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3 years ago

Complete the following sentence. When the long run average cost (LRAC) curve has a positive slope, it implies there are:

Business

1 answer:

Andreas93 [3]3 years ago

4 0

Answer:

It implies there are diseconomies of scale.

Explanation:

It implies there are diseconomies of scale in the industry

Because as the quantity of units output increase, the cost also increase. While in economies of scale, the slope for the LRAC will be negative, as each increase in output lowers the cost.

When this occurs, there is a lower change of monopoly in the industry, as the larger firm also faces the larger cost, so the supply tend to be more diverse.

While a, indifined negative slope will generate monopolies as their cost become lower at gerater the output.

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HELP ASAP In which situation would government regulation most likely be necessary?

ozzi

Answer:

Explanation:

A factory requires employees to work in unsafe conditions.

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3 years ago

Economics: A group of competitors who work in unison to control the supply and price of their product is called a

7nadin3 [17]

Answer:

cartel

Explanation:

A "cartel" is a group of competitors or market participants who are independent from each other. They work in unison by cooperating secretly in an unlawful way so they can control the supply and price of their products. In this way, they can dominate the market.

Such type of alliance with rivals have existed since the ancient times. It increased following World War I, but started declining after World War II.

So, this explains the answer.

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4 years ago

What happens to the matter and energy in fossil fuels when the fuels are burned? Help

Tatiana [17]

The fuel is exposed to heat and oxygen and it burns producing byproducts and heat. The heat is ultimately often used in an engine to reduce motion for transportation some other form of mechanical motion or Electricity

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3 years ago

That afternoon, you meet with the owners privately to discuss the data you received. Which of the factors analyzed do you think

Kazeer [188]

Answer:

From the information from the remaining part of the question. The factor that would affect the success or failure of Caffè Gustoso is the Cultural factor.

Explanation:

Caffè Gustoso an Italian word meaning "Tasty coffee". This tells us that the firm is in the food and beverage industry.

Each of the countries mentioned are found in different continents having diverse cultures.

Key to their success is to know the culture of these countries as regards to coffee.

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3 years ago

The demand for emeralds tends to be very elastic. This is because emeralds are more of a _____________. It also means that a 33%

Natalka [10]

Answer:

C) luxury item, an increase

Explanation:

Price elasticity of demand measures the responsiveness of quantity demanded to changes in price.

An elastic demand means a small change in price leads to a greater change in quantity demanded.

A luxury good is a good that isn't a necessity. They are usually bought as a status symbol.

Luxury goods usually have elastic demands.

Emeralds are luxury goods and if there's a fall in price of emeralds the quantity demanded of emeralds would rise.

I hope my answer helps you

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3 years ago