A monopolist can produce at a constant average (and marginal<span>) </span>cost of<span> AC = MC = $5</span>
Answer:
<u>Letter B is correct</u>. Will be reduced.
Explanation:
In this case, Arthur's taxes will be reduced. This situation happens according to some legal criteria. Arthur is a sole proprietor of his business, and since he has had significant losses tied to his business, he has the right to reduce personal expenses on such losses by subtracting this cost from his tax obligations.
Answer:
is a feature of a product or service on which customer places a greater value than they do on similar offerings from competitors.
Explanation:
Competitive advantage can be defined as conditions, factors or circumstances that allow a business firm (organization) to manufacture finished goods or services better and perhaps cheaper than other (rival) firms in the same industry. Thus, it's responsible for putting a business firm in a superior or more favorable position than rival firms.
This ultimately implies that, a competitive advantage has a significant impact on a business because it increases its level of sales, revenue generation and profit margin when compared to rival firms in the same industry.
In conclusion, competitive advantage is a feature that makes a customer to place a greater value on the product or service of a particular company than they do on similar products or services from its competitors (rivals) in the same industry.
Answer:
b. Market share ratio
Explanation:
When the sizes of firms of a particular sector/market are being compared, a common basis for comparison is on the basis of total sales, a larger firm will have a higher ratio of total sales in the sector.
The "concentration ratio" is derived from the market shares. It gives the sum of market shares of the few largest firms in the sector, and is a measure of market power. It is not the correct choice in this case.
