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MrMuchimi
3 years ago
9

Describe the differences between a geographical monopoly and a technological monopoly. Give you opinion as to which you think is

more prevalent in our society. Then give reasons as which one you think will be more influential on society in the next 10 years. SOMEONE Pleaseeeee HELP MEEEEE!!!
Business
1 answer:
Aleks04 [339]3 years ago
6 0

Answer:

technological monopoly

a firm or individual have discovered a new manufacturing technique or created something entirely new Ex: Segway

geographic monopoly

small town, because of its location no other business offers competition Ex: Girdwood gas station

I would say technological monopolies, though answers will vary because of perspective. If we look at Tesla, they create new and innovative products that are without a doubt beyond the excesses that some other standard car companies (hence, electrical power). As technology grows over the years, having control over a new type of energy or power (or tech), will have a significant influence over the people, especially considering that no other company has yet to provide it.

Explanation:

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Refer to the following selected financial information from McCormik, LLC. Compute the company's current ratio for Year 2. Year 2
swat32

Answer: 3.39

Explanation: Current ratio can be defined as a liquidity ratio which is used by the accountants the evaluate the ability of the company to pay its short term obligations. It can be computed as follows :-

current\ ratio=\frac{curret\ assets}{current\ liabilities}

where,

current assets = $38,500 + $100,000 + $90,500 + $126,000 + $13,100 = $368,100

current liabilities = $108,400

now putting the values into equation we get :-

current\ ratio=\frac{368,100}{108,400}

                             = 3.39

8 0
4 years ago
A competitive strategy of striving to be the low-cost provider is particularly attractive when a. buyers are not price sensitive
PilotLPTM [1.2K]

Answer:

d. price competition is especially vigorous, buyers have low switching costs, and the majority of industry sales are made to a few, large volume buyers.

Explanation:

Michael Porter specified 4 generic strategies for gaining competitive advantage, which are namely,

1. Cost Focus

2. Differentiation Focus

3. Cost Leadership

4. Differentiation

Cost leadership refers to charging lowest price and attaining cost advantage in the industry.

Differentiation refers to designing products with unique attributes.

Striving to be low cost provider would be most attractive when the buyers have low switching costs i.e it is easier and cheap to switch between products and wherein buyers are large and exercise considerable bargaining power.

Thus, the correct option is (d). price competition is especially vigorous, buyers have low switching costs, and the majority of industry sales are made to a few, large volume buyers.

6 0
3 years ago
ABC Software is a producer of educational software for children below the age of twelve. The company has operations in Switzerla
igomit [66]

Answer:

Would not exercise its currency option

Explanation:

Currency options are one of the most common ways for corporations , individuals or financial institutions to hedge against adverse movements in exchange rates.

A currency option is a contract that gives the buyer the right , but not the obligation, to buy or sell a certain currency at a specified exchange rate on or before a specified date.

5 0
3 years ago
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zysi [14]
I believe the answer is: True

For example, every individuals are subjected to the risk of experiencing some sort of health problems, that might cost us a lot of money.

When a person bought a health insurance  that person would transfer the financial risk that might occurs because of their health condition to the insurance company. So when that person need treatments, the insurance company would cover the cost.
7 0
3 years ago
Read 2 more answers
Suppose demand is given by q = 80 - 0.5p. what is the price elasticity of demand when p = 40?
Rasek [7]
<span>I believe the answer to this question is: the price elasticity of demand is 60. q = 80 - 0.5(40) is the equation I used. Half of 40 is 20, and 80 minus 20 is 60.</span>
8 0
4 years ago
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