1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
tensa zangetsu [6.8K]
3 years ago
9

g A monopoly may exist because Question 21 options: a) government has refused to grant a public franchise. b) one firm has the e

xclusive ownership of a necessary resource. c) the firm is so large and is currently experiencing such vast diseconomies of scale that it can out-compete all newcomers. d) a and b e) a, b, and c
Business
2 answers:
Gre4nikov [31]3 years ago
8 0

Answer:

b) one firm has the exclusive ownership of a necessary resource

Explanation:

A monopoly is a situation where a single supplier of a commodity.

This gives the supplier the benefit of fixing a price that maximises profit for them. Consumers have no alternative so they pay the high price for the commodity.

There is no substitute good so there is no competition from other firms. Price is usually set at a high level so that the monopoly enjoys profit high above its marginal cost.

Monopolies exist because one firm has the exclusive ownership of a necessary resource not available to other firms.

matrenka [14]3 years ago
5 0

Answer:

B. one firm has the exclusive ownership of a scarce resource.

Explanation:

Monopoly can be regarded as market structure whereby a single seller thrives, this is a structure whereby the seller sells a unique product in the market. As far as monopoly market is concerned, no competition is been encontered by the manufacturer , because he is the only one selling goods with no close substitute. As a result of this there is restrictions of the entry of other sellers in the market.

It should be noted that monopoly may exist because one firm has the exclusive ownership of a scarce resource.

You might be interested in
What are personal loans?
patriot [66]

Answer:

personal loan is a specific amount of money you can borrow from the bank, with a fixed interest rate and you pay it back within a predetermined amount of time. 

5 0
3 years ago
Julie is driving down Interstate 95 on her way from New England to Florida and sees a billboard saying "South of the Border Rest
guajiro [1.7K]

Answer:

lagged effect

Explanation:

The lagged effect in advertising refers to a situation where continuous exposure to an advertisement will increase consumer awareness of the advertised product and eventually lead to the purchase of the product.

In Julie's case, it is the first time she sees a billboard advertising the South of the Border Restaurant and Motel, so the lagged effect is not present yet. She would need to see a lot more billboards before starting to consider eating or staying at that place.

3 0
3 years ago
The Akron Slugger Company produces various types of wooden baseball bats. It has calculated the average cost per unit of a produ
timama [110]

Answer:

The variable cost per bat is $10.15

Explanation:

The total cost can be calculated by multiplying the average cost per unit by the number of units. At the production level of 8000 units at $13 per unit, the total cost will be,

Total cost = 13 * 8000 = $104000

The total cost is made up of both fixed and variable costs.

Total variable costs = Total costs - total fixed costs

Total variable costs = 104000 - 22800 = $81200

The variable cost per unit  =  81200 / 8000  =  $10.15 per unit

5 0
3 years ago
Which of the following is not a principal dimension of a servicescape?
MArishka [77]

Answer:

C) facility location

Explanation:

There are three components or principle of servicescape that are applied for the study as a measure for satisfaction that involves the condition related to the ambient, spatial layout & functionality, and the symbol, sign & artifacts

But do not include the facility location

Therefore the option C is selected as it does not involed in the service scape

6 0
4 years ago
Word processing software allows users to do
julsineya [31]
Word processing software allows people to do many many things! You can create data heavy pieces of text, attach charts, add nice colourful shapes, and even include table sets of data. 

Software such as Microsoft Word will allow you to do all of this, and more. You can format text, stylise text, design a document, add in datasets, etc. All of these capabilities allow you to have a full range of abilities in order to create a beautiful, great informative document. =)
5 0
3 years ago
Other questions:
  • The short-run is- a time period in which the prices of output cannot change but in whihc the prices of inputs have time to adjus
    5·1 answer
  • What is the principal means of comparing credit cards?
    15·1 answer
  • Marketing can best be thought of as a(n)?
    12·1 answer
  • Butler corporation is considering the purchase of new equipment costing $30,000. the projected annual after-tax net income from
    10·2 answers
  • 4. Why do people sometimes use credit to pay for items instead of just using cash?
    11·1 answer
  • Why does the term debit not always mean increase and credit does not always mean increase.
    9·1 answer
  • The following transactions occurred during July: Received $900 cash for services performed during July. Received $5,350 cash fro
    9·2 answers
  • The beginning inventory at Midnight Supplies and data on purchases and sales for a three-month period ending March 31, are as fo
    12·1 answer
  • G To what extent do managers need to have experience in accounting and with financial statements?
    11·1 answer
  • which of the following is the component of the maintenance model that focuses on identifying, assessing, and managing the config
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!