Suppose that this pure monopoly is subjected to a regulatory commission. if the commission seeks to achieve the most efficient allocation of resources for this industry, it should set the price at <u>P2</u>.
A monopoly is a scenario in which there is a single vendor in the market. In traditional financial evaluation, the monopoly case is taken as the polar contrary of ideal competition. with the aid of definition, the call for a curve going through the monopolist is the industry call for the curve that is downward sloping.
A marketplace shape is characterized by a single supplier, selling a completely unique product inside the marketplace. In a monopoly marketplace, the vendor faces no opposition, as he's the sole seller of goods with no close substitute.
A monopoly is a market structure that includes an unmarried vendor who has special management over a commodity or provider. The phrase mono way unmarried or one and the prefix pole in reveals its roots in Greek, meaning “to sell”. Consequently, the word monopoly literally translates to a single supplier.
Learn more about monopoly here: brainly.com/question/13113415
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The first thing Garrett should do is to "identify issues that need to be addressed."
<u>Explanation:</u>
The selling, distribution and promotion of alcoholic beverages includes consumer protection information, health hazards, and environmental factors. And Garrett would just get that from the appropriate stakeholders such as regulatory bodies. Garrett must therefore first collect information and classify the interested parties.
Garret should also go through all the legal and mandatory channels which are needed to be crossed before entering into such a beer distributorship business program. For an instance like asking license number, GST number, affidavit regarding any future consequence which may result into some loss, etc.
Answer:
D)ethical domain
Explanation:
Ethical domain can be regarded as behavioural domains that address right or wrong conducts. Ethical domain extends on domains such as reason, the consequences as well as the action taken.
Therefore in the case of this Commercial advertising campaigns as described in the question, The decision to deliberately obscure potentially important information is best described as being in ethical domain
Answer:
This question is incomplete, the options are missing. The options are the following:
a) The value of the product
b) The role of social media
c) The complexity of the product
d) The number of potential customers
And the correct answer is the option C: The complexity of the product.
Explanation:
To begin with, in the area of marketing when it comes to designing and developing a strategy for the company's campaign the for "Ps" are the essentials matter to have in mind. One of them, the "P" for promotion focus on the "how" to sell the product to the target audience and that matter the expertise find varies ways to do it. The personal selling is one of them and in this case actually the most appropiate one due to the complexity of the product that is being sold. Michael is right because this strategy allows the representative, who is an expertise in the product itself, to explain every little detail of the good and how it will adjust to every situation and more. So in order to accomplish the comfort of the client, the presence of the sale's agent is necessary and helpful in this case.
Answer:
It's c.
Explanation:
Program Evaluation and Review Technique (PERT) is a method used in program management. It analyzes the time required to complete each task in a project and so tries to determine the minimum time to complete a project. It was developed by the US Navy in 1957.
In PERT analysis:
- there are 3 time estimates for every activity: optimistic, pessimistic, and most likely
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you have to find the Critical Path. The Critical Path is the longest path of scheduled activities that must be met in order to execute a project. It is important to know because any problems on the critical path can prevent a project from moving forward and be delayed. Therefore only critical activities can contribute to the project variance.
