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anyanavicka [17]
2 years ago
5

Which of the following is typically the case for companies that operate in product markets where there is relatively little comp

etition from other companies?
A) lower wages and lower profits
B) lower wages and higher profits
C) higher wages and higher profits
D) higher wages and lower profits
Business
1 answer:
Igoryamba2 years ago
6 0

Answer:

Which of the following is typically the case for companies that operate in product markets where there is relatively little competition from other companies?

C) higher wages and higher profits

Explanation:

A situation where different organizations are striving to sell the same product is known as competitive markets. When the number of companies selling the same product is small, then we can say that the market has little competition from other companies. A market that has little to no competition has the following qualities;

1. Reduced efficiency

In a market where companies operating in a market have little competition, the efficiency in terms of processing time, and overall quality of finished products is very low since the demand for products is guaranteed whether the product is of high quality or not. The customers have no other choice but to buy from them.

2. Higher profits

In markets that there is little competition, the companies are always few. This means that the market share per company is relatively bigger than other markets. Bigger market shares translates to increases sales, thus higher profit margins.

3. Higher wages

Companies that have higher profits as a result of bigger market shares tend to pay their employees higher wages since the available disposable income is high.

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Paragon Company
lesantik [10]

Answer:

Step 1: Identify and define the problem

Explanation

This is the first goal to achieve for the company in order to select an alternative upon a rational decision-making process.

5 0
3 years ago
Mark the boxes that are TRUE. 1. One of the largest divestitures in American history occurred when the U.S. Government ruled tha
Umnica [9.8K]

Answer:

1. One of the largest divestitures in American history occurred when the U.S. Government ruled that the AT & T ® Corporation was a monopoly that must be divided so that the telephone market might be more competitive.

<em>TRUE</em>

<em>In 1982, U.S. regulators broke up the AT&T monopoly, requiring AT&T to divest its regional subsidiaries and turning them each into individual companies. From that point AT&T as a result of this breakup, faced competition from new competitors such as MCI and Sprint. </em>

Explanation:

1. One of the largest divestitures in American history occurred when the U.S. Government ruled that the AT & T ® Corporation was a monopoly that must be divided so that the telephone market might be more competitive.

<em>TRUE</em>

<em>In 1982, U.S. regulators broke up the AT&T monopoly, requiring AT&T to divest its regional subsidiaries and turning them each into individual companies. From that point AT&T as a result of this breakup, faced competition from new competitors such as MCI and Sprint. </em>

2. The Federal Aviation Administration regulates the airlines.

<em>TRUE</em>

<em>The Federal Aviation Administration (FAA) is the regulatory arm of the government of the United States which controls all aspects of civil aviation.</em>

<em />

3. The Federal Newspaper Association regulates the free speech in newspapers.

<em>FALSE</em>

<em>It is the Federal Communications Commission</em>

<em />

4. The Securities and Exchange Commission regulates the stock market.

<em>TRUE</em>

<em>The U.S. Securities and Exchange Commission (SEC) is a government agency responsible for overseeing and regulating investments in shares, and maintain fair and orderly functioning of the securities markets.</em>

5. The Federal Reserve Board regulates the postal system.

<em>FALSE</em>

<em>The Federal Reserve Board governs the Federal Reserve System and the U.S. central bank in charge of making the country's monetary policy.</em>

6. The Interstate Commerce Commission polices monopolistic practices.

<em>FALSE</em>

<em>Interstate Commerce Commission (ICC), was charged with regulating the services of specified carriers engaged in transportation between states. </em>

<em />

7. The Federal Reserve Housing regulates the housing prices in America.

False

That would have been the United States Housing Authority

8 0
3 years ago
XOLO Ltd. sold its stocks at a face value of $10. The stocks presently have a market value of $45. The earning per share (EPS) i
miss Akunina [59]

Answer: C

Explanation:

dividing a company's current stock price by its earnings per share (EPS)

45/2.25=20

4 0
3 years ago
Which term describes the situation wherein a jury fails to reach a unanimous verdict?
mojhsa [17]
Hung jury is the answer
hope it helps
6 0
3 years ago
Which of the following functions of money enables society to gain the benefits of geographic and labor specialization? store of
grandymaker [24]

Answer:

The correct answer is: medium of exchange.

Explanation:

The medium of exchange function of money that helps the society in gaining the benefits of geographic and labor specialization.  

The medium of exchange function means that money is an asset that is widely accepted as a medium of exchange in the transactions involving the exchange of goods and services.  

The medium of exchange function of money eliminates the need for double coincidence of wants. Thus helps in labor and geographic specialization.

4 0
3 years ago
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