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Maslowich
4 years ago
7

The monopoly demand curve is _____________, while the perfectly competitive firm’s demand curve is _______________. This is beca

use a monopoly is the only producer in an industry, so the monopoly firm’s _______ curve is the same as the market demand curve, while the perfectly competitive firm produces in a market with ________ competitors.
Business
1 answer:
Amiraneli [1.4K]4 years ago
8 0

Answer:

Downward sloping; horizontal line; demand; large number of competitors

Explanation:

A monopoly is a market structure where there is only a single firm in the market. This firm is a price maker. It can charge whatever price it wants, but the consumers will demand more at a lower price.  

That is why the demand curve of a monopoly is downward sloping and the same as the market demand curve.  

A perfectly competitive market refers to the market structure where there is a large number of buyers and sellers. These firms are price takers. They face a horizontal line demand curve. This is because of a large number of competitors producing homogenous products. So if a firm raises its prices the consumers will move to the firm at a lower price.  

The market demand curve though is downward sloping.

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You are given the following information about aggregate demand at the existing price level for an economy: (1) consumption = $50
kolbaska11 [484]

Answer: C. Decrease government spending and increase taxes

Explanation:

The current GDP of this economy is $670 billion and this figure is higher than the $620 billion that the economy should be at.

This means that the economy is in danger of overheating and needs to be adjusted.

To do this one can use option C.

By REDUCING Government Expenditure, government purchases will drop which will aid in reducing the GDP.

By also INCREASING Taxes, the amount of money left for people to consume after they pay their taxes is less so that REDUCES Consumption as well leading to a smaller GDP.

Doing this is known as a CONTRACTIONARY FISCAL POLICY.

3 0
4 years ago
In the world of marketing, _____ are ideas about products or services
Burka [1]
I guess there should be an options to choose . Anyway I think that the sentence should sound like this: In the world of marketing, <span>concepts</span> are ideas about products or services
6 0
3 years ago
A machine makes three different components used in a gyroscope. Call these components A, B, and C. The following repeating sched
julsineya [31]

Answer:

350

Explanation:

Calculation for How many components are made in the production cycle

Components A 100 units

Components B 50 units

Components C 200 units

Total 350 components

Therefore How many components are made in the production cycle is 350 components

3 0
3 years ago
Need help ASAP! Tyyyyyy
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This is a question on Entrepreneurship. The two sectors where Mama Meals plays are:

  • Logistics and ;
  • Foods/Refreshment Sectors.

<h3>What are the two reasons why Naisiadet might be described as an entrepreneur?</h3>

  • The first is she knows how to identify Opportunities;
  • The second is, she knows how to convert opportunities in to money making operations. See The first sentence of the first paragraph; and the first sentence of the third paragraph.

<h3>Explain Two benefits to Naisiadet of Researching the market for the proposed business</h3>

  • The first benefits is that it helped her to discover the size of her market - 5% of the people in Nairobi.
  • The second is that they were middle income earners.
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Yes. Business plans are essential for laying out the long-term goals of a business.

Learn more about Entrepreneurship:
brainly.com/question/18294953
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3 0
2 years ago
The amount of increase or decrease in cost that is expected from a particular course of action as compared with an alternative i
Vikentia [17]

Answer:

Differential cost

Explanation:

Differential cost is defined as variance in cost that will be incurred between two courses of action. This is used to evaluate the best option of two investments under consideration.

The option that has more revenue will have less cost. So differential cost calculation is used to determine line of action that will bring least cost.

For example if one alternative action will entail use of a warehouse of $30,000, and the alternative is to use just in time inventory practice thereby requiring $10,000 in storage cost.

The best option is the just in time option

7 0
3 years ago
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