1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
jenyasd209 [6]
3 years ago
9

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
What is the SNAP food program governed by the farm bill
nevsk [136]

Answer:

The Supplemental Nutrition Assistance Program (SNAP) helps families, older adults, and individuals pay for groceries. ... SNAP benefits provide food security, stimulate local economies, and support farmers and the agriculture industry through the purchases of Pennsylvania-grown and processed foods.

Explanation:

3 0
3 years ago
On August 20th, one of your employees comes to you with a vacation request. The employee’s available vacation time expires on Se
dexar [7]

Answer:

No

Explanation:

Her vacation is expired and therefore invalid. Also she is requesting for a pay during this period which counters Amy form of sympathy for this employee. However, depending on the relationship the employee has with her employer, there might be a compromise especially if the employee really does need the vacation as she may be burned out or may have postponed vacation till expiration for the interest of the company

3 0
4 years ago
Blue technologies manufactures and sells dvd players. great products company has offered blue technologiesâ $22 per dvd player f
jolli1 [7]

The expected increase in revenues is $2,20,000 .

The expected increase in costs is $1,40,000.

The Selling price per unit for the new 10,000 units order is $22. So, increase in revenues is to the extent of (10,000 × $22).

The question assumes excess capacity, hence fixed expenses will remain the same. The increase in Variable costs to the extent of (10,000 × $14) will contribute to an increase in costs.

4 0
3 years ago
an article titled “What the Top 1% of Earners Majored In,” that 8.2% of Americans who majored in economics for their undergradua
RUDIKE [14]

Your economics training provides you with a terrific set of job skills, and in fact the economics major provides you with virtually all of the top ten most important job skills.

Economics are not restricted to one specific job category. Thus you have a wide variety of employment choices available to you. Because you have both quantitative as well as qualitative skills, however, it is natural to exploit your comparative advantage and find a position that utilizes both sides of your training.

The job market recognizes the special job skills that a major in economics provides. 80% of graduates in economics receive starting salaries in the range of $24,800-42,000 (

8 0
3 years ago
Suppose the company that owns the vending machines on your campus has doubled the price of a can of soda. if they then still sel
Ierofanga [76]
The answer would be that there are few other places to purchase soda on campus; competition (or lack thereof) can play a big factor in determining price elasticity.

While nutrition information can shift consumers' preferences, we have no indication within the question of whether or not the students are well-informed of the impact of their drinking choices.

As for the third option, we are not given any information on the students' budgets, and no information with which to infer this, either. We only have information on their spending as it is related to soda, not as compared to other purchases.

Finally, given that the quantity sold does not change much despite the change in price, we can conclude that this price curve is relatively inelastic, in which case the price elasticity of demand would be closer to zero than one. This effectively rules out the last answer.
8 0
3 years ago
Other questions:
  • An analysis of comparative balance sheets, the current year's income statement, and the general ledger accounts of Hailey Corp.
    15·1 answer
  • The price of coffee rose sharply last month, while the quantity sold remained the same. Five people suggest various explanations
    12·1 answer
  • ECON Good morning can someone answer this ASAP
    5·2 answers
  • Henncom, a company that manufactures computer spare parts, runs its operations in a small office. Owing to the increase in the d
    14·1 answer
  • Like a good economist, you calculated the opportunity cost of getting your college degree. Suppose that at your university, you
    13·1 answer
  • Why is price competition more of a factor in internet sales than other forms of retail?​
    9·1 answer
  • The following credit sales are budgeted by Swifty Corporation:
    13·1 answer
  • Youve got your budget, credit history and savings in order. Whats the nest step
    15·1 answer
  • In September, you made a profit of $5,456,963 with expenses of $2,456,654. What was your total revenue?
    8·2 answers
  • Question 2 of 20 what was the impact of mao zedong's great leap forward in china? o a. mao's oppression of urban workers allowed
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!