing
Mekhanik [1.2K]

A negative externality or spillover cost occurs when  the total cost of producing a good exceeds the costs borne by the producer.

  • Spillover costs, commonly referred to as "negative externalities," are losses or harm that a market transaction results in for a third party. Even though they were not involved in making the initial decision, the third party ultimately pays for the transaction in some way, according to Fundamental Finance.
  • An incident in one country can have a knock-on effect on the economy of another, frequently one that is more dependent on it, known as the spillover effect.
  • Externalities are the names for these advantages and costs of spillover. When a cost spills over, it has a negative externality. When a benefit multiplies, a positive externality happens. Therefore, externalities happen when a transaction's costs or benefits are shared by parties other than the producer or the consumer.

Thus this is the answer.

To learn more about spillover cost, refer: brainly.com/question/2966591

#SPJ4

6 0
2 years ago
Which savings account will earn the most interest?
mestny [16]

Answer:

it would be 10,000 for 4.00% interest for 4 years.

Explanation:

the reason is the amount would turn out at 10,824 dollars and you earned 824 dollars in income.

3 0
2 years ago
If firms in a competitive industry begin to earn profit in the short run, new firms will enter. This will shift the industry a.
xxTIMURxx [149]

Answer:

c. supply curve to the right, meaning market price will fall.

Explanation:

If firms in a competitive market start to make a large profit, more firms will enter that market because they will also want a share of it. As more firms enter the market, total quantity supplied will increase, shifting the supply curve to the right and lowering the equilibrium price.

3 0
3 years ago
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