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Evgesh-ka [11]
3 years ago
13

A monopolist, unlike a competitive firm, has some market power. It can raise its price, within limits, without the quantity dema

nded falling to zero. The main way it retains its market power is through barriers to entry—that is, other companies cannot enter the market to create competition in that particular industry.In the following case, indicate which barrier to entry appropriately explains why a monopoly exists in each scenario.
The Aluminum Company of America (Alcoa) formerly controlled all U.S. sources of bauxite, a key component in the production of aluminum. Given that Alcoa did not sell bauxite to any other companies, Alcoa was a monopolist in the U.S. aluminum industry from the late 19th century until the 1940s.
Business
1 answer:
Nookie1986 [14]3 years ago
4 0

Answer:

1).Owing to the fact a large scale production reduces the average cost, and brings economies of scale. Thus, for a public water company select economies of scale

2).In cases of taxis the requirement of getting a licensing is a legal barrier instituted by the government. Thus select government created monopoly

3).For the final case the company controls a key resource so exclusive control over a key resource should be selected

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Airida [17]

Answer:

C. Both A and B

Explanation:

Operation Costing:

is the acccount of process costing until there is a split-point when the costing systems moves to job system.

This means the materials are calculate with calculate with process costing. And then there is a degree of customization which makes the job costing useful.

(A) FALSE is the other way around. The system use process costing until split point, when it switch to job costing for specific procedures.

(B) FALSE

An automobile manufacturer do the same car over and over.

There is no difference between the car. It will use process costing.

6 0
3 years ago
No formal steps are necessary to create a sole proprietorship. True or false?
larisa86 [58]

Answer:

True

Explanation:

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Gre4nikov [31]

Answer: C. $0

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6 0
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Is the concept of a team bonding through the subjugation and humiliation of some of its junior members valid, or do these behavi
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3 0
3 years ago
Which form of investment has the most amount of risk involved?
Salsk061 [2.6K]
Is this supposed to be a multiple choice question?  It is way fun to think about projects other people might be up to which carry outrageously high risk!

Restaurants are a common example -- there's a little bit of magic in whether a new restaurant will catch on and become popular.

Farming is pretty risky.  You can do everything right and have a hail storm come and ruin the crops.  That's why there are government programs and commodity markets that help farmers mitigate their risk -- because the rest of us who need to eat really need for people to be willing to farm!
8 0
3 years ago
Read 2 more answers
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