Answer:
Number of units it can sell and the number of customers it can serve
Explanation:
The ultimate market constraint (limit) on the amount of pricing power that can be exercised by a monopoly firm is the <u>number of units it can sell and the number of customers it can serve.</u>
<u>Generally</u>.
The price-setting ability of a monopolist faces two kinds of constraints:
1. Number of Units: The monopolist's price setting ability is limited by capacity as cannot sell more than a given quantity of its products
2. Number of Customers: The monopolist is additionally unable to serve more than a given number of consumers.
These 2 factors constrains the pricing power of the monopolist
Answer:
the answer is D) all of the above are equally useful in this case
Explanation:
why? every company who is planing to offers a new good or product its important to know to which market you want to sell it, and the average age, either the company who had been working with the same product, perhaps more capacity of production in the same market, you have to do a market strategy to know if you are able to get into the new market.
Answer:
Bonds affect the U.S. economy by determining interest rates, which affect the amount of liquidity and determines how easy or difficult it is to buy things on credit or take out loans for cars, houses, or education
<h2>
Please mark me as brainliest</h2>
Answer:
The correct answer is the third statement which says to maximize profits, the firm should produce less than 500 units.
Explanation:
The quantity of output produced is 500 units.
The marginal cost of producing 500 units is $1.50.
The minimum average variable cost is $1.
The price of the product is $1.25.
The firm will be at equilibrium when the price is equal to marginal cost. To maximize profits firm should decrease output to the extent that marginal cost comes to $1.25. At that point, the firm will earn profits as average variable cost is lower than the price.
