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Taya2010 [7]
3 years ago
11

$25, which is higher than what the price would have been if the industry were a pure monopoly $25, which is lower than what the

price would have been if the industry were a pure monopoly $20, which is higher than what the price would have been if the industry were a pure monopoly $20, which is lower than what the price would have been if the industry were a pure monopoly

Business
1 answer:
Paul [167]3 years ago
6 0

Answer: $25, which is lower than what the price would have been if the industry were a pure monopoly

Explanation:

Your question is incomplete as it is missing some elements.

I have attached it to this answer.

In a Perfect Competition, the price is set at the point where Marginal Cost equals Marginal Revenue. It is worthy of note that in a Perfect Competition, the Marginal Curve and the Demand curve are the same so the point where MC intersects the Demand Curve in the graph is the price they will charge at which is $25.

This will however be less than what Monopoly would charge. A Monopoly would also charge at the point where Marginal Revenue equals Marginal cost. For the Monopoly that point is given at the 90 output point. If you then plot it to the Demand curve you will find that it is a figure greater than $25 which is Pm in the other graph I attached. That is what the price would be in a perfect Monopoly.

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Answer: D) cyclical

Explanation:

Cyclical Demand is difficult to predict because it goes according to the business cycle and hence is affected on a Macro Economic scale by events at a National or International level.

This means that something could be in demand today but the demand could fall or rise sharply based on the stage of the business cycle the economy is in.

8 0
2 years ago
What is the meaning of <br>Accountant​
melisa1 [442]

Answer:

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Explanation:

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5 0
3 years ago
The Bassos contracted with Dierberg to purchase her property for $1,310,000. One term of the contract stated, "[t]he sale under
s344n2d4d5 [400]

Answer:

Certainly, they cannot prevail.  The contract terms stated clearly that "time is of the essence of this contract."  The Bassos and Miceli and Slonim Development Corp did not actually respect this contract term.

The contract was expected to have closed at 10:00 am on May 16, 1988, and not after.  By the time that Dierberg left the venue, the contract should have been finalized.  Alternatively, if there were unseen delays, Dierberg should have been informed at least 30 minutes before 10:00 am.

Explanation:

The argument by Miceli and Slonim does not hold water.  The contract did require closing exactly at 10:00 AM, and not some time on May 16.  In my considered opinion, suing Dierberg is a waste of court time and process.

7 0
3 years ago
why do natural and geographical monopolies arise, and why are they often good for the economy and for consumers
babunello [35]
They arise because goods can sometimes be found only in certain parts of the world. A famous example of this was historically silk which was only found in China and everyone had to pay what the Chinese manufacturers said. It was good for Chinese economy because their merchants and silk manufacturers were rich, and in return the consumers were satisfied because they had the original high quality silk coming straight from China which ensured quality.
3 0
2 years ago
What’s a property owned by a business?
Dennis_Churaev [7]

Answer:

Personal property is property owned by an individual or business that is transportable and not fastened to or related with the land. Personal property is everything that isn't actual property (land and buildings).

Explanation:

8 0
2 years ago
Read 2 more answers
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