A carrier owned and operated by the shipper is: ____

The model of competitive markets relies on these three core assumptions: 1. There must be many buyers and sellers—a few players

Maksim231197 [3]

Answer:

The government has granted the U.S. Postal Service the exclusive right to deliver mail. It is not a competitive market. This situation implies that there is a unique seller, which violates the first assumption made (many buyers and sellers), and because of it the U.S Postal Service is not price taking (it can influence on prices).
There are hundreds of high school students in need of algebra tutoring services in Miami. Dozens of companies offer tutoring services, and the parents who seek out tutors view the quality of the tutoring at the different companies to be largely the same. It is a competitive market. There are many sellers and many buyers (students' parents) which in practice implies that all of them are price takers. The quality of classes is the same for all companies which implies that the product is homogeneous (identical product), and if tutoring companies can entry or leave the market freely if when convenient (because there is not a law that prohibits entry for example, and if there is more profitable for them they just can go to work to others states of the country), all conditions are fulfilled.
A few major airlines account for the vast majority of air travel. Consumers view all airlines as providing basically the same service and will shop around for the lowest price. It is not a competitive market. There are many buyers, but not many sellers, wich implies that companies can collude (agree on higher prices for example). Because of the magnitude of investment related to airline industries, resources are not fully mobile: it is expensive to enter and to exit this market, and that generates a natural barrier to the third principle anounced in the statement.
There are hundreds of colleges that serve millions of students each year. The colleges vary by location, size, and educational quality, which enables students with diverse preferences to find schools that match their needs. It is not a competitive market. The product that is commercialized is not identical (education varies by location, size, quality, etc), which means that the service is not homogeneous, therefore, one of the conditions needed is not accomplished.

6 0

3 years ago

You are the regional sales manager for Standard Publishing Co. The company is preparing adjusting entries for the year ended Mar

solniwko [45]

Answer:

Standard Publishing Co.

The amount of subscription revenue that should be reported on the income statement for the year ended March 31, 2021 is:

= $35,000.

Explanation:

a) Data and Calculations:

September 1, 2020 Cash receipt for magazine subscriptions for three years = $180,000

This subscriptions is equal to 36 months subscription.

The amount of subscription revenue to report for the year ended March 31, 2021 = $35,000 ($180,000 * 7/36).

From the above calculation, a month's subscription revenue = $5,000 ($180,000/36)

Therefore, seven months' subscription from September 1, 2020 to March 31, 2020 = $35,000 ($5,000 * 7).

The unearned subscription revenue is debited with $35,000, while earned subscription revenue is credited with the same amount.

8 0

3 years ago

Taxpayer L has income of $55,000 from Norway, which imposes a 40 percent income tax, and income of $45,000 from France, which im

Tanzania [10]

Answer:

Listen to drake

Explanation:

I just want Points

4 0

3 years ago

Which of the following activities is the least expensive?

kramer

Probably swimming unless for photography you use a cheap camera :p

It really just depends how you look at it

3 0

4 years ago

Read 2 more answers

g If all resources used in the production of a product are increased by 10 percent and output increases by less than 5 percent,

vlabodo [156]

Answer: The firm is experiencing diseconomies of scale.

Explanation:

In economics, diseconomies of scale are cost disadvantages that economic agents such as individuals, firms and governments accrue as a result of an increase in the output or organizational size resulting in the production of goods and services at an increased per-unit-costs.

Diseconomies of scale in businesses lead to an increase in the business average costs as the business grows. Regarding the question, while resources are increased by 10%, output increased by less than 5% shows diseconomies of scale since there's increase in the cost.

6 0

3 years ago

A carrier owned and operated by the shipper is: _____