A monopolist has market power because it faces a downward-sloping demand curve for its own output.
A monopolist has market power because he is a price maker and not a price taker.
- A monopolist undergoes a downward-sloping demand curve for its own output.
- When a firm, primarily in a monopoly, increases its market price by decreasing its output, it exerts its price-making abilities.
- As a price maker, a monopoly will always face a downward-sloping demand curve.
- A downward-sloping demand curve indicates that a greater quantity of a commodity would be demanded when the price is lower.
- A monopolist has more leeway in determining the output and prices.
- Since, a monopolist has market power, they determine the price of the commodity, facing a downward-sloping demand curve at all times.
Therefore, a monopolist has market power because it faces a downward-sloping demand curve for its own output.
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Answer:
Value Chain extension
Explanation:
Value chain extension are the series of action plan a company takes to effectively deliver it's goods and services, that ultimately improves it's net profit. Ebay is focused on improving it's service leveraging on customer review and rating. Thus, this will impact positively on Ebay's net earnings.
On what moral basis is a permissive stance toward individual-willed choices and the acceptance of market transactions held to be morally justifiable as an individual's right to privacy and autonomy.
Market Transaction manner a transaction for one or extra products, entered into on a buying and selling Platform or suggested to the marketplace Operator beneath the market running policies.
An open market transaction, for instance, is one where an enterprise insider, that means someone near the operations of that entity, buys or sells stocks of inventory in the organization. other marketplace transactions might follow to promote fairness or debt inside the capital markets or complete a merger or acquisition.
Open marketplace transactions arise while “insiders” purchase or promote shares in their corporation. Insiders, a term frequently used to describe directors or senior officers, personal a big part of an employer's stocks and therefore have a keen hobby in buying or selling shares while lucrative opportunities rise up.
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Answer:
(D). Average product must be rising.
Explanation:
Average product is gotten by dividing the total product of a firm, by the labor quantity (such as the number of workers). This gives the average product per worker.
Marginal product shows the change in total productivity caused by an additional unit of labor (such as a newly hired worker).
If the extra productivity brought about by an additional worker (marginal product) is higher than the average productivity per worker in a firm (the average product), then this marginal productivity, when added to the total, will raise the average productivity of the firm.
This explains why "average product must be rising as long as marginal product is greater than it."
Similarly, once marginal productivity drops below average productivity, then average product starts to decline.
The balance of the manufacturer overhead account is Credit of $30,000, overapplied.
- credit of $30,000, overapplied.
<h3>Underapplied Overhead vs. Overapplied Overhead</h3>
Underapplied overhead is the opposite of overapplied overhead. Overapplied overhead occurs when expenses incurred are actually less than what a company accounts for in its budget. This means that a company comes in under budget and achieves a lower amount of overhead costs during the accounting period.
Therefore, the correct answer is as given above.
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