Market power exists in oligopolies, monopolistic competitive industries, and monopolies.
Market or monopoly power is the capacity of a firm (or collection of firms) to increase and maintain prices above the level that would prevail under competition. When market power is used, output is decreased and economic welfare is lost.
<h3>
Describe monopolies.</h3>
A scenario known as monopoly occurs when there is only one seller in the market. The monopoly case is viewed as the polar opposite of perfect competition in conventional economic analysis. The industry's downward-sloping demand curve is, by definition, the demand curve that the monopolist faces.
<h3>what is an oligopoly?</h3>
A small number of providers control oligopoly marketplaces, which are dominated by them. All nations and a wide range of industries contain them. Other oligopoly markets are substantially less competitive, though they may at first appear to be so in some cases.
<h3>What exactly is monopolistic competition in an industry?</h3>
In a market where numerous businesses provide goods or services that are comparable (but not exact substitutes), monopolistic competition is the norm. In a monopolistic competitive industry with low entry and exit barriers, no firm's decisions directly affect those of its rivals.
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Answer:
$(700)
Explanation:
in determining the incremental effect, we need to compare the current scrap value (without rework) with the net realizable value after rework.
Net Realizable Value (After Rework) = Sales Value - Cost of Rework
Using the values provided in the question, we get,
Net Realizable Value (After Rework) = 30,800 - 1,400 = $29,400
If the material is sold as it is, the company would realize $30,100.
Therefore, selling after rework would result in an incremental loss of $700 l.e (29,400 - 30,100).
The correct answer to this open question is the following.
I would like to choose the company called "Coops," a Swiss firm dedicated to operating supermarkets in Switzerland and other parts of Central Europe.
Their organizational structure is almost flat, with a dominant matrix work relationship that allows the management and the workers to have more direct and open lines of communication. This kind of organizational structure helps to have a more strong interrelation with the corporative culture in that employees feel more comfortable to establish communication with the hierarchy, are confidente that their opinions and suggestions are going to be taken into consideration, and this organizational climate allows for permanent feedback. This concept strengthens the corporate culture because employees are happy in the workplace, makes them more efficient and productive, behaviors that benefit the company because it allows it to have better results. And more importantly, these happy employees reflect their attitude when they are serving the consumers.
<span>Higher taxes will provide to the growing number of senior citizens. There are much more elderly citizens now than there were 50 years ago with the baby boomers aging into their golden years. In order to provide services for these individuals, taxes could likely increase to cover the increasing costs.</span>
Answer:
The answer is "".
Explanation:
Using formula:
Where m=compounding period