Answer:
only increasing price on its goods
Explanation:
A monopoly is when there is only one firm operating in an industry. there are usually high barriers to entry of firms. the demand curve is downward sloping. it sets the price for its goods and services.
An example of a monopoly is a utility company
A natural monopoly occurs due to the high start-up costs or a large economies of scale.
Natural monopolies are usually the only company providing a service in a particular region
Because the demand curve for a monopoly is downward sloping, marginal revenue is less than price. As prices fall, more units of the product are bought.
In a monopoly When the average cost is falling, the marginal cost lies below the average cost. If the government sets price to be equal to marginal cost, which lies below the average cost, the monopoly would incur losses
Cashiers at a department store are authorized to make price adjustments for customers of up to $25 without getting approval from their supervisors. This would suggest that the department store is a decentralized organization. In a company with decentralized organization the <span>decisions are not made centrally by the head of the company (in our case manager of the store and supervisors) , but decisions are made by mid-level or lower-level managers (cashiers in our case).</span>
When there is an increase in education and training of the workforce then it leads to a rise in production function in aggregate.
Option B is the correct answer.
<h3>What is the workforce?</h3>
The workforce is referred to the individuals who are being employed in an occupation. It is also known as the labor force or workers or employees.
When the workforce is educated and provided training in the respective areas of their interest fields, then it develops their personality and makes them skilled workers. This results in increasing the production in aggregate for the company in which they are working.
Therefore, the production function aggregately rises due to the increase in the education and training of the workers.
Learn more about the production function in the related link:
brainly.com/question/13755609
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Answer:
any program or number of programs designed for end-users. That’s it, in a nutshell. In that sense, any end user program can be called an “application.”
