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Korolek [52]
3 years ago
6

In a bilateral monopoly with one buyer and one seller, the monopoly power of the seller and the monopsony power of the buyer ten

d to: counter-act one another. reinforce one another. favor the buyer. favor the seller.
Business
1 answer:
scoray [572]3 years ago
6 0

Answer:

counter-act one another.

Explanation:

As  a bilateral monopoly has one buyer and one seller, the buyer wants to pay the lower price possible and the seller wants to charge a high price. So, they have opposite goals and they have to negotiate considering the power each one has and find an agreement in which both win. According to this, the answer is that in a bilateral monopoly with one buyer and one seller, the monopoly power of the seller and the monopsony power of the buyer tend to counter-act one another as their positions are in conflict and they have to find a middle point to get to an agreement.

The other options are not right because their goals are in conflict so they don't support the idea of the other party and both parties have a relative bargaining power and because of that, the monopoly power of the parties does not favor the buyer or the seller.

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The people of Texas authorize the borrowing of money on behalf of government through
Pachacha [2.7K]

Answer:

The people of Texas authorize the borrowing of money on behalf of government through:

  • Special Elections

Explanation:

  • The special elections generally are held to fill the vacant seat of member of house of representative in case of death or resignation and are called by the governor.
  • The special elections in Texas are held to fill the vacant seat of member of house of representative, to give approval for the borrowing of money on the behalf of government and to ratify the amendments occurred in the constitution of the state.

3 0
3 years ago
Beach Grub is a chain of "fast casual" restaurants that sells its menu items at higher prices than its competitors. Yet, the res
NikAS [45]

Answer:

A. Differentiation strategies

Explanation:

  • Different strategies seek to create greater value for their customers by creating goods and services that offer unique features that make them competitors. This is done by trying to keep the same or similar (perhaps slightly more expensive) price level as the competition.
  • In this case Beach Grub offers a variety of services, keeping its prices higher than competing but not more than luxury restaurants.
4 0
3 years ago
Jedida is the new manager for a team in an advertising agency. Her team has worked together effectively for the last 10 years, a
CaHeK987 [17]

Answer:

Explanation:

Task oriented, effective, group cohesiveness, neutrolize.

Why these options were chosen?

We can see from Jedida's behavior that she is task oriented, because the first thing she did when coming to new employment place is scheduling a meeting.

In a lot of circumstances such behavior could harm the trust and relationship between manager and the team.

However it is said that the team is very close and know each other for a long time. So, such cohesiveness can neutrolize this leadership behavior.

3 0
3 years ago
On April 1st, Bob the Builder entered into a contract of one-month duration to build a barn for Nolan. Bob is guaranteed to rece
hichkok12 [17]

Answer:

a) What is the expected transaction price with variable consideration estimated as the expected value?

  • original cost $5,800 if job is finished in one month (15% probability)
  • bonus price for finishing 2 weeks earlier $5,800 x 1.25 = $7,250 (25% probability)
  • bonus price for finishing 1 week earlier $5,800 x 1.15 = $6,670 (60% probability)

expected transaction price = ($5,800 x 15%) + ($7,250 x 25%) + ($6,670 x 60%) = $6,684.50

b) What is the expected transaction price with variable consideration as the most likely amount?

$6,670, since it has a 60% probability

3 0
3 years ago
Suppose the cross-elasticity of demand for products A and B is 3.6, and for products C and D is -5.4. What can you conclude abou
nikitadnepr [17]

Answer:

A and B are substitutes

Explanation:

Cross price elasticity of demand measures the responsiveness of quantity demanded of good A to changes in price of good B.

If cross price elasticity of demand is positive, it means that the goods are substitute goods.

Substitute goods are goods that can be used in place of another good.

If the cross-price elasticity is negative, it means that the goods are complementary goods.

3 0
3 years ago
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