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svetlana [45]
3 years ago
13

Suppose that Bieber and Rihanna are duopolists in the music industry. In May, they agree to work together as a monopolist, charg

ing the monopoly price for their music and producing the monopoly quantity of songs. By June, each singer is considering breaking the agreement. What would you expect to happen next?
A. Bieber and Rihanna will determine that it is in each singer's self interest to maintain the agreement.

B. Bieber and Rihanna will each break the agreement. Both singers' profits will decrease.

C. Bieber and Rihanna will each break the agreement. Both singers' profits will increase.

D. Bieber and Rihanna will each break the agreement. The new equilibrium quantity of songs will increase, and the new equilibrium price also will increase.
Business
1 answer:
RoseWind [281]3 years ago
6 0

Answer:

The correct answer is B. Bieber and Rihanna will each break the agreement. Both singers' profits will decrease.

Explanation:

Most likely, their earnings will decrease, because they will have to do their job independently. In the same way, the public will not hire or accept them in the same way as before. You need to get used to this new decision in order to have a better approval.

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Give examples of B2C,B2B,C2C and social,mobile and local e-commerce besides those listed in the book
ankoles [38]

<u>Explanation:</u>

Full meaning of acronyms:

  • B2C = Business to Consumer.
  • B2B = Business to Business.
  • C2C = Consumer to Consumer.

Business to Consumer: This involves businesses that directly deal (sell to) with consumers. For example, Amazon, etc.

Business to Business: These businesses directly service or sell to other businesses, not to the final consumer. For example, Microsoft and Intel (in this case Intel sells its microchips to Microsoft).

Consumer to Consumer: These business transactions are carried between consumers only. For example, Craigslist website.

7 0
3 years ago
The consumer price index is the A. average of the prices of the goods and services purchased by a typical urban family of four.
Ratling [72]

Answer:

The most viable answer is Option A.

Because CPI deals with changes in price level of average market basket of consumer goods purchased by households.

7 0
3 years ago
Nursing home kitchens, corporate employee lunchrooms, and state park concession stands are all examples of? A. noncommercial foo
Basile [38]

Answer:

D

Explanation:

D because you have to keep up with demand

3 0
4 years ago
Nanometrics, Inc. has a beta of 3.15. If the market return is expected to be 10 percent and the risk-free rate is 3.5 percent, w
OLga [1]

Answer:

23.975%

Explanation:

Calculation for Nanometrics required return

Using this formula

Required return = Risk free rate + (Beta*(Market rate - Risk free rate))

Where,

Risk free rate =3.5%

Beta=3.15%

Market rate =10%

Let plug in the formula

Required return = 3.5% +(3.15*(10%-3.5%)

Required return = 3.5% +(3.15*6.5%)

Required return = 3.5% + 20.475%

Required return = 23.975%

Therefore Nanometrics required return will be 23.975%

3 0
3 years ago
On June 1, the company paid $1,200 in advance for 12 months of rent, with the rental period beginning on June 1. This $1,200 was
mezya [45]

Answer:

Debit to Rent Expense for $700

Explanation:

When the company paid $1,200 in advance for 12 months of rent, the monthly amount is $100 [$1,200 ÷ 12 months]. After seven months have passed, the prepaid rent that has expired is $700 [$100 × 7 months].

When the rent was prepaid, the resulting journal entry was:

(DR) Prepaid Rent, $1,200

(CR) Cash, $1,200

To expire seven months of prepaid rent, the resulting journal entry is:

(DR) Rent Expense, $700

(CR) Prepaid Rent, $700

8 0
3 years ago
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