Answer: is a seller that has the ability to control to some degree the price of the product it sells.
Explanation:
A price maker is a firm with the ability to influence the market price of its goods or services.
Features of a price makers
1. They are usually monopolies
2. They have a downward-sloping demand curve
3 The goods they produce do not have perfect substitutes,
Answer:
Increase in income= $19,200
Explanation:
Giving the following information:
Clyde Corporation's variable expenses are 40% of sales. Clyde Corporation is contemplating an advertising campaign that will cost $27,000.
Increase in income= increase in sales - increase in variable cost - marketing campaign
Increase in income= 77,000 - (77,000*0.40) - 27,000= $19,200
Answer:
Financial institutions such as mutual funds and pension funds that control a large block of shareholders position.
Explanation:
Institutional ownership can be defined as the quantity of stock that is being owned by large bodies such as investment firms, mutual funds, investment banks, insurance companies. These different bodies are responsible for the management of different funds for other entities.
A lot of different institutional investors can own a large amount of shares, therefore if an institution decides to sell, it will have a huge effect on a lot of individual shareholders.
What happens in a perfectly competitive industry when economic profit is greater than zero?
The answer is all of the above. If a perfectly competitive industry has economic profit greater than zero then existing firms may expand their operations, firms may move along their LRAC curves to new outputs, there may be pressure on the market price to fall and new firms may enter the industry.
A perfectly competitive market is a hypothetical market where competition is at the highest level. Economists that study perfect competition state that this would be the best outcome of a market for consumers and society because each group would be evenly competing for consumers.
Ikea asked for the help of its customers in designing new furniture. this is an example of crowdsourcing.
Crowdsourcing involves obtaining work or information or opinions from a large group of people who could submit their data through internet, social media, and smartphone apps.
People who are involved in crowdsourcing sometimes work as paid freelancers however others may perform small tasks voluntarily.
For example, traffic apps like waze encourages different drivers to report the accidents and other roadway incidents to provide real-time and updated information to app users.
To know more about crowdsourcing here:
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