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
hammer [34]
3 years ago
11

If the U.S. government decided to regulate the prices of airline tickets to keep them from falling when the economy is weak, the

re would tend to be a ________ of airline tickets in the market and this would likely ________ the profits of U.S. airlines.
Business
1 answer:
Butoxors [25]3 years ago
7 0

Answer:

If the U.S. government decided to regulate the prices of airline tickets to keep them from falling when the economy is weak, there would tend to be a <u>SUPPLY SURPLUS</u> of airline tickets in the market and this would likely <u>DECREASE</u> the profits of U.S. airlines.

Explanation:

In order to regulate the prices of airline tickets, the government will most likely impose a binding price floor, which means setting up a minimum price. The problem is that since the price floor is above the equilibrium price, then the quantity supplied will increase (as price is higher) but the quantity demanded will decrease (since the price is too high).

A price floor always results in a loss of economic efficiency resulting in a deadweight loss that hurts both suppliers and consumers. Suppliers will offer more services increasing their costs, while consumers will stop flying.

You might be interested in
A ________ refers to a line of credit that is guaranteed by the bank
denis-greek [22]

revolving credit agreement

5 0
3 years ago
Joe​: ​"i think the key additional information you need to know in deciding whether the doctor should keep the medical practice
RoseWind [281]
<span>This is what Joe says: "Information is more important than the additional revenue and additional cost of being open 1 more​ hour."
He is a wise person</span>
8 0
3 years ago
Carlos is the VP Sales for a consumer electronics company and has recently been reviewing the performance feedback and employee
Oliga [24]

Answer:

Compensation.

Explanation:

According to the information in the question above, it can be said that Carlos is exercising the function of compensation management. His functions are related to the compensation that employees receive for carrying out their work. Compensation managers are also responsible for maintaining the rules of benefits in compliance with management and legality, in addition to developing strategies that assist in retaining and hiring employees and all types of data and information on compensation in the organization.

3 0
2 years ago
1) What are the three primary determinants of behavior in organizations?
scoray [572]

Answer:

The three primary determinants of behavior in organizations are employee dynamics, available resources and work environments.

6 0
3 years ago
An important similarity between a monopolistically competitive firm and a purely competitive firm is that:_________-a. realize a
marusya05 [52]

Answer:

a. realize an economic profit in the long run.

Explanation:

A monopoly is a market structure which is typically characterized by a single-seller who sells a unique product in the market by dominance. Thus, it is a market structure wherein the seller has no competitor because he is solely responsible for the sale of unique products without close substitutes. Any individual that deals with the sales of unique products in a monopolistic market is generally referred to as a monopolist.

Hence, one of the ways in which some monopolistic competitors try to become more like monopolists is through the use of designer labels.

This ultimately implies that, when there are barriers to entry it may result in monopolistic competition among the sellers of goods having no close substitutes. These barriers consist of economies of scale, network externalities, copyright law, trademark, patent, governmental policies etc.

In a purely competitive market, there are many buyers and sellers (price takers) of homogeneous products (standardized products with substitute) and the market is free (practically open) to all individuals or business entities that are willing to trade all their goods and services.

Hence, a purely competitive market is characterized by the following features;

1. Perfect information.

2. No barriers, it is typically free.

3. Equilibrium price and quantity.

4. Many buyers and sellers.

5. Homogeneous products.

An important similarity between a monopolistically competitive firm and a purely competitive firm is that realize an economic profit in the long run and these profits tends toward zero as both firms continue in the market.

6 0
2 years ago
Other questions:
  • Before buying an existing business, you need to identify if the business’s problems can be fixed? true or false
    8·2 answers
  • At the end of the year, Mercy Cosmetics’ balance of Allowance for Uncollectible Accounts is $830 (debit) before adjustment. The
    13·1 answer
  • What do you feel is the key to understanding debt
    14·1 answer
  • Which is one advantage of owning a home compared to renting a place to live?
    7·1 answer
  • Management by walking around (MBWA) refers to an old strategy that results in ineffective upward communication. a practice in wh
    11·1 answer
  • Uber plans to sell shares of common stock to raise capital funds. They estimate that each share of common stock will sell for $1
    12·1 answer
  • QV-TV, Inc. provided the following items in its notes to the financial statements for the year-end 2014: Cost of goods sold was
    12·1 answer
  • Which of the following statements is CORRECT? Group of answer choices There are many types of unethical business behavior. One e
    6·1 answer
  • Problem 9-1 Comparing Renting and Buying [LO9-2] Rental Costs Buying Costs Annual rent $ 7,380 Annual mortgage payments $ 9,800
    13·1 answer
  • In the ______ quadrant of the core competence--market matrix, the focus is on leveraging current core competencies to improve cu
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!