Answer: product differentiation
Explanation:
From the question, we are informed that Intel achieved success by using the "Intel Inside" advertising campaign and logo that appears on many brands of PCs.
This is an example of a barrier to entry which is known as product differentiation. Poduct differentiation is when a company makes its product different from other similar products so that the product will be more attractive and unique from others.
Answer:
the ending cash balance is $330,300
Explanation:
The computation of the ending cash balance is shown below:
Ending cash balance = Opening cash balance + Profit
= $270,000 + (9% × $670,000)
= $270,000 + $60,300
= $330,300
We simply added the opening cash balance and the profit so that the ending cash balance could come
Hence, the ending cash balance is $330,300
Answer:
A monopolist that practices perfect price discrimination
- a. creates no deadweight loss.
Explanation:
Theoretically, if a monopolist is able to practice perfect price discrimination:
- marginal revenue curve = demand curve
- consumer surplus = 0
- every customer pays the highest amount that they are willing to pay
- production level = perfectly competitive level of output