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Arada [10]
3 years ago
7

The demand curve faced by a pure monopoly isa. vertical.b. horizontal.c. upward sloping.d. downward sloping.

Business
1 answer:
svlad2 [7]3 years ago
3 0

Answer:

Downward sloping

Explanation:

In a market condition of pure monopoly, there is a single firm operating the whole market and managing all the buyers. All the buyers in this market condition are price takers because the price is set by the monopolist.

The pure monopolist faces the downward sloping demand curve which shows the inverse relationship between the price of the good and the quantity demanded and they can obtain the economic profits in the long run because of the restrictions over the entry of the other firms.

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According to theory, sales employees compensated based on commissions should be more motivated than if paid a straight hourly wa
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Expectancy Theory

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A monopolist faces a demand curve given by: P = 220 – 3Q, where P is the price of the good and Q is the quantity demanded. The m
Montano1993 [528]

Answer:

$1350

Explanation:

To find dead weight loss we will take into consideration the price and output level of both monopoly and perfect competition.

Dead weight loss = {(P2 - P1) * (Q1-Q2)} / 2

Where, P2 and Q2 are price and quantity respectively of monopolist and P1 and Q1 are price and quantity respectively of perfect competiton.

Dead weight loss = {(130-40) * (60-30)}/2

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8 0
3 years ago
What annual rate of return would Jia need to earn if she deposits​ $20,000 per year into an account beginning one year from toda
Nimfa-mama [501]

Answer:

3.12%

Explanation:

We use formula in excel to calculate annual rate of return

Rate = (Nper,PMT,,FV,1)

Nper (number of payments): 30

PMT (payment made every period) : -$20,000

FV (future value of investment): $1,000,000

type 1 for payment beginning of period

Then rate = (30,-20000,,1000000,1)= 3.12%

Please see excel attached for the calculation

Download xlsx
5 0
3 years ago
In the long run, the economic profits for a monopolistically competitive firm will be rev: 05_15_2018 Multiple Choice the same a
Gwar [14]

Answer:

The correct answer is same as the profits of a purely competitive firm.

Explanation:

A monopolistic market is characterized by a large number of sellers producing differentiated products which are close substitutes. This market has a relatively easier entry as compared to a monopoly market.  

In the long-run when a monopolistic firm will be earning a positive profit. It will attract other firms to join the market. As new firms enter the market, the market supply will increase. A rightward shift in the market supply curve will cause the price level to decline. This will continue till all the profits decline to zero.

So, similar to a purely competitive firm, a monopolistic firm also earn zero economic profit in the long run.

8 0
3 years ago
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