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daser333 [38]
3 years ago
8

The ultimate market constraint (limit) on the amount of pricing power that can be exercised by a monopoly firm is the _______

Business
1 answer:
guapka [62]3 years ago
8 0

Answer:

Number of units it can sell and the number of customers it can serve

Explanation:

The ultimate market constraint (limit) on the amount of pricing power that can be exercised by a monopoly firm is the <u>number of units it can sell and the number of customers it can serve.</u>

<u>Generally</u>.

The price-setting ability of a monopolist faces two kinds of constraints:

1. Number of Units: The monopolist's price setting ability is limited by capacity as cannot sell more than a given quantity of its products

2. Number of Customers: The monopolist is additionally unable to serve more than a given number of consumers.

These 2 factors constrains the pricing power of the monopolist

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Marginal cost is equal to A. change in total variable cost divided by change in output. B. change in total cost divided by chang
Ipatiy [6.2K]

Answer:

D

Explanation:

If the cost function C is continuous and differentiable, the marginal cost  MC is the first derivative of the cost function with respect to the output quantity Q:

MC(Q)= dC/ dQ.

The marginal cost can be a function of quantity if the cost function is non-linear. If the cost function is not differentiable, the marginal cost can be expressed as follows:

MC=^C/^Q

where ^  denotes an incremental change of one unit.

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3 years ago
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Inventing a new soft drink - what would be the input - the conversion, and the output?
scZoUnD [109]

Inventing a new soft drink  -what would be the input - the conversion, and the output?

The input would be the taste/flavor of the new soft drink. When inventing something new, you need to figure out something that will give it a distinct difference over competition. After you have established what you want it to taste like, you need to make the receipe and try it to make sure you like it and can replicated it for consumers. Once the drink has been made for test tasting, having people try the drink will establish whether or not they want to purchase the drink. Once the entire drink has been through the processes of test tasting, if there is good feedback it's time to put the product on the the self as the output.

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3 years ago
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In control theory, how many control systems are in place to work against our tendencies to deviate?
lutik1710 [3]
<span>Two systems are in place, inner and outer control systems. Inner controls consist of our personal morality and our general codes of ethics. Outer controls, on the other hand, are the people in our lives (family, friends, authority figures) who place indirect pressure on people as a way of keeping them in line.</span>
7 0
3 years ago
Rather than competing head to head with established competitors, many companies seek out unoccupied positions in uncontested mar
Solnce55 [7]

Answer:

The correct answer is d. "blue ocean strategy".

Explanation:

The strategy seeks to set aside competition between companies, expanding the market through innovation. What companies need to be successful in the future is to stop competing with each other. In the last twenty-five years, all strategic thinking has been directed to the red ocean; The administration defines that in the competition there is the success or failure of the companies, which has allowed many to know how to perform skillfully in this world, but ignoring that another type of strategy could generate better results, without worrying so much about the competition.

The red ocean represents all existing industries today. These companies must have clearly marked limits, as well as defined competencies, and their objective is to overcome the rival and gain a great position in the market. They are constantly exposed to the emergence of new competitors, which decrease their chances of growth. Usually, this type of ocean is the reality of every business.

6 0
3 years ago
If the economy booms, Meyer&amp;Co. stock will have a return of 20.4 percent. If the economy goes into a recession, the stock wi
Mnenie [13.5K]

Answer:

The standard deviation of the returns on the stock is 15.56%(Approx).

Explanation:

Expected Return=Respective return*Respective probability

=(20.4*0.67)+(-12.7*0.33)=9.477%

probability Return probability*(Return-Expected Return)^2

0.67          20.4 0.67*(20.4-9.477)^2=79.93899243

0.33          -12.7 0.33*(-12.7-9.477)^2=162.3003786

Total=242.239371%

Standard deviation=[Total probability*(Return-Expected Return)^2/Total probability]^(1/2)

=15.56%(Approx).

4 0
3 years ago
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