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yulyashka [42]
4 years ago
10

Explain, using examples, the abuse of monopoly power as a market failure.

Business
1 answer:
saw5 [17]4 years ago
3 0

Answer:

Explanation:

A monopoly is a market structure where there is only one supplier of a product and many buyers. An example of a monopoly is Microsoft; it is a price setter in the market. Abuse of monopoly power can occur when a firm dominates the market meaning no competitors within the industry. This abuse   could be in form of limiting output or setting higher prices to benefit from supernormal profits . This therefore leads to less choice for consumers.Over time, monopolies can become less innovative because they do not have competition and causing the market to fail and be inefficient; the price mechanism fails to take into account all of the costs and/or benefits of providing and consuming a good.

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your company has a registered domain name. you decide to sell portions of the domain name and make it available to others. What
Aleks [24]

Answer: A shared domain

Explanation: A domain name refers to a registered address whereby the website of an individual or organization can be accessed. In simple terms, the name of a website is called the domain name. They are used in the identification of web pages and IP addresses. Domain sharing capabilities offer the opportunity to split users of a domain across multiple servers. When one decides to make portion of one's domain name available to others, such act is called domain sharing. This way a certain domain name will possess more than one user account.

5 0
3 years ago
Kevin Hall is saving for an Australian vacation in three years. He estimates that he will need $5,920 to cover his airfare and a
andrew11 [14]

Answer:

$1,779.90

Explanation:

Formula for finding the amount he has to save, this formula would be used :

Amount = FV / annuity factor

Annuity factor = [(1 + r)^n - 1 / r]

FV = Future value = $5920

n = number of years = 3

i = interest rate = 10.5

Annuity factor = (1.105^3 - 1 ) / 0.105 = 3.326025

$5920 /  3.326025 = $1,779.90

4 0
4 years ago
AMAZOOK AMAZOOK AMAZOOK AMAZOOK
Talja [164]

Answer:

yes sir. this makes my day

5 0
3 years ago
Read 2 more answers
QUESTION:An agreement between the parties is an essential
Verizon [17]

Answer:

Yes

All agreement are contract, but not all agreement are contract.

Explanation:

All agreement are contract, but not all agreement are contract. If an agreement fails to create legal obligation, then it cannot become a contract.

An agreement is created when there is a mutual understanding between parties. It can either be have a legal backing or not.

A contract is a written or express legally binding agreement between parties to perform a task or obligation.

For an agreement to become a contract, it must be legally binding between the parties. Just as in the case of (CARLILL V CARBOLIC SMOKE BALL CO (1893). It was held that no contract existed between the parties because the agreement is not enforceable under the law.

6 0
4 years ago
After the elimination period, a totally disabled insured qualified and started receiving benefits from his disability income pol
Andrej [43]
A premium will be waived
7 0
3 years ago
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