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
serious [3.7K]
3 years ago
12

A monopoly, unlike a perfectly competitive firm, has some market power. Thus, it can raise its price, within limits, without qua

ntity demanded falling to zero. The main way monopolies retain their market power is through barriers to entry, which prevent other companies from entering monopolized markets and competing for customers. Consider the market for tanzanite. The mines for this blue-purple gemstone, found only in Tanzania, are owned by the local government. Given that no one is allowed into the mines without government permission, the market structure for tanzanite highly resembles that of a monopoly. Which of the following best explains the barriers to entry that exist in this scenario?
A. Exclusive ownership of a necessary resource
B. Legal barriers
C. Increasing returns to scale
Business
1 answer:
Gnom [1K]3 years ago
3 0

Answer:

Option A and B        

Explanation:

No other nation can get into the market of this business as the resource is found only in Tanzania. This depicts that Tanzanian government have the ultimate power in this market as they are the sole owners of the resource, thus its has exclusive rights barriers externally.

However, internally Tanzania has legal barriers as no private firm or oterh such entity can get into the extraction of the gems without the permission from the government.

You might be interested in
1. The Statute of Frauds prevents the enforcement of a(n) ______ contract, which is a contract in which the parties have not ___
icang [17]

Answer:

The correct answers in order are:

Executory  

Fulfilled their obligations  

Not illegal

Explanation:

The Statute of Frauds prevents the enforcement of an executory contract, which is a contract in which the parties have not fulfilled their obligations. These contracts are not illegal.

4 0
3 years ago
Peter Ittig's department store, Ittig Brothers, is Amherst's largest independent clothier. The store receives an average of 8 re
Irina-Kira [14]

Answer:

C-chart is the best suited for this since it is widely used to determine if the defects or returns are within the control limits or not.

Mean = average = 8 per day

Z=3

UcL = mean + 3[square root of mean]= 8+ 3 (Sq root of 8) = 16.48

LcL= mean - 3[ square foot of mean] = - 0.485

So the returns are within the control limits.

6 0
4 years ago
Worldwide​ Wholesalers, Inc. has decided that instead of having its employees manage its raw materials​ inventory, it will pay i
Anastasy [175]

Answer:

Worldwide​ Wholesalers, Inc. has decided that instead of having its employees manage its raw materials​ inventory, it will pay its suppliers to store and deliver the products as needed. What action has Worldwide​ taken?

A.  Operations control

B.  Outsourcing

C.  ​Value-added analysis

D.  Business process re-engineering

E.  Quality control

Answer: B

Explanation:

Outsourcing is the business practice of contracting a gathering outside an organization to perform benefits and make products that generally were acted in-house by the organization's own workers and staff. Outsourcing is a training for the most part attempted by organizations as a cost-cutting measure. In that capacity, it can influence a wide scope of employments, going from client care to assembling to the back office. Outsourcing can assist organizations with decreasing work costs fundamentally. At the point when an organization utilizes outsourcing, it enrolls the assistance of outside associations not partnered with the organization to finish certain errands. The outside associations normally set up various remuneration structures with their representatives than the outsourcing organization, empowering them to finish the work for less cash. This at last empowers the organization that decided to redistribute to bring down its work costs.

5 0
3 years ago
Does anybody now how to do math just commect if you can
Pepsi [2]

Answer:

Yes Yes I do what grade though? and type

Explanation:

3 0
3 years ago
Read 2 more answers
Suppose that during the past year, the price of a laptop computer rose from $2,750 to $2,880. During the same time period, consu
icang [17]

Answer: Elasticity of demand is 7.06

Explanation:

P1= $2,750

P2=$2,880

Q1=446,000

Q2=321,000

Elasticity = \frac{Q2 - Q1}{\frac{Q1 + Q2}{2} } * \frac{\frac{P1 + P2}{2} }{P2 - P1}

Elasticity = \frac{321,000 - 446,000}{\frac{446,000 + 321,000}{2} } * \frac{\frac{2750 + 2880}{2} }{2880 - 2750}

Elasticity = \frac{-125,000}{383,500} * \frac{2815}{130}

Elasticity = - 0.3259*21.6598

Elasticity = -0.76

Thus, elasticity of demand for laptops is 7.06. This means that laptops are highly price elastic as it is greater than 1.



8 0
4 years ago
Other questions:
  • ABC Co. expects to sell 2,200 units, give or take 10 percent. The expected variable cost per unit is $8.43 and the expected fixe
    11·1 answer
  • If the price of a sofa is $800 in the u.s. and 2400 pesos in argentina, and the exchange rate is 4 pesos per dollar, what is the
    14·1 answer
  • A corporation that uses both debt and equity in its capital structure has concluded that the risk premium it must pay on its com
    12·1 answer
  • LC Corp. has an old machine with operating costs of $164,200 per year and a net book value of $23,000. LC is looking at two repl
    14·1 answer
  • Benning Manufacturing Company is negotiating with a customer for the lease of a large machine manufactured by Benning. The machi
    10·1 answer
  • Gersick's model for team development rejects the standard model in favor of something called: The golden rule. Directed chaos. F
    6·1 answer
  • Johnson Company has the following overhead costs: machine setup $25,000; factory maintenance $10,000; heating and lighting $15,0
    14·1 answer
  • How could two people showing a dominant trait have an offspring showing the recessive trait?
    6·1 answer
  • Profiteer ltd reported retained earnings of r100000 and r80000 in therir statement of financial positionn for the years 2011 and
    11·1 answer
  • The national organization for women (now), the american civil liberties union (aclu), and the national right to life committee a
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!