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amm1812
3 years ago
12

What does Market Power mean?

Business
1 answer:
Kryger [21]3 years ago
3 0
Market power is the ability of a company or a firm/firm group to raise and maintain the price of a product. This also means that they need to maintain the price above the level that will be better than its competitors. This can also be called as monopoly power as well. However, it can lead towards loss of economic welfare as well.
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In three to four sentences, explain why prices decrease when the market moves from a monopoly to perfect competition?
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When a company has a monopoly on a product, there is no other competition so that producer can price the product however high they want.  When there is competition, the product must be priced appropriately or the consumer will go to another option. Additionally, monopolies can result is a lesser quality product. 
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A process in which a third party reviews a case made by two sides of a negotiation is called ________.
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The third party is called a mediator 
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Frequently, project managers lack legitimate power based upon position and instead resort to persuading others based upon person
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B. referent power is the correct answer.

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  • Referent power is the capability of a leader who has the power to influence and motivate followers.
  • Referent power is power gained by those individuals who have influential and effective interpersonal relationships abilities.
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3 years ago
The following is the operating section of the statement of cash flows (direct method) of Battery Builders, Inc.: Collections fro
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Answer and Explanation:

The computation is shown below:

Sales ($28,000 + $3,000)  $31,000

Less: Cost of goods sold  ($13,000 + $2,000 - $3,000)  -$12,000

Operating expenses($9,000 - $2,000)  -$7,000

Depreciation expense -$4,000

Income tax expense  ($4,000 + $1,000)  -$5,000

Amortization expense -$1,000

Gain on sale of equipment $2,000

Net income $4,000

2.  

Net income $4,000

Add:  

Depreciation $4,000

Write-off of intangibles $1,000

Less:  

Gain on sale of equipment -$2,000

Cash flow before working capital changes  $7,000

Increase in accounts receivable -$3,000

Increase in inventory -$3000

Increase in accounts payable $2000

Decrease in accrued payable -$2000

Increase in deferred income taxes payable $1,000

Net Cash from Operations $2,000

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2 years ago
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