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kenny6666 [7]
3 years ago
12

What is a market that runs most efficiently when one large firm supplies all of the output referred to as?

Business
1 answer:
stealth61 [152]3 years ago
7 0

Answer:

a natural monopoly

Explanation:

A monopoly is a market structure which is typically characterized by a single-seller (one seller) who sells a unique product in the market by dominance. This ultimately implies that, it is a market structure wherein the seller has no competitor because he is solely responsible for the sale of unique products without close substitutes.

A monopolist refers to any individual that deals with the sales of unique products in a monopolistic market.

On a related note, a natural monopoly is a market that runs most efficiently when all of the output is supplied by one large business firm. Thus, a business firm is considered to be a natural monopoly if it's capable of producing the total output of the market at a lower cost than two or more business firms could.

Some examples of natural monopoly are the United States Postal Service, electricity grid, water supply, gas network, sewer services, energy distributors, railway service, etc.

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an automatic deposit will put a set amount of money away into savings without you having to do it that way you will not have to worry about it and won't be tempted to spend it instead of saving it. it's a good strategy because it eliminates that temptation and makes it so much easier to save without falling off track

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2 years ago
If the price of gasoline increases, most likely, ceteris paribus, the result will
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A

Explanation:

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3 years ago
Read 2 more answers
Which statement describes the most common characteristics of oral narratives
Gennadij [26K]

Answer:

I have 3 statements

Explanation:

The characteristics of oral narrations are as follows.

1) They can be real or imaginary.

2) They are structured in dialogue, monolog and paragraph.

3) It is written in past tense

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3 years ago
Robert, who lives in Ohio, files a lawsuit against Trading Post, a Washington company, in an Ohio state court. The Trading Post'
ss7ja [257]

Answer: conducted substantial business with Ohio residents through the Web site.

Explanation: The sliding - scale standard confirms when exercising jurisdiction over an out of state defendant is allowed. It is only allowed when significant business has been conducted by this out of state company over the Internet with another state. In this case the out of state defendant is Trading Post, a Washington company, and it has dealt in transactions over the Internet with the state of Ohio via its website. Because the business conducted in Ohio is significant, it gives Robert the grounds to sue Trading Post, even though Trading Post is not based in the same state as Robert.

8 0
3 years ago
Suppose that the world price of oil is $70 per barrel and that the United States can buy all the oil it wants at this price. Sup
inysia [295]

Answer:

The supply and demand curves for the United States are shown in the graphs attached.

Explanation:

Free trade in oil implies that a country in the international oil market can import as much oil as it wants and export as much oil as it wants.

The costs of demand and the revenues obtained in each case are given below:

QD1 cost = 68 × 70 = $4,760

QS1 revenue = 16 × 70 = $1,120

QD2 cost = 470 × 70 = $32,900

QS2 revenue = 15 × 70 = $1,050

QD3 cost = 672 × 70 = $47,040

QS3 revenue = 14 × 70 = $980

QD4 cost = 874 × 70 = $61,180

QS4 revenue = 13 × 70 = $910

QD5 cost = 1076 × 70 = $75,320

QS5 revenue = 12 × 70 = $840

Find the graph attachments.

7 0
3 years ago
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