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3 years ago

In three to four sentences, explain why prices decrease when the market moves from a monopoly to perfect competition?

2 answers:

7 0

When a company has a monopoly on a product, there is no other competition so that producer can price the product however high they want. When there is competition, the product must be priced appropriately or the consumer will go to another option. Additionally, monopolies can result is a lesser quality product.

Readme [11.4K]3 years ago

5 0

Answer:

Prices will decrease when a market moves from a monopoly to a perfect competition mostly due to the fact that different providers of goods will try to outbid the other providers and will for that reason try to provide lower prices; to attract more customers.

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Explain which of the 5 Management Functions is your strength and weakness? Planning, Organizing, Staffing, Implementing, and Org

Aleonysh [2.5K]

Planning is one of my strengths, but it does depend on ones ability to get things together, and be fast and com up with things in the spot , it is a powerful and important duty to uphold , but definitely one of my strengths

One of my weaknesses is organizing , keeping things in there order is not a specialty of mine although I do like it when things are where they are supposed to be, but me personally I don’t find organizing to be one of the most important things

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2 years ago

For years 2010 to 2015, the computers produced and shipped in highest quantity were _____. (note: all the choices represent a ki

ArbitrLikvidat [17]

The answer to this question is Smartphones.
Smartphones have taken over the market all over the world during that period due to the flexibility of their usage.
It's held the capability to do almost any casual technology user do, which pretty much change the course of overall human behavior.

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2 years ago

Summary financial information for Paragon Company is as follows. Dec. 31, 2014 Dec. 31, 2013 Current assets $ 203,600 $ 254,000

beks73 [17]

Answer:

Current assets:

Amount = 2014 value - 2013 value

= $203,600 - $254,000

= -($50,400) (Negative)

percentage changes = $\frac{Amount}{2013\ value}\times100$

= $\frac{50,400}{254,000}\times100$

= (19.84)%

Plant assets:

Amount = 2014 value - 2013 value

= $1,397,000 - $831,700

= $565,300

percentage changes = $\frac{Amount}{2013\ value}\times100$

= $\frac{565,300}{831,700}\times100$

= 67.96%

Total assets:

Amount = 2014 value - 2013 value

= $1,600,600 - $1,085,700

= $514,900

percentage changes = $\frac{Amount}{2013\ value}\times100$

= $\frac{514,900}{1,085,700}\times100$

= 47.42%

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2 years ago

2. Which of the following is most likely to raise a significant ethical issue? (select one).

zhannawk [14.2K]

Answer:

A Business School student looking at changes in structures of Small and Medium Sized Enterprises (SMEs) using publicly available information

Explanation:

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2 years ago

Sunland Corporation purchased a limited-life intangible asset for $468000 on May 1, 2019. It has a useful life of 10 years. What

Jobisdone [24]

Answer: $124800

Explanation:

First, we have to calculate the ammortization expense which will be:

= $468000 / 10

= $46800

May 2019 = ($46800 × 8/12)

= $31200

December 2020 = $46800

December 2021 = $46800

Ammortization expense will now be:

= $31200 + $46800 + $46800

= $124800

8 0

2 years ago