Answer:
E. Ethnocentric orientation
Explanation:
In the ethnocentric orientation companies do not adapt the product to the other countries in which they have operations. These companies do the same they do in their home country in the other markets and this is a mentality that can result in an inability to see opportunities in other countries as managers are not willing to make changes that can target other markets in a better way.
As a result of the price ceiling, the monopolist will "produce more than the monopoly level of output ".
The monopolist's profit maximizing level of output is found by likening its marginal revenue with its marginal cost, which is a similar benefit maximizing condition that a splendidly focused firm uses to decide its equilibrium level of output.
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.
Learn more about Allocative efficiency: brainly.com/question/23879464
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i would say E) cause that 28 people that work when it was raised to $25
Answer:
Answer b) is correct.
Explanation:
The cellular phones are in the maturity stage of the product life cycle. In this stage, the costs of the products are relatively low so that a peak in sale volume occurs.
