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Bas_tet [7]
2 years ago
15

Consumer surplus is Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer. a posi

tive in the case of a monopolist practicing perfect price discrimination. b zero for a single-price monopolist. c equal to the price minus the marginal cost. d less in the case of a single-price monopoly than in the case of a perfectly competitive industry.
Business
1 answer:
denis23 [38]2 years ago
4 0

Answer:

d less in the case of a single-price monopoly than in the case of a perfectly competitive industry.

Explanation:

A monopoly is a market structure which is typically characterized by a single-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. Any individual that deals with the sales of unique products in a monopolistic market is generally referred to as a monopolist.

For example, a public power company is an example of a monopoly because they serve as the only source of power utility provider to the general public in a society.

In a perfect competition, there are many buyers and sellers of homogeneous products, and there is free entry and exit in the market.

This simply means that, in a perfectly competitive market, there are many buyers and sellers (price takers) of homogeneous products (standardized products with substitute) and the market is free (practically open) to all individuals or business entities that are willing to trade all their goods and services.

Generally, a perfectly competitive market is characterized by the following features;

1. Perfect information.

2. No barriers, it is typically free.

3. Equilibrium price and quantity.

4. Many buyers and sellers.

5. Homogeneous products.

Examples of a perfectly competitive market are the Agricultural sector, e-commerce and the foreign exchange market.

Generally, consumer surplus is less in the case of a single-price monopoly than in the case of a perfectly competitive industry.

You might be interested in
Elc inc. is an electronic appliances manufacturer that has many strategic business units (sbus), among which, television and com
Sedbober [7]

Answer:

The answer is multi-divisional structure.

Explanation:

A company employing multi-divisional structure would usually function as a parent company that has many business units under it operating different business sectors. This is clearly the case of Elc Inc., since it both manufactures televisions and computers. The fact that both businesses share the same budget shows that the two business units are still operating in the same company.

4 0
3 years ago
Par value a.is the monetary value assigned per share in the corporate charter b.is established for a share of stock after it is
nika2105 [10]

Answer:

c.represents what a share of stock is worth

Explanation:

Hope it helped...Please mark brainliest. Have a nice day!

4 0
2 years ago
Dodge, Incorporated acquires 15% of Gates Corporation on January 1, 2013, for $105,000 when the book value of Gates was $600,000
nata0808 [166]

Answer:

Goodwill    35,000 debit

   Investment in Gates      25,000 credit

  Retained Earnings          10,000 credit

--to adjust for change of method--

Explanation:

600,000 x 15% = 90,000

purchased at     105,000

<em>goodwill of 15,000</em>

<em />

+ 150,000 x 15% of net income = 22,500

- 50,000 x 15% dividends          =   (7,500)

<em>investment at the end of 2013:</em>

90,000 + 22,500 - 7,500 = 105,000

Then we purchase 25%

105,000 represent 15%

thus 25% would be: 105,000 / 0.15 x 0.25 = 175,000

purchased at 200,000

goodwill of 25,000 to be recognized.

So, equity method will be:

105,000 + 175,000 = 280,000 for the proportional equity

and 15,000 + 25,000 = 35,000 goodwill

Total of 315,000

While fair value will not recognize goodwill. and also, the investment is not modified when dividends and the gain for the year are delcared.

It measure at cost unless the market value of the stock decrease so we got:

105,000 1st purchase + 200,000 2nd purchase = 305,000

To adjust we are going to decrease investment by 25,000 and increase goodwill by 35,000 the other will go into retained earnings to balance out.

8 0
3 years ago
If there is a high demand for a product, the price for that product will
bija089 [108]

Answer:

lower

Explanation:

As people would make a smaller profit but more if it accumulating it to get bigger than expensive with less sales.

4 0
3 years ago
When people move to an area of the world that was previously unpopulated, we expect more consumers and more producers to spring
lukranit [14]

Answer:

The correct answer is option c.

Explanation:

When people move to a previously unpopulated area, the quantity of both consumers as well producers will increase. This will create an increase in both the demand as well as the supply. Both the demand and the supply curve will move to the right.

This rightward shift in both the demand as well as supply curve will lead to an increase in equilibrium quantity. The change in equilibrium price will depend upon the extent of change in demand and supply.

4 0
3 years ago
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