1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Natalija [7]
3 years ago
9

Suppose that Jay-Z and Beyonce are duopolists in the music industry. In January, they agree to work 47. ether as a monopolist, c

harging the monopoly price for their music and producing the monopoly quantity of songs. By February, each singer is considering breaking the agreement. What would you expect to happen next?
A. Jay-Z and Beyonce will determine that it is in each singer's best self interest to maintain the agreement
B.Jay-Z and Beyonce will each break the agreement. The new equilibrium quantity of songs will increase, and the new equilibrium price will decrease.
C. Jay-Z and Beyonce will each break the agreement. The new equilibrium quantity of songs will decrease, and the new equilibrium price will increase.
D. Jay-Z and Beyonce will cach break the agreement. The new equilibrium quantity of songs will increase, and the new equilibrium price also will increase.
Business
1 answer:
Lelechka [254]3 years ago
8 0

Answer:

B) Jay-Z and Beyonce will each break the agreement. The new equilibrium quantity of songs will increase, and the new equilibrium price will decrease.

Explanation:

A duopoly (two suppliers have dominant control over a market) is not the best possible scenario, it is actually he second worst possible scenario after a monopoly. Whenever a monopoly breaks, customers will end up winning because competition will increase (at least a little bit) therefore increasing and diversifying supply and decreasing the price of the goods or services.

You might be interested in
The Industrial Revolution brings about the use of production processes dependent on new machines and interchangeable parts.
RideAnS [48]

Answer:

True

Explanation:

Industrial Revolution can be regarded as transition from old to the new manufacturing processes which begins from some part of the world such as

Europe and United States, within some period from of 1760 and it's improving up till date. Some of the causes of Industrial Revolution are development of trade as well as the rise in business activities. It should be noted Industrial Revolution brings about the use of production processes dependent on new machines and interchangeable parts.

5 0
2 years ago
The advantages of personal financial planning include:
den301095 [7]

Answer:

d. All of these

Explanation:

Personal financing is the process of organizing and managing an individual or household's income to achieve set financial goals. It involves managing personal finance activities such as income, expenditure, savings, and investments. The primary objective of personal finance is to assist individuals maximize their current incomes and make future plans. As a result, they can achieve both short term and long term goals.

7 0
3 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
Afina-wow [57]

Answer:

Present value deposit today = 216,886 (Approx)

Explanation:

Given:

Number of year (n) = 16 years x 4 quarter = 64

Rate of interest (r) = 1.6% = 0.016 / 4 = 0.004

Future value = $280,000

Present value = ?

Computation of present value deposit today:

Present\ value = \frac{Future\ value}{(1+r)^n}\\\\Present\ value = \frac{280,000}{(1+0.004)^{64}}\\\\Present\ value = \frac{280,000}{1.291}\\\\Present\ value = 216,886.135

Present value deposit today = 216,886 (Approx)

8 0
3 years ago
What term describes the situation where an employer changes group plan coverage to another insurer, and all employees eligible f
djverab [1.8K]

Answer: No loss, no gain

Explanation:

When an employer changes group plan to another insurer, all employees under the previous coverage would be eligible to gain under the new plan without any delay for probation.

3 0
3 years ago
Pickwick Production offered employees a defined-benefit retirement plan, in which retirees received benefits calculated on the b
julsineya [31]

Even though the company is no longer able to pay the retirees, they are still protected because <u>The </u><u>Pension Benefit Guarantee Corporation</u><u> will pay a </u><u>basic benefit. </u>

<u />

The Pension Benefit Guarantee Corporation:

  • Was created to protect the pensions of millions of Americans
  • Provides a basic benefit to pensioners who need pension payments when their companies no longer pay them

The basic benefit is a percentage of the benefits the retirees receive from their normal plan so it is not much. Retirees will often have to supplement this option.

In conclusion, The <u>Pension Benefit Guarantee Corporation </u>will pay out something to the retirees.

<em>Find out more at brainly.com/question/7331178. </em>

4 0
2 years ago
Other questions:
  • Marinette Company makes several products, including canoes. The company has been experiencing losses from its canoe segment and
    12·1 answer
  • An insurance company knows that the average cost to build a home in a new California subdivision is ​$92 comma 297 and that in a
    12·1 answer
  • Barton Chocolates used a promissory note to borrow $1,000,000 on July 1, 2018, at an annual interest rate of 6 percent. The note
    14·1 answer
  • Inventories refer to A. goods that are a result of new inventions. B. goods that have been produced but have not yet been sold.
    14·1 answer
  • You’ve decided the industry is mature. That means it has reached a point of market saturation. As a new player, you’ll need to t
    15·1 answer
  • Justin, an American sales manager, travels to Brazil to make a business presentation. His counterpart, Pedro, does not speak Eng
    9·1 answer
  • Nobel laureate Paul Samuelson said that comparative advantage is one of the few ideas in economics that is both "true and not ob
    8·1 answer
  • Sarah has investments in four passive activity partnerships purchased several years ago. Last year the income and losses were as
    13·1 answer
  • Which of the following describes a person's financial debt or obligation?
    13·2 answers
  • What is the difference between product value and unique selling proposition?​
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!