Firms often consolidate industries through horizontal mergers and acquisitions to increase their market power.
<h3>What is
market?</h3>
- A market is a collection of systems, institutions, processes, social relationships, or infrastructures in economics that allow parties to exchange goods and services.
- While parties may trade goods and services for money, the majority of markets rely on sellers providing their wares or services—including labor—to customers in exchange for payment.
- A market, in this sense, is the mechanism by which the costs of goods and services are decided.
- Markets enable distribution and allocation of resources in a community and facilitate trade.
<h3>What purpose do markets serve?</h3>
- Markets are crucial.
- They serve as the exchange mechanism for corporate stock and provide access to funds for firms.
- Markets have a key role in how prices are set, how liquidity is transformed, and how businesses may meet customer wants.
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Answer: A. Alaska auctions a limited number of licenses to harvest king crab.
Explanation:
The options include:
A. Alaska auctions a limited number of licenses to harvest king crab.
B. The U.S. and Canadian governments remove trade barriers, which allows for more trade of products like king crab.
C. Alaska removes taxes on diesel fuel, which lowers the price of diesel.
D. Alaska subsidizes the purchase of crab boats.
The socially optimal level of output will be achieved when there's allocative efficiency. It is the level whereby market failure is curtailed.
The policy choice that might produce the socially optimal king crab harvest is for Alaska to auction a limited number of licenses to harvest king crab.
This will help in the reduction at which the resource is overused as there'll be regulation and reduction in the number of person that can harvest king crab.
Answer:
$49,000
Explanation:
Donna's net worth is the total value of her assets minus the total value of her liabilities.
Donna's total assets = $142,000 + $1,000 = $143,000
Donna's total liabilities = $63,000 + $18,000 + $13,000 = $94,000
Donna's net worth = $143,000 - $94,000 = $49,000
Answer:
A. Churning
Explanation:
Employee Churning is also known as employee turn-over which is an act of laying off employees while recruiting new ones. It is a measure always taken to conserve a company's limited resources. The turnover rate is given as the percentage of employees being laid off or leaving workers over a period of time. There are a lot of factors contributing to churning such as downsizing through attrition either due to recession or scarcity of company's resources.
Answer:
D
Explanation:
Sales mix is a ratio of products sold. In this case, sales by golf ball type as a percentage of total sales is the sales mix as it shows the ratio of product sold.
