1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Levart [38]
3 years ago
5

A natural monopoly is a monopoly that arises because one firm can meet the entire market demand at a lower average​ _____ cost t

han two or more firms could. A legal monopoly is a market in which​ _____ by the granting of a public​ franchise, government​ license, patent, or copyright.
Business
1 answer:
UNO [17]3 years ago
5 0

Answer:

Total, competition and entry are restricted

Explanation:

Monopoly is a market where there is a single seller, so the seller have the power to charge high prices from the customers. It arises because one firm meet the entire market at lower average total cost than 2 or more firms.

A legal monopoly or statutory monopoly, firm is protected by the law from the competitors. So, it provides the competition as well as the entry restriction.

You might be interested in
I need help with this question if someone could please help me.
marusya05 [52]
B is the correct answer.
7 0
3 years ago
A company has two departments, Y and Z that incur wage expenses. An analysis of the total wage expense of $19,000 indicates that
Xelga [282]

Answer:

Departmental wage expenses for Dept. Y = 8,750 and Dept. Z = 10,250.

Explanation:

Direct wages of Y and Z sum 2,000 + 3,500 = 5,500. The remaining expenses are the difference between total wage expense and direct wage expenses. That means indirect expenses are 19,000 - 5,500 = 13,500. These has to be allocated half for each department.

  • Dept Y expense is 2,000 + 13,500/2 = 2,000 + 6,750 = 8,750
  • Dept Z expense is 3,500 + 13,500/2 = 3,500 + 6,750 = 10,250
8 0
4 years ago
In an attempt to alter consumers' cognitive component of their attitude toward the Pepsi brand of cola, a freshness date was add
jenyasd209 [6]

Answer: ADD BELIEF STRATEGY

Explanation:In the given case Pepsi used the add beliefs strategy to change the mindset of the customers in the market. The add belief strategy in marketing is focused on increasing the confidence of the customer in the product.

By adding the freshness date on the cans, Pepsi was sending a message that they care for the health of the customers, thus, winning their confidence.

3 0
3 years ago
Which of the following types of business ownership has the highest personal liability risk?
r-ruslan [8.4K]
A. A sole proprietorship <span>is the type of business ownership that has the highest personal liability risk. You are on your own there, and if you make a mistake, the who business fails. </span>
8 0
3 years ago
Read 2 more answers
The customer service department at JNC, Inc. has been receiving phone calls from customers for whom there is no record. This is
kozerog [31]

Answer:

The correct answer is (C)

Explanation:

Recording sales is one of the essential processes to make sure the transparency within the company. It helps to cross-check sales whenever a company wants to. Overall, in the above scenario,  the customer service department has received calls from the customers but there is no record which shows that there are unrecorded sales which itself is a big red flag.

8 0
3 years ago
Other questions:
  • What is APPLE target market?
    11·1 answer
  • In a tiny village, on the coast of South America, early inhabitants used sea shells, as money. Some of these shells were very be
    11·1 answer
  • Mary exchanged an office building used in her business for some land. Mary originally purchased the building for $45,000, and it
    9·1 answer
  • A forward contract is described by:_______.
    12·1 answer
  • For each of the following, state whether you expect the distribution to be symmetric, right skewed, or left skewed. Also specify
    5·1 answer
  • How have airplanes changed the way the world does business? Check all that apply. by making long trips less expensive by making
    15·2 answers
  • The aggregate supply curve normally a. slopes downward and to the right due to higher resource prices. b. has a horizontal slope
    12·1 answer
  • Filer Manufacturing has 9 million shares of common stock outstanding. The current share price is $88, and the book value per sha
    7·1 answer
  • calculate how much credit created by commercial bank when there is a deposit of 80000, reserve requirement is 8% and withdrawl i
    12·1 answer
  • Which component of table setting would include the wineglass?
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!