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2 years ago

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

Business

1 answer:

neonofarm [45]2 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

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Sally lee, the engineering manager, delegates tasks as a good manager should. However, mark hayes, the engineering director, has

miv72 [106K]

Answer:

The definition becomes defined in the clarification paragraph below, according to the particular circumstance.

Explanation:

As either the engineering boss, I believe Sally knows her technical employees better upon where people choose and hate about either the meetings that have been taking place. She understands that her workers like freedom but also that requesting them should report periodically or daily will potentially hinder their efficiency, and also some waste work and attention.
Therefore, Sally can find some middle ground path somewhere, practically. She might make an option in which those her boss, Mark Hayes, the director of engineering, including her staff should be satisfied with the conclusion reached. Sally would invite Mark please hold a regular meeting to provide a more excellent method rather than just group communication. Any efficiency improvements barely alter a day, cost too much, and often waste precious time. She should indeed, lift all the questions concerning her workers as well as the negatives involved with either the regular interactions.
She could also ensure fine to measure throughout her workers to hold regular sessions because it will encourage the business to always have a daily transcript of the conversation the week before and whether performance might be enhanced within this meeting can already be covered.

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2 years ago

Consider the farmer and factory owner example. If we give the farmer the right to clean air, what can the factory owner do to co

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3 years ago

Which of the following is a rule of thumb for cell phone or smartphone etiquette?

Makovka662 [10]

I would have to say D. all of the above

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2 years ago

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Suppose that households became mistrustful of the banking system and decide to decrease their checking account balances and incr

Talja [164]

Answer: The equilibrium interest rate should A. increase.

Explanation: The demand curve for money shows the quantity of money that is demanded at a given interest rate. The money supply model shows the money supply that is set at a given interest rate. If there is an increase in interest rates the equilibrium rate will increase to adjust for the rising rates.

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3 years ago

A company has a process that results in 12,000 pounds of Product A that can be sold for $8 per pound. An alternative would be to

eimsori [14]

Answer:

The correct answer is management should sell Product A now.

Explanation:

According to the scenario, computation of the given data are as follows:

Total production = 12,000 pounds

Sell price = $8 per pound

If process further, Cost = $80,000

Selling price = $14 per pound

So, If we sell the product without further process, than

Total sale value = 12,000 × $8 = $96,000

And, if we sell the product after further processing, then

Total sale value = (12,000 × $14) - $80,000

= $88,000.

As, sales value is more in selling the product without further process, so management should sell the product without further processing it.

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3 years ago