A monopoly is like a patent; It's good if you own one because you can control something and be the only person who makes money off of it.
It's bad because it defeats competition between other competing companies, and prices will go up
It's even worse when you consider what would happen if a dozen people or two monopolize the whole world. Then no one else would make money
Hope this helps!
Answer:
becauase if you dont then, if that problem ever continues again and you are for some reason not there that day then, your boss would need to know how to fix it
Explanation:
Answer:
c. Threat of regulation
Explanation:
Michael Porter's five forces model states factors for assessing an industry's attractiveness. Following are the five forces as per porter:
- Buyer power: Refers to negotiation power of buyers in a industry
- Supplier Power: Refers to supplier's power to charge a price for inputs.
- Threat of substitutes: Refers to competitors already making homogeneous or similar products.
- Degree of Rivalry i.e the intensity of competition in an industry
- Threat of new entrants: Threat of new firms entering the industry and gaining a market share.
Thus, Threat of regulation is not considered amongst 5 forces that are used to assess industry attractiveness.
Solution :
a). Bundles 
= U ( _____ , 2), lie on the same indifference curve. Suppose missing numbers is x.
So, 
(40 x 5) + (2 x 5) = 50x + (2 x 2)
210 - 4 = 5x
So Alexander has 
apples and 
bananas. The indifference curve though also include bundle.
Therefore, (41.2, 2)
b). 
= 0.4
So Alexander has apples and bananas with this bundle. Alexander would like to give up 
unit apples for a banana.
Answer:
Option B, both input and output prices will increase
Explanation:
Since the demand far smart watches is increasing, the price of watches will escalate to cater the opportunity cost. With the rising demand for smart watch, the demand for specialized input will also increase. Considering the growth in demand for specialized input, its cost shall also escalate to take the benefit of opportunity. Along with raw material, variable costs such as transportation, manpower, electricity etc. will also increase both in input (bringing raw material and producing final product) and output (export of the final product)
In nut shell, both the input and output price will increase.
