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Scilla [17]
3 years ago
12

If the marginal cost for oligopolies or cartels suddenly fell due to a new technology, then these firms would also be forced to

cut their prices.A. This is a true statement.B. This is a false statement.C. This is a true statement and the ATC would also fall.D. None of the above.
Business
1 answer:
Natasha2012 [34]3 years ago
6 0

Answer: The correct answer is "B. This is a false statement.".

Explanation: If they are companies that compete with each other, depending on the behavior of each one, it will be determined whether or not they are forced to lower prices. But if it is a cartel which colludes for the benefit of all, surely companies would choose to keep prices at the same level since, having a lower cost, would imply a greater benefit.

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Suppose that the market equilibrium price for a basic medical check-up is $50, in a market in which there is no health insurance
asambeis [7]

Answer:

The number of check-ups in this market would decrease.

Explanation:

This is an example of price ceiling.  

Price ceiling refers to a legal maximum price that is set by the government for a commodity to be sold.

Price ceiling set below the equilibrium price will result in a supply shortage as it will be effective and binding, while price ceiling set above the equilibrium price will not affect quantity supplied in the market as it will not be effective and binding.

Since the $40 price of heck-up is below $50 equilibrium price, it will result in shortage supply and the number of check-ups in this market would decrease.

5 0
3 years ago
The office of management and budget helps determine _____.
MissTica
How much money to give federal agencies
3 0
3 years ago
Read 2 more answers
On December 31, Briar Co. disposed of a piece of equipment that cost $6,000 with accumulated depreciation as of December 31 of $
Setler [38]

Briar Co. disposed of a $6,000 piece of equipment on December 31 with $4,500 in accrued depreciation as of that date. Then $1,500 will be debited from the Loss on Equipment Disposal account.

<h3>What is loss on Equipment Disposal account?</h3>

Gain/Loss on Asset Disposal is a common account name of the Equipment Disposal account.

The net difference between the initial asset cost and any cumulative depreciation (if any) is debited to the disposal account, while the balances in the fixed asset account and the accumulated depreciation are reversed.

On December 31, the debited amount is calculated as:

=\text{Disposed Equipment- Accumulated Depreciation}\\\\ =\$6,000- \$4,500\\\\ =\$1,500

Therefore, $1,500 will be the amount of loss on disposal of the Equipment.

Learn more about the depreciation, refer to:

brainly.com/question/14682335

#SPJ1

7 0
2 years ago
​natural resource investment company and mega bank are secured parties with security interests in property owned by lng gas corp
gogolik [260]
<span>This is true in most circumstances. However, there might be a few odd circumstances in the mix where it is not true. But in most cases, filing or perfecting your security interests before the other party will ensure that you have priority. As a result, it is generally a good idea to be punctual regarding these matters.</span>
6 0
3 years ago
Caroline and her husband Chris got divorced in May of this year. During the year, Caroline provided all the support for herself
nignag [31]

Answer:

D. Single

Explanation:

Divorce eliminates answer options B and C. Hans'age indicates that he is an adult despite his earnings, thus Caroline could not apply as head of household (answer option A).

Single is the most favorable filing status due to she is unmarried and does not qualify for Head of Household.

5 0
3 years ago
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