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NemiM [27]
3 years ago
14

Explain which types of market inefficiencies derive from monopolies. Use examples from the textbook to support your claims. Desc

ribe the types of inefficiencies that derive from monopolistic competition. Use examples from the textbook to support your claims. How are monopolies and monopolistic competitive firms profitable? Use examples from the textbook to support your analysis.
Business
1 answer:
Sloan [31]3 years ago
5 0

Answer:

The two types of market structure, monopoly, and monopolistic competition, generate essentially the same two types of market inefficiency:

Charging prices higher than marginal cost, meaning that consumers pay a higher price than they would otherwise in a perfectly competitive market.

Producing a smaller amount of output that in a perfectly competitive market.

The difference is in the degree of the inefficiency: monopolies are more market inefficient, and cause more harm to consumers, while monopolistic competition is a less inefficient market structure, and only causes marginal harm to consumers when compared to the hypothetical results of a perfectly competitive market structure.

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Suppose a company earns a profit this year and has a dividend payout ratio of one half. What does this mean?
algol [13]

Answer:

C

Explanation:

The dividend payout ratio is the ratio of dividends paid to shareholders in proportion to net income

Payout ratio = dividends / net income

If dividend payout ratio of one half, it means that only half of net income is paid as dividends

7 0
3 years ago
Andrea Apple opened Apple Photography, Inc. on January 1 of the current year. During January, the following transactions occurre
nalin [4]

Answer:

Apple Photography, Inc.

Based on this information, the balance in the cash account at the end of January would be:_____.

b) $12,115.

Explanation:

a) Cash Account

Common Stock   $13,600

Insurance              (2,200)

Service Revenue   5,800)

Rent                       (1,600)

Office equipment (3,200)

Utilities                     (285)

Balance                $12,115

b) Apple Photography, Inc had a balance in the cash account at the end of January of $12,115 which was the difference between the cash inflows and cash outflows during the month.  The inflows represented cash received by Apple Photography  from the owners and customers and the cash paid for running the business.

6 0
3 years ago
Riverbed Corp has 8,400 shares of common stock outstanding. It declares a $5 per share cash dividend on November 1 to stockholde
Paha777 [63]

Answer:

Date       Account Titles and Explanation        Debit           Credit

1-Nov     Cash Dividends                             $42,000

              (8,400 shares x $5)

             Dividends Payable                                                   $42,000

             (To record dividends payable)  

1-Dec      No entry on this date

31-Dec     Dividends Payable                     $42,000  

                Cash                                                                        $42,000

            (To record payment of cash dividend)  

4 0
3 years ago
You are a member of a team of eight individuals from the same department who meet for a few hours each week to discuss ways of i
Mumz [18]

Answer:

True

Explanation:

A team of eight individuals from the same department who meet for a few hours each week to discuss ways of improving quality, efficiency, and the work environment are most likely a self-managed work team.

A self-managed work team is a self-organized, semi-autonomous <u>small group of employees whose members determine, plan, and manage their day-to-day activities and duties under reduced or no supervision.</u>

A self-managed work team can also be referred to as a self directed team or self-managed natural work team.

5 0
3 years ago
Read 2 more answers
An ever-expanding variety of goods and services are in demand by consumers all around the world. given the importance of world t
Vlada [557]

An ever-expanding variety of goods and services are in demand by consumers all around the world. given the importance of world trade, countries are inclined to attempt to control the trade for their own benefit.

The General Agreement on Tariffs and Trade is now administered by the World Trade Organization. The International Court of Justice is composed exclusively of U.S. judges. The Dispute Settlement Body of the World Trade Organization (DSB) is a bona fide court.

International trade allows countries to expand their markets and gain access to goods and services that were not available domestically. World trade has made the market more competitive. This ultimately leads to more competitive pricing and consumers get cheaper products.

Learn more about world trade at

brainly.com/question/13422134

#SPJ4

6 0
1 year ago
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