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lawyer [7]
3 years ago
5

Young Johnny inherited the only local cable TV company in town after his father passed away. The company is completely unregulat

ed by the government and is therefore free to operate as it wishes. Assuming that Johnny understands the true power of his new monopoly, he is probably most excited about which of the following statements?
(i) He will be able to set the price of cable TV service at whatever level he wishes.
(ii) The customers will be forced to purchase cable TV service at whatever price he wants to set.
(iii) He will be able to achieve any profit level that he desires

A. (i) only
B. (ii) only
C. (i) and (iii)
D. All of the above are correct.
Business
1 answer:
Marianna [84]3 years ago
4 0
The answer is A. (i) only
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The government can provide subsidies to certain producers, typically farmers.
The government can put a ceiling and a floor on prices as they wish. They can control the lowest and highest price a commodity can sell for.
The government can own public works such as a water company if they feel they can provide the service for a lower cost than the local competitors.
The government can decide which companies are monopolies and which companies are violating federal policies regarding trade. The government has the power to break up monopolies.
Each of these has advantages and disadvantages. For example, for farmers, when prices on their crops are too low, the government "gives" them money for their crops so they can stay in business.
A monopoly business controls the price and supply. If the monopoly is broken up, then competitors can enter the field- this can help drive down prices.
If the government can provide utility services for cheaper, that is good.

5 0
3 years ago
Is money the root of all evil?
SCORPION-xisa [38]

Answer:

No

Explanation:

the lo.ve of mone.y is a root of all kinds of e.v.il” or simply “for the love of money is the root of all e.vil.” Not m.oney itself, but the love of money. That's a key dis.tin.ction. Money itself is neither good nor e.vil.

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Poppy is interested in computer networking. What online resource can she use to find out the education and training for this car
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4 0
3 years ago
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dimaraw [331]

Answer:

12.5%

Explanation:

We have to first calculate Rico's gain per share during the 2010-2012 period:

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$3 represents a 12.5% [= ($3 / $24) x 100] rate of return for the holding period.

B. 12.5%

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7 0
3 years ago
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