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lesantik [10]
3 years ago
5

The demand curve for a monopolist differs from the demand curve faced by a competitive firm because the demand curve for: A. a m

onopolist lies below its marginal revenue curve. B. a monopolist is the market demand curve. C. a competitive firm is inelastic. D. a competitive firm lies above its marginal revenue curve.
Business
1 answer:
umka2103 [35]3 years ago
5 0

Answer:

B. a monopolist is the market demand curve

Explanation:

As we know that the under monopoly market the firm and the industry are similar to each other also the monopolist determined the price due to this he is a price taker and price maker and the curve of the demand would be downward that shifted from left to right

Therefore in the given situation, the option B is correct

And the rest of the options are wrong

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C. Short period to become operational

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What are the biggest obstacles faced by a brick and mortar company that wishes to establish an eCommerce website? (Hint: don't j
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Explanation:

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Answer:

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Date  Account titles & explanations Debit Credit  

Mar-01                 Rent expense           890  

                                  To cash                890  

Mar-03              Account receivable       100  

                           To service revenue                100  

Mar-05                          Cash      55  

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Mar-08                       Equipment            455  

                                        Cash                  60  

                               accounts payable                395  

Mar-12                              Cash      100  

                             To account receivable                100  

Mar-14                    Wage expense     390  

                                      To cash                 390  

Mar-22                   Utility expense        54  

                                       To cash                 54  

Mar-24                          Cash       1,110  

                             To notes payable               1,110  

Mar-27                Repair & maintenance       160  

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Mar-28                 Accounts payable       395  

                                         To cash                 395  

Mar-30                   Prepaid Insurance            1,330  

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Explanation:

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