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lisabon 2012 [21]
3 years ago
6

Which of the following firms is likely to have the greatest market power?A. a farmerB. an electric companyC. a local electronics

retailerD. a grocery store
Business
1 answer:
amid [387]3 years ago
5 0

An electric company is like to have greatest market power.

Explanation:

An electric company falls under oligopoly market. An oligopoly market is that market that consist of few firms and large numbers of buyers. As a result the sellers have the power to change the price. Although if they increase  the price the customers will not be able to stop buying those goods.

Oligopoly market has the power to affect the demand as well as the supply . In case of market power the output reduces but there is no loss in economic welfare.

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Paquette purchased a building and land and immediately tore down the building how should they record the expense?
hammer [34]

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7 0
2 years ago
?if a corporation issued $8,000,000 in bonds which pay 5% annual interest, what is the annual net cash cost of this borrowing if
MrRissso [65]
$8,000,000 - corporate issued
5 % -  annual interest
30 % - income tax rate
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Formula and Solution - (8,000,000 x 0.05) x 0.7 = 280,000
Answer: The Annual net cash cost - $280,00
4 0
3 years ago
Assume that a consumer purchases only two products. Suppose that the consumer's money income doubles, and the prices of the two
Vitek1552 [10]

Answer:

c

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3 years ago
Which is the most accurate statement about trade? a. Trade can make every person better off. b. Trade helps rich people and hurt
laiz [17]

Answer:

a. Trade can make every person better off.

Explanation:

Trade generates a benefit for all parties trading. If a party do not fell like winning with trade, it will stop trading and the trade will not occur. It is important for each party to make sure the other wants to keep trading, so quantity and price will be based upon both parties agreement.

A person can trade for product she produces, for example a person who produce a certain fruit can buy the same fruit when is off-station in their side of the world with another producer.

It could also trade becasue is the raw material of a finished product and it need more input for his facilities.

If a person or a party who is trading thinks is worse than before the trade, then it will stop trading so, as long as there is trade, both parties are better off after the trade.

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3 years ago
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