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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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Marcus sells washing machines from his store on a main street in his city. He normally sells ten washing machines a month. He ha

lora16 [44]

Answer:

Demand for a product is not necessarily increased just because there is a greater supply, in addition, based on his sales, he has no doubt reached the equilibrium price.

Explanation:

The law of supply and demand is the basic principle on which a market economy is based. This principle reflects the relationship between the demand for a product and the quantity offered of that product taking into account the price at which Sell the product.

Thus, depending on the price in the market of a good, the bidders are willing to manufacture a certain number of that good. Like the plaintiffs they are willing to buy a certain number of that good, depending on the price. The point where there is a balance because the plaintiffs are willing to buy the same units that the bidders want to manufacture, for the same price, is called the market equilibrium or breakeven point.

According to this theory, the law of demand establishes that, keeping everything else constant (ceteris paribus), the quantity demanded of a good decreases when the price of that good increases. On the other hand, the law of supply indicates that, keeping everything else constant (ceteris paribus), the quantity offered of a good increases when its price does.

3 0

3 years ago

If the expected sales volume for the current period is 25,000 units, the desired ending inventory is 700 units, and the beginnin

cluponka [151]

Answer:

Production= 25,250 units

Explanation:

Giving the following information:

Sales= 25,000 units

ending inventory= 700 units

beginning inventory= 450 units

To calculate the required production for the period, we need to use the following formula:

Production= sales + desired ending inventory - beginning inventory

Production= 25,000 + 700 - 450

Production= 25,250 units

6 0

3 years ago

Morgan Corporation purchased a depreciable asset for $600,000 on January 1, 2018. The estimated salvage value is $60,000, and th

KatRina [158]

Answer:

Annual depreciation= $165,000

Explanation:

First, we need to calculate the accumulated depreciation at the end of 2020:

Annual depreciation= (original cost - salvage value)/estimated life (years)

Annual depreciation= (600,000 - 60,000) / 9

Annual depreciation= $60,000

Three full depreciable years have passed.

Accumulated depreciation= 60,000*3= $180,000

Now, the annual depreciation with the revised information:

Book value= 600,000 - 180,000= $420,000

The useful life remaining is two years.

Annual depreciation= (420,000 - 90,000) / 2

Annual depreciation= $165,000

8 0

3 years ago

Accountants consider only explicit costs when measuring accounting profit. Accountants ignore implicit costs because

TiliK225 [7]

Answer:

are not egarded to their sector

Explanation:

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3 0

3 years ago

Both the Onus ferry operator in the monopoly market and each of the Yuri ferry operators in the perfectly competitive market wil

defon

Answer:

The overview of the given statement is described in the explanation segment below.

Explanation:

Monopoly Market:

The demand curve or market price towards the firm was indeed sloping downhill. MR is also below P and AR.
Therefore, when earnings are maximized, whereby MR = MC has been used. Price is therefore above MR (Marginal Revenue).

Perfectly Competitive Market:

The price shall be calculated whenever market forces are equivalent.
The firm seems to be the fixed price and therefore the individual company market price becomes horizontal.

Thus,

⇒ $AR=P =MR$

Hence,

⇒ $P = MR$

6 0

3 years ago