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3 years ago

What criteria does a company have to meet to be considered a monopoly?

2 answers:

5 0

well it can considered it by Monopolies can be considered an extreme result of free-market "Monopoly" can also be used to mean the entity that has total or near-total control of a market. barriers to entry that only hope this helps :)

Katyanochek1 [597]3 years ago

3 0

A monopoly refers to a sector or industry dominated by one corporation, firm or entity. Monopolies can be considered an extreme result of free-market capitalism in that absent any restriction or restraints, a single company or group becomes large enough to own all or nearly all of the market (goods, supplies, commodities, infrastructure and assets) for a particular type of product or service. Antitrust laws and regulations are put in place to discourage monopolistic operations – protecting consumers, prohibiting practices that restrain trade and ensuring a marketplace remains open and competitive. "Monopoly" can also be used to mean the entity that has total or near-total control of a market.

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Which of the following statements can be used to explain the growth of international business? a. Many countries in Europe and A

Trava [24]

Answer:

a. Many countries in Europe and Asia were devastated after World War II and had to be rebuilt.

Explanation:

a) after WWII the US emerge as world leader taking the place of the UK and trade betwene Europe and Asia making post in the US improved global trade.

b) The postwar boom increased demand for product.

c) The cultural traditions did changge but not in that direction the world divided into Communinst and Capitalism

d) No, they weren't at all. Even Britain who didn't suffer land invasion has the south coast in ruins as a resutl of the aereal battle of brittian.

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3 years ago

To conduct an experiment, a movie theater increased movie ticket prices from $9 to $10 and measured the change in ticket sales.

AleksandrR [38]

Answer:

1. The elasticity of demand for movie tickets must be INELASTIC.

2. Demand curves become LESS elastic in the long run. This means that the ticket price increase will likely be MORE profitable in the long run.

Explanation:

1. As demand is inelastic, the percentage of price increase will be greater than the decrease in the quantity of tickets demanded, and consequently profit will increase.

2. In the long term, demand becomes inelastic. Consequently, in the long term the percentage of the price increase will continue to be greater than the percentage of decrease in the quantity of tickets demanded.

7 0

3 years ago

Chandler Kumar owns two antique stores. One is in an upscale neighborhood, and its merchandise is artfully arranged and priced t

Sav [38]

Answer: targeting

Explanation: In simple words, targeting strategies refers to the strategy involving the selection of potential customers and product that will be offered to those customers.

In the given case, Chandler is doing a minor change in the presentation of the goods offered so that he can target different type of customers. In the first store he is trying to target the high value customers by arranging the goods in a sophisticated manner and in the second one he is targeting the common customer.

Hence from the above we can conclude that Kumar is using different targeting strategies.

8 0

3 years ago

Read 2 more answers

What are business letters

vichka [17]

Professional letters for business

8 0

3 years ago

Many employers are wary of giving references for which of the following reasons? They suck up resources and energy from manageme

KIM [24]

Answer:

The most accurate answer is *They fear that if they give a positive reference for someone who doesn't work out in a new job, they may be sued by that person's new employer.

Explanation:

Giving a reference of an employees character, professional and ethical behavior, productivity and integrity is a great responsibility and not just a mere simple act.

this is mainly because the references are a main way to assess the suitability of hiring an employee and if we give an incorrect reference, the other firm might rely on it and hire an ineffective employee.

6 0

3 years ago