Most people criticize monopolies for charging excessive prices, but economists disagree because monopolies do not produce enough goods and services to be allocatively efficient.
What is Allocative efficiency?
Efficiency, whether allocational or allocative, is the quality of a market where all products and services are efficiently divided among consumers in an economy. It happens when parties can use the precise and easily accessible information reflected in the market to decide how to employ their resources.
Why is a monopoly allocatively inefficient?
Companies with monopoly power can set prices higher than in a market with competitors. Because in monopolies the price is higher than MC, an unregulated monopoly provider is very likely to be allocatively inefficient. In a market where there is competition, prices would be reduced and more people would benefit from buying the product.
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Answer:
B) $3,580.14 million.
Explanation:
Market capitalization is the total value of the enterprise. It is the sum of total outstanding shares of the company. Market capitalization is calculated by multiplying outstanding shares of the company by current market price of the each share.
Market Capitalization = No. of outstanding shares * Market price of each share
Market Capitalization = 91.33 million * $39.20
Market Capitalization = $3,580.14 million.
The inappropriate use by managers may get out and stop customers from shopping there
Answer:
D. Find a balance of relatively high traffic and motivated buyers.
Explanation:
Mitch Causey is the Director of Marketing at Lessonly, the easy learning software. Lessonly helps companies like Birchbox, Angie’s List, and ModCloth improve their employee learning programs by allowing them to build, share, and track their materials all in one place.
After consulting private clients, working in an organic search agency, and managing inbound marketing in a national, corporate environment, Mitch Causey is loving the autonomy and education that oozes out of the Lesson.ly culture. He leads the marketing efforts at the startup to help share these core values to the ripe-for-disrupting world of employee training.
<em>In a firm's income statement, interest payments on debt are deducted </em><em>before </em><em>corporate taxes are calculated, which</em><em> reduces</em><em> the firm's tax liability.</em>
<h3>Income statement: What is it?</h3>
An overview of the company's operations for a specific time period is provided in the income statement. The revenue (gross and net sales), cost of products sold, operational expenditures (selling and general and administrative expenses), taxes, and net profit or loss are the statement's primary components.
<h3>What is displayed on a firm's income statement?</h3>
The statement logically and coherently presents the company's revenue, costs, gross profit, selling and administrative expenses, other expenses and income, taxes paid, and net profit.
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