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
Andru [333]
3 years ago
6

How does the market price of a good in a monopoly market compare with the market price of the same good in a perfectly competiti

ve market?
Business
1 answer:
Contact [7]3 years ago
4 0
<span>In a monopoly, prices are usually higher because there's no competition, whereas in a competitive market items that are not priced accordingly may never sell. For example, if you are the only bread-maker in town you can charge whatever you want - if people want bread they have to pay your prices, period. But in a competitive market where there are 20 other bread-makers, your prices have to remain competitive with the other 20 or no one will buy your bread.</span><span />
You might be interested in
Margaret, a consumer in a DTPA lawsuit, was able to prove that the licensee in her suit knowingly failed to disclose information
Naddik [55]

Answer and explanation:

The Deceptive Trade Practices Act (DTPA) of 1973 protects consumers from misleading information provided during the sale of a good or service. If a defendant is found liable in a DTPA lawsuit, the plaintiff is entitled to <em>monetary damages for the recovery of economic damages, anguish damages, discretionary damages, </em>and <em>attorney's fees</em>.

7 0
3 years ago
What entry would blue make to record the sale of the machine for $30,250 cash?
nirvana33 [79]
An increase in cash would definitely placed in debit because it considered an asset and we need to place the increase of sales on the credit side.
So, in this case, the entry would be

Cash       $ 30,250
       Sales                $ 30.250
6 0
3 years ago
Workers typically get dirty if they work at a job site for
KengaRu [80]
<span>Workers typically get dirty if they work at a job site for Landfills, Construction sites or in Slaughter Houses</span>
8 0
3 years ago
Read 2 more answers
Suppose that people in France decide to permanently increase their savings rate.Predict what will happen to the French bond mark
Elenna [48]

Answer:

The answer is: C) There will be an increase in​ wealth, creating a shift to the right in the demand curve for bonds in France. France can therefore expect permanent lower interest rates in the future.

Explanation:

When the residents of a nation decide to permanently increase their savings, that affects the economy in several ways. At first, it will lower the total demand for products and services (to be able to save money you must spend less) and increase the quantity demanded for bonds. This increase will lower the price (in this case interest rate) of bonds.

When the interest rates of bonds is lower, it means the cost of borrowing money for the general population will also lower. The interest rate commercial banks charge their clients always follow the interest rate of bonds. That will lead to greater investment and spending in the economy, and future economic growth.

6 0
3 years ago
Evaluate the following​ statement: ​"Saving money is not lending. How can it​ be? When I save my​ money, I put it in a bank. I​
salantis [7]

Answer:

The correct answer is option C.

Explanation:

When we save we deposit it in  the bank and do not loan it out directly. But the bank keeps a certain portion of it and lends out the rest to those who need credit. So, the savings that we deposit in the bank become the basis of credit creation.

That is why the statement about saving and lending given in the question is incorrect.

3 0
3 years ago
Other questions:
  • Why is the block letter format commonly used for business letters​
    7·2 answers
  • Real property is _____.
    5·2 answers
  • The costs associated with reengineering machinery and its location within the factory to increase efficiency would be considered
    11·1 answer
  • Anna Garden recently opened her own basketweaving studio. She sells finished baskets in addition to selling the raw materials ne
    5·2 answers
  • The correct cost flow in a job order costing system is: a. work in process; finished goods, cost of goods sold b. cost of goods
    5·1 answer
  • Which of the following is not an example of a financial transaction
    13·1 answer
  • Many performers, like singers, actors, and athletes, get paid large amounts of money. Do you think they earn these amounts or sh
    15·2 answers
  • Binta always consumes Chick-fil-A chicken with Chocolate Milkshake, she will only have some utility if she consumes them togethe
    15·1 answer
  • Which of the following statements regarding culture and government is true? Multiple Choice In the United States, there is a clo
    14·1 answer
  • Money is: multiple choice any good that buyers and sellers have a desire to purchase, use, or hold. anything that both buyers an
    11·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!