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
schepotkina [342]
3 years ago
6

There is often only one major league baseball team in a city. What is the consequence of this in terms of ticket prices? a. Tick

et prices will be lower because each team is a monopoly in the city. b. Ticket prices will be higher because each team is a monopoly in the city. c. Ticket prices will be lower because each team lacks market power. d. Ticket prices will be higher because each team is faced with strong competition. e. Ticket prices are unaffected by the number of teams in a city.
Business
1 answer:
Papessa [141]3 years ago
8 0

Answer:

b. Ticket prices will be higher because each team is a monopoly in the city. 

Explanation:

A monopoly is when there is only one firm operating in an industry. Monopoly usually have market power. They have the ability to set market prices. They usually earn economic profit in the long and short run.

Monopolies are not faced with any competition because they are the only firms operating in an industry.

Because there are usually only one major league in each town, the teams are monopolies, they have the ability to set high prices and do not face competition.

I hope my answer helps you

You might be interested in
Total expected units produced 6,000 3,000 Total expected material moves 500 100 Expected direct labor-hours per unit 6 9 The tot
andrezito [222]

The total materials handling cost allocated to the wall mirrors is closest to: $5,103.

<h3>Total materials handling cost: </h3>

First step is to calculate the total expected material moves:

Total expected material moves= 500+100

Total expected material moves= 600

Second step is to calculate  the total material handling cost allocated to  wall mirrors:

Total material handling cost allocated to  wall mirrors=$6,123.60× (500 /600)

Total material handling cost allocated to  wall mirrors=$5,103

Inconclusion the total materials handling cost allocated to the wall mirrors is closest to: $5,103.

Learn more about total materials handling cost here:brainly.com/question/25790358

4 0
2 years ago
Government can be used to solve externality problems that are too costly for private parties to solve.
jok3333 [9.3K]
The government can be used to solve externality problem that are to costly for parties to solve THE ANSWER IS TRUE 

7 0
3 years ago
Perform online research and find the formula for calculating compound interest. If Mr. John Chrystal invests $6,000 today (Prese
Murrr4er [49]

Answer:

It is 7,816.79

Explanation:

joemama10110101

7 0
3 years ago
Which federal agency ensures that all U.S. financial institutions follow banking laws and regulations?
marin [14]

Federal Deposit Insurance Corporation  ensures that all U.S. financial institutions follow banking laws and regulations

Explanation:

Federal Deposit Insurance Corporation is an important governmental institution which is the seminal institution in the following of the banking laws and regulations which is the prime responsibility of the federal agency in question.

They do this by looking at the deposit data and making companies regulate and follow the transit laws put in place by the trade laws of the country This is also the institution that covers the work of insurance.

3 0
3 years ago
Read 2 more answers
Why are employee benefits strategically important to employers and what are some key strategic considerations?
Vilka [71]

Explanation:

Employee benefits are strategically important for employers because this is a strategy for recruiting and retaining good people to work for your company, as qualified employees will be more productive and will more effectively assist in achieving goals and organizational objectives.

However, offering benefits requires a high cost, because the more benefits the company offers, the more expensive the cost of hiring employees, so it is necessary to have a clear communication strategy with employees about the value and cost of benefits received, so that there is a greater understanding of total compensation.

4 0
3 years ago
Other questions:
  • Based on what you've noticed from observing the population statistics for countries of the world, what can you say about what is
    6·1 answer
  • True or False
    10·1 answer
  • What is the totality of a firm's organizational arrangements, including its formal organizational structure, control systems, in
    9·1 answer
  • The financial statements of Calloway Company prepared at the end of the current year contained the following elements and corres
    6·1 answer
  • Fore Farms reported a pretax operating loss of $120 million for financial reporting purposes in 2021. Contributing to the loss w
    12·1 answer
  • Steve's Outdoor Company purchased a new delivery van on January 1 for $45,000 plus $3,800 in sales tax. The company paid $12,800
    9·1 answer
  • What are the main customers of bank of canada
    11·1 answer
  • Anne LLC purchased computer equipment (five-year property) on August 29 for $30,000 and used the half-year convention to depreci
    14·1 answer
  • The owner of a condominium hired a cleaning and junk removal service to clean his condominium after he moved. The parties agreed
    6·1 answer
  • Nair Corp. enters into a contract with a customer to build an apartment building for $1,000,000. The customer hopes to rent apar
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!