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Alexandra [31]
3 years ago
6

A single public utilities company is responsible for supplying electricity for an entire state. As a result, the utilities compa

ny can set the price of electricity.
True / False.
Business
1 answer:
marissa [1.9K]3 years ago
7 0

Answer: True

Explanation: Because the company is the sole supplier of electricity in this market, they have all the market power. Market power is the ability the company has to manipulate the market by influencing prices, the level of supply it provides and thus the demand within that market. Companies within markets such as these are known as "price makers", because they are able to change prices of their goods without losing market share.

Because the public utilities company is the sole provider of electricity within this market, they have no pressure or competition from other suppliers within the market. Therefore they have the market power to freely charge higher prices by limiting the supply of electricity. Or charge lower prices by over supplying electricity to consumers.

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You read in a business magazine that computer firms are reaping high profits. With the theory of perfect competition in mind, wh
Maru [420]

Answer:

(a) Go down

(b) Decrease

(c) Increase

Explanation:

a) In a perfect competition (PC) market, all market participants are price-takers. In other words, if a company decides to raise price of its current product, customers can easily switch to another substitute which is offered by another seller in the market. Thus, in a PC market, computer prices over time will go down.

b) Even though computer firms are reaping high profits, in the long-run, however, the profit will decrease because new companies will enter the market and offer customers a similar quality but lower price products. It is due to the nature of a PC market, where there is no barrier to entry.

c) Number of computer firm in the market over time will increase because there are no barriers that hinder the entrance of new computer firms from entering the market.

6 0
3 years ago
The director says, "we believe that direct instruction and drill and practice will help our kindergarten students master the ski
iVinArrow [24]

Answer:

teacher-centered approach

Explanation:

Based on the information provided within the question it can be said that this kindergarten is using a teacher-centered approach. This is an approach to learning that focuses and revolves around the teacher, thus the students focus their attention on the instructor/teacher while the teacher instructs and and provides them with information. Such is the case in this kindergarten as the teachers provide direct instructions/drills/practice while the students focus their attention on the teacher.

6 0
4 years ago
What percent of adults, nationally, were current on all credit payments in the last year?
Furkat [3]

The percentage of adults, nationally, that were current on all credit payments in the last year is 78.5% .

Your friend is incorrect in assuming that all will have high credit scores. because base on the fact that a lot young adults have no credit experience.  They are said to often have a high balance on too many credit card.

The state’s on-time payment record compare to the national rate is known to be Texas who are said to have an on-time payment record of 6.7% that is known to be lower than the national rate.

Miral county’s payment rate is 80%, 10% higher than the state of Texas.

The “clumping may be due to the types of jobs that are available to certain states.

<h3>The reasons our credit card or loan bill paid late?</h3>

The  reasons why our credit card or loan bill late said to be late is known to have a lot of serious effects if not managed. It can lead to:

  • Credit score reduction drastically, that can affect your credit report badly.
  • It can also  affect the types of opportunities, etc. that one can get through the credit bureau.

learn more about  credit payments from

brainly.com/question/2151013

8 0
2 years ago
7.Analyze the reasons why the demand for car may fall in future
Zinaida [17]

Answer:

Well it wont fall anytime soon but if it ever does maybe because cars are the worst investment you can make because they make nothing back for you.

7 0
4 years ago
Which of the following is the likely impact of the "unification of Europe"? Select one: A. The unification complicated inter-Eur
il63 [147K]

Answer:

The correct option is C

Explanation:

Many of the taxes and rules that have limited trade among member countries of the European Union were eliminated. A unification will simply imply that rules on limited trade among member countries are lifted and all taxes are either reduced to a barest minimum or eliminated as any unified trade agreement between countries.

3 0
3 years ago
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