Answer:
The correct option is D
Explanation:
Monopolist is a company, individual or a group which controls or regulates all the market for a specific good or service. They have little scope to improve their product as customers will have no alternatives available.
Source of market power they have a copyright or patent, control critical resources, enjoy economies of scale and have the government authorized franchise.
Answer:
A) Product, price, place, promotion
Explanation:
The 4 Ps of marketing are:
- product: what good or service is our company selling and what need will it satisfy.
- price: the actual amount that the company expects that final customers will pay for the product, if the price is too high, the sales volume can be small, but if the price is too low, the profits can b too low also
- place: how and where will the product be provided to the customer, e.g. physical stores, online
- promotion: include marketing strategies and techniques carried out to communicate the existence and the qualities of our product to potential customers, they include advertisement, sales promotions, public relations
<span>Answer: Matched pairs design
Explanation: Matched pairs design is a special case of a randomized block design. It can be used when the experiment has only two treatment conditions; and subjects can be grouped into pairs, based on some blocking variable. Then, within each pair, subjects are randomly assigned to different treatments.</span>
Answer: d. Decision-making lag
Explanation:
When policy makers have identified that there is a problem that needs fixing but cannot seem to agree on the way forward, this is known as a <em>Decision - Making Lag or simply the Decision Lag.</em> It is one of the 3 specific inside Policy Lags and can be devastating due to the uncertainty of time it might take.
For instance, the economists suggesting dropping the federal funds rate by 0.25% might have the backing of one half of the Fed and the other Economists, the other half. Arguments could therefore go on for weeks before a decision is made.
