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posledela
3 years ago
9

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

Business
2 answers:
a_sh-v [17]3 years ago
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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Suggest strategies to succeed in outsourcing its HR services
const2013 [10]

Answer:

The answer is below.

Explanation:

The strategies of a company to succeed in outsourcing its HR services

1. Internal Analysis and Baselining: this involves the cost and value analysis of using internal HR vs Outsourcing HR

2. Understanding Cost vs. Value of HR: knowing what the cost and value of outsourcing entails can go a long way in determining whether it offers the value the company wants

3. Identifying Core Competencies: realizing the competencies of outsourcing HR particularly in the area of competitive advantage of the company.

4. Aligning Technology to Support Operational Objectives: utilization of outsourcing HR technology and operational support ensure the company doesn't cure additional coast

5. Agreeing on Expectations with HR Outsourcer: knowing what to expect and agreed on the outcome of the outsourcing process is one of the key strategies.

6. Addressing and Enforcing Performance Metrics: Also, the expected performance and what is needed to be achieved should be discussed and ensured it is ultimately accomplished.

5 0
2 years ago
Investigations of large multinationals In manufacturing and service sectors reveal that Group of answer choices the 500 largest
goldfiish [28.3K]

Answer:

for most companies, the world's marketplace is triad-based rather than global

Explanation:

Based on investigations of large multinationals in manufacturing and service sectors, it was revealed that most of these companies generate the majority of their revenues within a single region rather than achieving broad and deep penetration of international markets as a whole.

Also, it was concluded that about 80 percent of these firms, generate their worldwide revenues within their home region considered to be a TRIAD of the three largest economic regions of North America, the European Union, and Asia.

Hence, it can be concluded that, Investigations of large multinationals In manufacturing and service sectors reveal that for most companies, the world's marketplace is triad-based rather than global, and this due to factors such as increasing capital intensity, soaring Research & Developmemt costs, converging worldwide consumer tastes and intensifying protectionism

7 0
3 years ago
• What is a “Vocational qualification”? .​
lutik1710 [3]
It’s practical qualifications that basically relate to a specific job or career sector.
5 0
3 years ago
Read 2 more answers
A convertible preferred stock is convertible at $10, pays a 4% annual dividend, is callable at $110, and is trading at a current
Leno4ka [110]

Answer:

$11.60

Explanation:

In ascertaining the parity price of the common stock, we need to ascertain the conversion ratio which is the par price of the preferred stock divided by the convertible price

The par value of the preferred stock=$100(since call price is $110)

convertible price=$10

conversion ratio=$100/$10=10

The parity price is the current market price of the preferred stock divided by the conversion ratio

Parity price=$116/10

Parity price=$11.60

4 0
2 years ago
Economic profits and lossesa. equalize the distribution of income in the long run. b. are essential to the reallocation of resou
MatroZZZ [7]

Answer:

The correct answer is letter "B": are essential to the reallocation of resources from less desired to more desired goods.

Explanation:

Economic profit is the difference between the company's profits from revenue and the overall opportunity cost. The difference between accounting profit and economic profit is significant. Only total revenue minus the explicit cost of producing goods or services is considered to calculate the accounting profit.

The economic profit is called a loss if after subtracting the opportunity costs from revenue the figure is negative. <em>Both profit or losses determine how resources will be allocated in a company prioritizing the more desired goods or those who are needed for the firm's operations.</em>

7 0
3 years ago
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