Price discrimination is a rational strategy for a profit-maximizing monopolist where a monopolist is a price taker.
<h3>What is monopoly?</h3>
A monopoly is a dominant position of an industry or a sector by one company, to the point of excluding all other viable competitors. Monopolies are dangerous because they can become immensely powerful and use this power to further benefit themselves and gain even more power. A monopolist can raise the price of a product without worrying about the actions of competitors. In a perfectly competitive market, if a firm raises the price of its products, it will usually lose market share as buyers move to other sellers.
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11. Correct answer choice is:
Physical capital
Explanation:
In economic science, physical capital refers to an element of production (or input into the method of production), like machinery, buildings, or computers. In economic theory, physical capital is one in all the 3 primary factors of production, additionally referred to as inputs production function. Most significant, as corporations invest in physical capital, the whole country edges. The bigger productivity ensuing from investment in physical capital ends up in the economic process and therefore the potential for a better customary of living.
12: Correct answer choice is:
How should it be ensured that goods and services are paid for?
Explanation:
This is not an economics question, rather it's about the business owners' dealing related to the money recovery of their products. Economics only deals with how whom, and when to produce any product. It's not their concern whether the money is paid to the business owners or not.
Answer and Explanation:
The causes of the account to increase and decrease is shown below:-
Account Is increased by Is decreased by
Raw material inventory Material purchased Material used
Work-in-progress
inventory Direct material used Completion of jobs
Direct labor incurred
MOH allocated
Finished goods
inventory Completion of jobs Shipping sold jobs
Cost of goods sold Shipping sold jobs Adjustment for over/under
allocation of OH
Adjustment for over or under
allocation of OH
The above shows the increment and decrement of each item and the same is being considered
Answer:
1. not included in GDP because they do not increase domestic production.
Explanation:
The transfer of stocks is a secondary market operation then the stock have been already included in the GDP previously.
Answer:
The answer is "Option C".
Explanation:
Trend analysis is also an economic concept used to describe a situation wherein the market motion of a service or product, in which a company would be selling is predicted based on data in potential.
Its analysis is based on the current year's revenues, where certain conclusions can be drawn as well as how the company will develop strategies to market this service or product.
