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Luba_88 [7]
3 years ago
11

________ is the ability to raise prices above the level that perfect competition would produce by restricting the quantity suppl

ied.
Business
1 answer:
katrin2010 [14]3 years ago
8 0

Answer:

Market Power

Explanation:

Market Power is the ability of firms to raise price above the level of perfect competition price. Perfect Competition charge Price = Marginal Cost, Imperfectly, other imperfect markets charge price > MC.

This power is used by imperfect market structures - monopoly, oligopoly, monopolistic competition. They can use this power because -  they have control over market price, as they comprise a significant part of market supply. Eg : Monopolies usually use 'artificial scarcity' model to maintain a surplus in market & charge higher prices.

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Which of the following designs safety regulations?
Nat2105 [25]

Answer:

the right answer is A.

Explanation:

because Those responsible for ensuring the health and safety of their workers are the professionals who study the regulation of these standards

8 0
2 years ago
Read 2 more answers
The Dawson Company manufactures small lamps and desk lamps. The following shows the activities per product and the total overhea
Nadusha1986 [10]

Answer:

235,000 total overhead

Explanation:

First we calculate the rate for activity

\left[\begin{array}{cccc}&Cost&Pool&Rate\\Setups&60,000&24,000&2.5\\Inspections&120,000&24,000&5\\Assembly&280,000&28,000&10\\\end{array}\right]

Next, we apply this rate to desk lamp

\left[\begin{array}{cccc}&Rate&Desk&Overhead\\Setups&2.5&16,000&40,000\\Inspections&5&15,000&75,000\\Assembly&10&12,000&120,000\\\end{array}\right]

Total Overhead will be the sum of each activity overhead

40,000.00 + 75,000.00 + 120,000.00 = 235,000 total overhead

3 0
2 years ago
Cost flow is in the order in which costs were incurred when using
ICE Princess25 [194]

Answers : last in, first out

Explanation:

8 0
2 years ago
Which of the following should be the primary goal pursued by the financial manager of a firm?a. Maximize net income (profits).b.
Neporo4naja [7]

Answer:

E. Maximize the market value of the firm's stock

Explanation:

7 0
3 years ago
The Clemson Company reported the following results last year for the manufacture and sale of one of its products known as a Tam.
Nikitich [7]

Answer:

See below

Explanation:

With regards to the above information, there would be no sales if Tam were to be dropped. Also, there would be no cost associated with it other than $145,000 fixed manufacturing overhead.

Again, since the net loss operating loss was $55,000, the $145,000 would increase that loss by $90,000.

7 0
2 years ago
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