<u>Explanation</u>:
Even though a <u>monopolist</u> usually controls the market price of the commodity it may not be producing more because a monopolist overall goal is to achieve profit maximization.
However, producing more output would not be in their best interest despite been the market maker because it will decrease the price of the goods in the market due to over supply, leading to lower profit for them.
Explanation:
The two types of goods / services where price competition works best are those classified by a market model of perfect competition and imperfect competition.
In perfect competition, there is a predominance of a homogeneous market, with the presence of many companies and without barriers to entry, where there is the possibility of free price competition, such as the food industry.
In imperfect competition, there is also the presence of many industries in the market, but there is a differentiation of products, which causes price competition but depending on the benefits, functionality and degree of differentiation of the good perceived by the consumer.
Answer:
E) Valerie
Explanation:
Going by the information in the above question, Valerie gets the watch
According to the law, the Watch will belong to Valerie and not Billy, and for the reason that one cannot buy something from anyone which doesn't belong to them.
So, the initial transaction that took place with Theona and Andy was null and void as well as any subsequent transaction were also nullified.
Answer:
The answers are increases and more.
Explanation:
When the government levies a tax on a good equal to the external cost associated with the good’s production, it ___increases_____ the price paid by consumers and makes the market outcome __more______ efficient
Because that is the imposition of tax on the external cost created by a commodity will lead to an increase in the price of the commodity. When the government imposes tax on goods equal to the external cost, it leads to the market outcome becoming more efficient.
Answer: Creation of sales
Explanation: In direct marketing the company focuses on avoiding the advertising middle man and tries to inform the customers directly about the product or service offered.
The direct marketing is done with the intent of increasing customer base which will further result in creation of sales. This could be achieved by making promotional events and other such kind of activities.
