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sladkih [1.3K]
4 years ago
13

In a monopolized market: total surplus is higher than in a competitive market, while consumer surplus is lower. consumer surplus

is higher than in a competitive market, while total surplus is lower. producer surplus is lower than in a competitive market, while consumer surplus is higher. producer surplus is higher than in a competitive market, while consumer surplus is lower.
Business
1 answer:
Damm [24]4 years ago
5 0

Answer:

In a monopolized market, producer surplus is higher than in a competitive market, while consumer surplus is lower.

Explanation:

A monopolized market is a market in which there is only one producer or seller of a product. The monopolist has market power. A competitive market is a market with many buyers and sellers who cannot individually influence price. In a competitive market, the players are price takers. Consumer surplus measures the difference between what the consumer was willing to pay for a particular commodity and how much he actually pays. Producer surplus refers to the excess of price received by producer over the unit cost of production. Total surplus is the addition of consumer surplus and producer surplus.

In a monopolized market, total surplus is lower than in a competitive market because monopolistic market is characterised with lower quantity and higher prices when compared with competitive market. However, producer surplus is higher in a monopoly market than in a competitive market. This is because in monopoly market the seller makes economic profit by setting prices above his unit cost; this is not possible in competitive market since prices are set at the point where average revenue (price) equals average cost. There is dead weight loss in the outcome of a monopolistic market. This implies a lower total surplus when compared to competitive markets. Consumer surplus is lower in monopolized market because consumers pay higher prices for lower quantities than in competitive markets.

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cricket20 [7]

Answer:

$120,000

Explanation:

Data provided in the question

Purchase value of the home eight months ago = $160,000

The assessed value = $120,000

Appraised value = $167,000

By considering the above information, the ad valorem taxes is based on the assessed value i.e $120,000

So, the ad valorem taxes amount is $120,000 as this taxes is always based on the assessed value rather appraisal value or purchase vaue are given

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creativ13 [48]

Answer:

False

Explanation:

It is not necessary to have board-approved policies on environmental management as the only way to indicate that corporate social responsibility practices have become an insignificant factor in determining where multinational corporations conduct business.

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Which of the following is a way to compute GDP?
jek_recluse [69]

Answer:

C. add up the market values of all final goods and services is the correct answer.

Explanation:

  • By add up the market values of all final goods and services is a way to compute GDP.
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  • GDP is used to estimate economic activity in a country.  
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4 years ago
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BigorU [14]

Answer:

industrial products

Explanation:

A company that does this and mostly favors a push strategy is usually selling industrial products. That is because a push strategy focuses on taking the product to the potential customer and showing them how it works as well as how it can benefit them, therefore pushing the product on them. Industrial Products are great for such a strategy since they require actual demonstration and can easily show the potential customer the actual value that the product can provide.

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Answer:

Explanation:

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Why these options were chosen?

We can see from Jedida's behavior that she is task oriented, because the first thing she did when coming to new employment place is scheduling a meeting.

In a lot of circumstances such behavior could harm the trust and relationship between manager and the team.

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4 years ago
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