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sasho [114]
3 years ago
7

A __________________ exists when the quantity demanded in the market is less than the quantity at the bottom of the long-run ave

rage cost curve.
Business
1 answer:
kobusy [5.1K]3 years ago
6 0

Answer:

Natural monopoly

Explanation:

A natural monopoly refers to a type of monopoly that occurs when the start-up costs or infrastructural costs are high or economies of scale in an industry are very powerful in such a way that only the largest supplier in the industry which is usually the first supplier in the market has a great advantage over potential competitors and therefore becomes the only supplier in the industry.

On the long-run average cost (LRAC) curve, a natural monopoly exists when the quantity demanded is less than the minimum quantity that is required to be at the bottom of the LRAC curve.

Therefore, a <u>natural monopoly</u> exists when the quantity demanded in the market is less than the quantity at the bottom of the long-run average cost curve.

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____ means that each department involved with new products has excellent linkage with relevant sectors in the external
evablogger [386]
Based on Organization Theory and Design, written by Richard Daft, boundary spanning <span>department involved with new products has excellent linkage with relevant sectors in the external environment.

The Research and Development (R& D) expands the network to associations and colleagues so they can easily understand the new trends and technology development. They can carefully study the right path on tailoring their product for their customer.
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</span><span>Furthermore, this component also accepts feedbacks and suggestions from customers and distributors which can be helpful to the company.</span>
3 0
3 years ago
Item 3Item 3 Cutter Enterprises purchased equipment for $87,000 on January 1, 2018. The equipment is expected to have a five-yea
Rus_ich [418]

Answer:

$27,400 and $59,600

Explanation:

The computation of the depreciation expense and the book value using the sum of-the-years'-digits method is shown below:

Depreciation expense is

= (Purchase cost - residual value) × useful life ÷ sum of years

= ($87,000 - $4,800) × 5 years ÷ (5 + 4 + 3 + 2 + 1)

= $27,400

And, the book value is

= Purchase cost - depreciation expense

= $87,000 - $27,400

= $59,600

8 0
3 years ago
What is the FIRST action you should take if you suspect there has been a fraudulent charge on your credit card?
djverab [1.8K]
Okay call your credit card company up and ask them where the last purchase was and if your scared someone hacked into your account shut down your credit card. (if you do this you'll have to get a new one)<span />
8 0
3 years ago
Explain what is meant by "Information Technology (IT) flattens organizations?
Shalnov [3]

Answer: The answer is given below

Explanation:

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Information Technology (IT) flattens organizations simply means that information systems can help in the reduction of the levels in an organization through the provision of information to managers which will be used in the supervision of other emoloyees and also, lower-level employees could be given more authority relating to decision-making.

Since decision making has been pushed to lower level then fewer managers will be needed. This ensures that faster decision making are made and there's increase in the span of control.

5 0
3 years ago
What is the best scam ever in Business
mixas84 [53]

Like toys r us it failed because they always had low costs and low profits from their toys.

6 0
3 years ago
Read 2 more answers
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