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
Your grandfather made an investment of $4,000 the day you were born, as such starting to earn returns immediately. His assumptio
weeeeeb [17]

Answer:

Acumulated value=57,775.84

Explanation:

this problem can be solved applying the concept of annuity, keep in mind that an annuity is a formula which allows you to calculate the future value of future payments affected by an interest rate.by definition the future value of an annuity is given by:

s_{n} =P*\frac{(1+i)^{n}-1 }{i}

where s_{n} is the future value of the annuity, i is the interest rate for every period payment, n is the number of payments, and P is the regular amount paid

But there is an special thing to keep in mind and is the initial payment so we must to calculate the 4,000 in the future so we have:

Acumulated value=s_{n} +P*(1+i)^{n}

Acumulated value=1,500*s_{18} +4,000*(1+0.06)^{18}

Acumulated value=57,775.84

3 0
3 years ago
Which of the following changes can take place in the long run? A.labor force b.machinery c. Technology. D. All of these can be c
ehidna [41]
D. All of these can be changed in the long run
4 0
3 years ago
If the variable costs of producing two books are $100, what is the marginal cost of producing one more book?
Ierofanga [76]

Answer:Hi Martina, okie anyway Im taking the test rn too I just answered Tanya, its $25

Explanation:

1 book= 50

2 books= 100

100-50=50

Then 50/2=25

3 0
3 years ago
Turner Corporation acquired two inventory items at a lump-sum cost of $100,000. The acquisition included 3,000 units of product
inessss [21]

Answer:

The amount of gross profit Turner Corporation should recognize is $20,000.

Explanation:

The following are given in the question:

Lump-sum cost = $100,000

Units of LF acquired = 3,000

Units of 1B acquired = 7,000

LF price per unit = $30

1B price per unit = $10

Unit of LF sold = 1,000

Therefore, we have:

Share of LF in the Lump-sum cost = (Units of LF acquired / (Units of LF acquired + Units of 1B acquired)) * Lump-sum cost = (3,000 / (3,000 + 7,000)) * $100,000 = $30,000

LF cost per unit = Share of LF in the Lump-sum cost / Units of LF acquired = $30,000 / 3,000 = $10

LF total revenue = Unit of LF sold * LF price per unit = 1,000 * $30 = $30,000

LF cost of goods sold = Unit of LF sold * LF cost per unit = 1,000 * $10 = $10,000

LF gross profit = LF total revenue - LF cost of goods sold = $30,000 - $10,000 = $20,000

Therefore, the amount of gross profit Turner Corporation should recognize is $20,000.

3 0
3 years ago
Which of the following is an example of long-term debt?
GarryVolchara [31]
Home equity loan is an example of long term debt among the choices provided in the question. The correct option among all the options that are given in the question is the last option or option "d". Long term debts are the type of debts that are not needed to be paid within a years time. I hope this helps.
6 0
3 years ago
Other questions:
  • Each of the following scenarios is independent. Assume that all cash flows are after-tax cash flows.
    11·1 answer
  • Maquoketa Services was formed on May 1, 2017. The following transactions took place during the first month.
    14·1 answer
  • What does homeowner's insurance pay for in case of damage to your house and its contents? apex?
    8·1 answer
  • Tomas recently graduated with honors from his college. He has bragged to his friends that his academic performance has prepared
    7·1 answer
  • Investors expect the market rate of return this year to be 15.00%. The expected rate of return on a stock with a beta of 1.3 is
    5·1 answer
  • Name three authors who were caught plagiarizing and what they did ?
    13·1 answer
  • Ever since e-commerce started rising in prominence, the value of the retail showroom has diminished significantly. After all, co
    11·1 answer
  • El Tapitio purchased restaurant furniture on September 1, 2021, for $35,000. Residual value at the end of an estimated 10-year s
    9·1 answer
  • What are Costco business perks?
    12·1 answer
  • What are the potential risks of having all three of these buckets (savings, investments and debt payments) belong in the same ca
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!