The answer is true. A monopoly is where a company, a group
or individual has the power of controlling or possessing supply or trade while
patent is where the government provides authority or license. If the monopoly
is considered to be bad, the patent will also be bad as it is associated with a
particular thing that has a purpose of doing bad since a patent is the
agreement, the patent is likely to allow the monopoly do something that is bad
or illegal as monopoly has the purpose of doing something bad.
Answer:
D. if profit were positive, then firms would enter, decreasing price, and if profit were negative, then firms would exit, increasing price.
Explanation:
Perfectly competitive firms are price takers, hence they cannot influence the price of their products.
Perfectly competitive industries have no barriers to entry or exist of firms ,so if in the short run, firms are earning economic profit, then firms would enter into the industry , decreasing price, and if profit were negative, then firms would exit, increasing price. This makes perfect competitive firms to earn zero economic profit in the long run.
Geography, cultural and social factors, economic conditions, and political and legal factors are the four parts of the international business environment
Answer:
Expl one year. To reorder, there is a fixed cost of $36, plus $11 for each storage device.anaMinimizing Inventory. An electronics store sells 100 digital storage devices per year. It costs $18 to store one storage device for one year. To reorder, there is a fixed cost of $36,tion:
