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neonofarm [45]
3 years ago
10

Evaluate the statement: A monopolist is a price-maker because this firm can charge whatever price it desires. What market condit

ions may challenge this statement?
Business
1 answer:
zzz [600]3 years ago
3 0

Answer:

Eventually no matter how much consumer needs a certain good or service, if a monopolist charges too much for it, the demand will start to fall, e.g. if Microsoft would start charging $2,000 for Windows licenses, eventually consumers would ditch Windows and switch to other operating systems.

Even if a monopolist is able to perfectly price discriminate, at some point consumers will no longer be able or willing to pay. No matter how much bargaining power a monopolist holds, consumers' income will always limit the maximum price.

You might be interested in
How did the search for a viable labor force affect the development of the southern colonies?
tatuchka [14]

Answer:

They became closer to the west indies and Barbados

<h3>Explanation:</h3>
  • The search for a viable labor force affected the development of the southern colonies because they became closer to the west indies and Barbados, as those are the countries they traded slaves with
<h3>What was the main labor workforce in the southern colonies?</h3>
  • The economy of growing cash crops would require a labor force that would be unknown north of Maryland.
  • Slaves and indentured servants, although present in the North, were much more important to the South. They were the backbone of the Southern economy.

To learn more about it, refer

to brainly.com/question/25309906

#SPJ4

3 0
1 year ago
Ingrid is single with no dependents. She has been in the hospital with a coma for the last 2 weeks. Her bills are piling up and
Ira Lisetskai [31]

Answer:

C. Whoever is named in her durable power of attorney

Explanation:

A Durable Power of Attorney can be used to allow another person to sign contracts, pay bills and take care of the banking on behalf of Ingrid. The Durable Power of Attorney remains effective even in circumstances when Ingrid becomes incapacitated. However, Ingrid needs to be mentally competent by the time of signing the Durable Power of Attorney.

3 0
4 years ago
A share of stock is now selling for $90. It will pay a dividend of $10 per share at the end of the year. Its beta is 1. What do
zubka84 [21]

Answer:

$96.20

Explanation:

A share of stock is now selling for $90. It will pay a dividend of $10 per share at the end of the year. Its beta is 1. What do investors expect the stock to sell for at the end of the year? Assume the risk-free rate is 4% and the expected rate of return on the market is 18%

Find complete question above:

The cost of equity=risk-free rate+beta*(market return-risk-free rate)

cost of equity=4%+1*(18%-4%)=18.00%

The price of the stock today is the present value of the price in a year's time and the expected dividend.

Share price today=(dividend+future share price)/(1+r)^n

share price today=$90

dividend=$10

future share price is the unknown

r=18%

n=1( 1 year from now)

90=(10+FP)/(1+18%)^1

90=(10+FP)/1.18

90*1.18=10+FP

FVP=(90*1.18)-10=$96.20  

8 0
3 years ago
Suppose that some teachers have decided that economic and financial uncertainty have made the prospect of retiring more​ risky,
Naya [18.7K]

Answer:

The correct answer is: "People are rational".

Explanation:

Economics is the study of people's rational options when faced with scarcity and uncertainty, and that happens to all of us. The problem is that people are hardly rational, because our nature often acts against our economic interests.

Not long ago and until today, the work is done during the day, that is, Monday through Friday; A reality for most people. However, much of the economic activity, both ours and the entire world, operates 24/7. Today, millions of workers have unpredictable schedules. This is especially common in jobs related to services and retail sales. For example, many chain stores use personnel algorithms with traffic and apparently this makes sense, but shareholders always expect efficient efforts to maximize profits. If not, however difficult it is, particularly for workers, to get another job.

6 0
4 years ago
What is an example of credit? A) A person withdraws money from a bank account using an ATM card. B) A person borrows money from
ahrayia [7]

Answer:

b

Explanation:

An example of credit is when a person borrows money from a finance company to buy a car. Once credit is extended to a person and is used for a purchase, the credit is converted to a debt, and the person has the financial obligation to repay the loan.

7 0
3 years ago
Read 2 more answers
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