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N76 [4]
3 years ago
6

Assume that an industry that began as a perfectly competitive industry becomes a monopoly. Compared to when the industry was per

fectly​ competitive, the monopolist will:______.
Business
1 answer:
Wittaler [7]3 years ago
5 0

Answer:

Charge a higher price and produce less output

Explanation:

A monopolistic markets imeans that there is the absence of other suppliers of the same product or service, making them the sole market of the product or service. This can make them charge a premium to their customers. Consumers have no alternatives of options  and are forced to pay the price for the goods dictated by the monopolist. ITherd is a tendency for the monopolist to make prices high high prices, it may not necessarily be a monopolistic behavior.

A monopolistic market can restricts output to raise the price leading to less production, which reduces total real social income.

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Dave is a salaried employee who works in a gas station. He only earns from his job and has no other source of income. He gets a
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In my opinion the most suitable answer is E. increase his sources of income to show a rise in his income after taxes

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(Fueron/Eran) las doce. Question 2 with 1 blank (Hubo/Había) mucha gente en la calle. Question 3 with 1 blankA las doce y media,
VARVARA [1.3K]

Answer:

Explanation: Eran las doce.  

Había mucha gente en la calle.  

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El camarero llegó inmediatamente con el menú.  

Nosotros empezábamos a leerlo.  

Yo pedí el pescado.  

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Y nos (dio una mala noticia.  

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5 0
3 years ago
Read 2 more answers
The PTA is holding a raffle. The prize is a camera worth $200. Each raffle ticket costs $5. One hundred tickets are sold and a w
Illusion [34]

Expected value of the purchase of a ticket would be $3.00.

<u>Explanation</u>:

Given,  

Raffle ticket costs = $5.00.  

The prize = $200.  

One hundred tickets are sold = 100 × 5  

                                                  = $500.00  

champ is drawn and given the prize of worth $200.  

                           $500 - $200 = $300  

So the normal estimation of the bought ticket = $3.00  

The expected estimation of the acquisition of a ticket would be $3.00.

   

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3 years ago
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