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ArbitrLikvidat [17]
3 years ago
7

If a perfectly competitive firm and a single-price monopolist face the same demand and cost curves, then the competitive firm wi

ll produce a:________.
a. greater output and charge a lower price than the monopolist
b. greater output but charge the same price as the monopolist
c. greater output and charge a higher price than the monopolist
d. smaller output and charge a lower price than the monopolist
e. smaller output and charge a higher price than the monopolist
Business
1 answer:
Rudik [331]3 years ago
7 0

Answer:

a

Explanation:

greater output and charge lower price than the monopolist

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The difference between an inventor and an entrepreneur is that, an inventor develops new services and goods but he does not have them to the market. An entrepreneur risks resources may it be human, capital or natural in order to bring to the market improved and new products.

The risk which is incurred between entrepreneur and inventor is that, entrepreneur undergoes huge financial risks because a lot of money is being invested while inventor has low financial risk since there is no big investment which is being required.


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The key account management structure uses Blank______ to focus on important customers in order to build mutually beneficial, lon
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<em>The key account management structure uses</em><em> team selling </em><em>to focus on important customers in order to build mutually beneficial, long-term cooperative relationships.</em>

<h3>What is Team selling?</h3>

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Adding an additional salesperson or departmental expert to a call to address a client's specific needs is a straightforward example of team selling (e.g., manufacturing, customer service, or technical questions).

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3 0
2 years ago
A small business has determined that the machinery they currently use will wear out in 16 years. To replace the new machine when
Vlad [161]

Answer:

The initial deposit should be of: $97,439.62

Explanation:

Giving the following information:

To replace the new machine when it wears out, the company wants to establish a savings account today. The interest rate on the account is 1.9 percent per quarter and the cost of the machinery is $325,000.

To calculate the initial investment required, we need to use a variation on the simple interest future value formula:

FV= PV*(1+i)^n

PV= present value

Isolating PV:

PV= FV/(1+i)^n

i= 0.019

n= 4*16= 64

FV= 325,000

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8 0
3 years ago
Suppose the current price of a good is $55. At this price, the quantity supplied is 165 units, and the quantity demanded is 240
inysia [295]

Answer:

190

$60

Explanation:

Equilibrium price is the price at which quantity demanded equals quantity supplied

Equilibrium quantity is the quantity at which quantity demanded equals quantity supplied

Let x = change in quantity supplied

the following equations can be derived from the question

165 + 5x = total change in quantity supplied

240 - 10x = total change in quantity demanded

At equilibrium, quantity demanded equals quantity supplied. So,

165 + 5x = 240 - 10x

collect like terms and solve for x

15x = 75

x = 5

this means that quantity supplied would have to increase 5 times : 165 + 5(5) = 190

and quantity demanded would have to decrease 5 times : 240 + 10(5) = 190

equilibrium quantity is 190

equilibrium price = $55 + 1(5) = $60

3 0
2 years ago
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Reika [66]

The answer is<u> "Supply will decrease."</u>


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7 0
3 years ago
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