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svp [43]
3 years ago
14

When we compare economic welfare in a monopoly market to a competitive market, the profits earned by the monopolist represent A.

a loss in total welfare. B. a transfer of benefits from the consumer to the producer. C. the higher marginal revenues gained by the monopolists in comparison to competitive firms. D. the higher marginal costs incurred by the monopolists in comparison to competitive firms.
Business
1 answer:
Nina [5.8K]3 years ago
3 0

Answer:

The correct answer is option B.

Explanation:

In a perfect competition firms are price takers and have only normal profits. On the contrary, a monopoly firm are price makers and can have positive profits.

The consumer surplus gets reduced in monopoly and the producer surplus is greater. The profits in the monopoly firm shows the transfer of surplus of benefits from consumers to the producer.

So, option B is the correct answer.

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Explanation:

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The Project Evaluation and Review Technique (PERT) is not a means of scheduling and controlling projects with constant activity times. The activity time normally varies.

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You sign a contract to purchase a machine that will allow you to travel back in time and meet abraham lincoln. assuming that tim
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The correct option is C). Void contract. It is void type of contract if you sign a contract to purchase a machine that will allow you to travel back in time and meet Abraham Lincoln.

<h3>What is void contract?</h3>

Void contract is a formal contract between two parties, which is not authorized by the law and enforceable from the moment it was created.

A void contract is little differ from the valid contract. Void contract is not an actual contract, despite it is unenforceable.

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In _________, machines are designed to do multiple tasks so that they can produce a variety of products.
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In a commercial bank's t-account, reserves and outstanding loans are recorded as?
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In a commercial bank's t-account, reserves and outstanding loans are recorded as assets.

In economic accounting, "reserve" usually has a credit balance and may talk over with part of shareholders' fairness, a liability for envisioned claims, or contra-asset for uncollectible debts. A reserve can seem in any part of shareholders' fairness besides for contributed or simple proportion capital.

Reserves are a part of income or gain that has been allotted for a selected reason. Reserves are usually installed to shop for fixed property, pay bonuses, pay an anticipated prison settlement, pay for upkeep & protection and pay off debt.

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