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natulia [17]
3 years ago
9

The cable company must own a scarce resource. The cable company is experiencing diseconomies of scale. In order for a monopoly t

o exist in this case, the government must have intervened and created it. The cable company is experiencing economies of scale.
Business
2 answers:
Vika [28.1K]3 years ago
3 0

Answer:

It is more efficient on the cost side for one producer to exist in this market rather than a large number of producers.

Explanation:

sladkih [1.3K]3 years ago
3 0

Answer:

Which of the following statements are true about the natural monopoly?

  • The cable company is experiencing economies of scale.

Explanation:

Natural monopolies form when a company experiences economies of scale, and the cost for providing additional units of goods or services is really low compared to the investment required to start operating in the industry. If other firms try to enter the market, their costs will be extremely high and will start to lower only after serving a large share of the market. That is the reason why competition is discouraged.

This applies to many utilities companies, e.g. it is extremely expensive to lay out a water distribution system, but once it is operational, the costs of providing the service is extremely low.

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Suppose Best Buy is the only electronics store in a particular​ market, but RadioShack is thinking about entering the market. Be
Verizon [17]

Answer:

Big buy must sell at large at a smaller price which will give tough time to Radio Shack and this is the threat that RadioShack don't want to bear.

Explanation:

Best Buy will choose large quantity because it helps in satisfying the needs of public at large at a lower price. This will force RadioShack to lower its price which will result in losses and this fear of losses will act as a enterance deterent. Though the profit on this strategy is lower but it will safeguard future revenues as RadioShack will not enter the market or get defeated very quickly.

4 0
3 years ago
A price ceiling is the lowest price a seller can charge without losing all of its customers. a legal minimum price below which a
zavuch27 [327]
The answer would be a legal price above which a good/service cannot be sold at.

6 0
3 years ago
A golf course is mostly likely to be closed on what day of the week?
nikklg [1K]
Hi!

The day of the week a golf course is mostly likely to be closed on is Monday. =)
8 0
3 years ago
A loan processing operation that processes an average of 7 loans per day. The operation has a design capacity of 15 loans per da
anyanavicka [17]

Answer:

a) 46.7, 80 b) 20, 60   c) yes

Explanation:

a) % utilization= utilization/design capacity × 100

                       = 7/15 × 100

                       = 46.7%

   % efficiency= efficiency/design capacity × 100

                              = 12/15 × 100

                                  =80%

b) Utilization= 2/10 × 100 = 20%

 Efficiency= 6/10 × 100= 60%

c) A system with higher efficiency ratios will always have higher utilization as these systems will have lesses number of failures

6 0
3 years ago
A farmer and a meatpacker use the commodity markets to reduce their risk. One agrees to buy live cattle in the future at a fixed
VLD [36.1K]

Answer:

A farmer is the one that owns the cattle and is ready to sell it on the market demand, while the meatpacker is the one who buys the product and sells it in different parts to the end consumers.

Since they both are using the commodity market to reduce the risk, the farmer will be the one who agrees to sell the cattle in the future at a fixed rate, while the meatpacker will be the one who agrees to buy the cattle in the future at a specified price fixed by him.

Hope this helps. ThankYou.

3 0
3 years ago
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