All categories

3 years ago

How do monopolistic market structures determine prices to charge for goods and services?

Business

1 answer:

neonofarm [45]3 years ago

8 0

Answer and Explanation:

In the monopolistic market structure, there are many producers, sellers and consumers due to which the business does not have total control over the price of the market. In this market structure, there are barriers to entry and exit

As in this market structure, there are a various product that is differentiated that results in non-perfect elastic demand. Also, every firm has their own prices and products so the demand curve should be downward sloping

You might be interested in

Financial literacy refers to:

fredd [130]

Answer:

b) How well you understand and use personal finance information

Explanation:

Financial literacy involves understanding and using financial information. When applied, a person is in a position to understand their financial situation and possess the ability to make well informed decisions on matters relating to money. A financially literate person understands how much money comes in and how much goes out and for what purposes. All aspects of their financial wellbeing are intentional.

5 0

3 years ago

1. What determines the degree of specialization within an organization?

Aneli [31]

1. What determines the degree of specialization within an organization? The organizational structure of the company determines the degree of specialization within an organization. Dependent on how the organization is broken up into categories allows the organization to figure out how they are able to control and break down their organizations speciality.

2. What three steps are involved in delegation? The three steps involved in delegation include: Assigning responsibility, granting authority and creating accountability. Assigning responsibility refers to giving those who are able to perform a task the duty to perform it. Granting authority is giving someone authority to make a power decision in a given situation to complete the task. Creating accountability refers to making sure an employee knows they are to finish the task and needs to be successful in doing so.

3. How does a firm's top management influence its degree of centralization? Centralization refers to the control or lack there of under different authority within an organization. If the firms top management is strict on their structure the organization will probably be on a tight chain when it comes to who has authority. Likewise, if the firm’s top management was more laid back, they would likely give more people authority to make decisions.

4. Contrast line-and-staff and matrix forms of organizational structure? Line and staff structures within an organization refers to the many different types of functions within an organization. A matrix form refers to transformation within a category that movies items into their set, special properties.

6 0

4 years ago

Read 2 more answers

Gamma, Inc., has struggled for industry dominance with Ardent, Inc., its main competitor, for years. Gamma has gathered and anal

IgorLugansk [536]

Answer:

Option B, Causal ambiguity

Explanation:

Causal ambiguity defines the situation where there is lack of understanding of cause-and-effect interactions between resources and competitive advantage. This is the case with the Ardent having a competitive advantage over Gamma. It relates the ambiguity between resources and performance of available resources.

Option B is correct

3 0

3 years ago

Jasper pays a fair price for Rosa's five wooded acres in a valid contract. But, Rosa decides she does not want to give up the la

kicyunya [14]

Answer:

specific performance

Explanation:

A specific performance is defined as remedy issued by a court when a conflict in contact occurs.

This instructs a particular party to perform a specific task in a contract or complete execution of the contract.

In this instance where Jasper pays a fair price for Rosa's five wooded acres in a valid contract. But, Rosa decides she does not want to give up the land after and will not leave.

Jasper can seek a specific performance to compel Rosa to go through with the sale

5 0

3 years ago

Here are selected 2017 transactions of Novak Corporation. Jan. 1 Retired a piece of machinery that was purchased on January 1, 2

Oliga [24]

Answer:

dep expense 4,450 debit

acc depreciation computer 4,450 credit

to record depreciation for the computer

cash 4,700 debit

acc depreciation 22,250 debit

loss on disposal 9,250 debit

computer 35,600 credit

to record sale of computer

dep expense 4,160 debit

acc depreciation truck 4,160 credit

to record depreciation expense for the truck 2017

cash 9,500

acc depreication 16,640

gain on disposal 2,040

truck 24,100

to record sale of a truck

Explanation:

<u>Computer:</u>

35,600 / 4 = 8,900 depreciation per year

depreciation for 2017

january to june 30th --> half a year so half depreciation

8,900 / 2 = 4,450

then we do the sale of the computer

acc depreciation

from jan 1st 2015 to june 30th 2017

2 and a half year

8,900 + 8,900 + 4,450 = $22,250.00

book value 35,600 - 22,250 = 13,350

proceeds 4,700

loss on disposal 9,250

<u>truck</u>

Acquisition Value 24100

Salvage Value 3300

ammount subject to depreciation 20800

Useful Life 5

depreciation per year 4160

We need to do the entry for the depreication for the year.

Then we calcualte the gain/loss on disposal

accumualted from jan 2014 to dec 31th 2017

4 years

4,160 x 4 = 16,640

book value 24.100 - 16,640 = 7,460

proceeds 9,500

gain on disposal 2040

5 0

4 years ago