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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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Why it is important for alsa management to understand the importance of social media for their work
alina1380 [7]

Answer: It is significant for the ALSA supervisory group to comprehend the significance of online media in their work since they had their best pledge drive because of web-based media. ... The ALSA supervisory crew likewise comprehended that the effect of rehashing the occasion one year from now would not be the equivalent.

Explanation:

3 0
3 years ago
Select the incorrect statement regarding costs and expenses.Multiple ChoiceExpenses are incurred when assets are used to generat
d1i1m1o1n [39]

Answer:

Manufacturing-related production costs are initially recorded as expenses

Explanation:

Cost is defined as an amount that has to be paid or spent to buy or obtain something. Cost can be specific, like, "What is the cost of a particular product?" or it can be a penalty, like consider the cost of missing the event.

Expenses sounds similar to that of cost: an amount of money that must be spent especially regularly ro pay for something.

Manufacturing cost are considered to as those that are spent to transform materials into finished goods. Manufacturing costs include direct materials, direct labor, and factory overhead.

Manufacturing cost are also known as factory cost or production cost

3 0
3 years ago
Read 2 more answers
What statement about pawn shops is correct?
Gnom [1K]
The correct answer for the question that is being presented above is this one: "B. A pawn shop has lower interest rates than banks." The statement about a pawn shop that is correct is this one: <span>B. A pawn shop has lower interest rates than banks.</span>
6 0
3 years ago
Under the Uniform Securities Act, which of the following negates a client's right to a civil suit for damages?
mart [117]

Answer:

C) I only.

Explanation:

According to the Uniform Securities Act, A civil case underneath the provisions of the United States must be filed in 3 years of the alleged infringement, or 2 years from the detection of the breach, whatever comes first.

Also, The passing of the consultant or the client doesn't really eliminate a civil liability prima facie case. Waivers to statements agreed to sign by the customer waiving adherence by the consultant with the provisions of this act on which the suit is focused aren't ever legitimate on the examination.

Therefore the option i is correct

8 0
3 years ago
A savings account is useful for all of the following purposes EXCEPT…
Setler79 [48]

Answer:

D

Explanation:

5 0
2 years ago
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