Answer:
The markup calculated as a result of information about the elasticity of demand
Explanation:
As a monopoly seller of pharmaceutical products the price set as markup would be above our marginal cost.
There are three facts about markup:
1. The Markup is not to be a price below marginal cost of the pharmaceutical product.
2. Markup is smaller when demand is more elastic. Remember if the price elasticity of demand is lower than 1, (negative) a rise in price causes an
increase in revenue for the seller.
Therefore having a -4 elasticity of demand could imply more profits for the firm.
Answer:
True
Explanation:
Blockbusting is grabbing the land of the real owners by deceiving them in terms like saying them that the surrounding land will be owned by uncivilized black people (a tastic used in some 1900s), religions that are threat to your coming offsprings and stuffs like that to emotionally force the white owner to sell their property at below fair value. Then later the land was sold to other customers at above fair value due to provision of facilities that were rare in those days.
Each firm in the monopolistic competitive industry produces a slightly differentiated product.
The monopolistic competition occurs where competitive firms produces or manufactures products or services that are similar and close substitutes to one another.
The characteristics of the monopolistically competitive market includes:
- presence of many sellers in the market
- easy entrance and exit of consumers in the market
- differentiated products in the market.
Therefore, the Option D is correct because each firm in the monopolistic competitive industry produces a slightly differentiated product.
Read more about monopolistic competition:
<em>brainly.com/question/25717627</em>
An ad by the Minnesota State Tourism Department, which promotes Minnesota as a vacation destination, was published in Life Mode magazine. The ad includes a picture of a couple against a scenic backdrop. In this print ad, the source of the advertising message is the Minnesota State Tourism Department
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Explanation:</u></h3>
Tourism department generates revenues to the government with the help of the natural resources and beautiful destinations that exists in a country. Money will be collected from the people who visits the places in the country. This type of depart earns a lot of revenue during the time of vacations.
They also promote by giving certain discounts and offers during vacation time for attracting many people towards that destination. They also give advertisements for making the people to support state tourism to generate resources for the nation. Thus, in the given example the source of the advertising message is the Minnesota State Tourism Department.
A fence is a person who regularly buys stolen property for resale and who often has a legitimate business to cover his activities.
Legitimate business means a bona fide, active and operating commercial or business entity, or a government agency, charitable institution, or other duly recognized non-profit organization that produces services or goods for profit. I mean
Legitimate Business Reason means a party's compliance with contractual obligations and applicable laws and regulations, including but not limited to data protection, in connection with any action by a party. increase.
Legitimate business interests include valuable and confidential business information, material relationships with specific prospective or existing customers, customer goodwill related to ongoing business, and professional training. increase. identification.
Learn more about legitimate business here: brainly.com/question/24553900
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