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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.

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Successive waves of globalization include characteristics such as the expansion of trade, the diffusion of technology, extensive
Jlenok [28]

Answer:

E) cross-fertilization of diverse cultures

Explanation:

Cross-fertilization of diverse cultures refers to several cultures mixing together and the result of that mix is that the best qualities or characteristics of each culture are absorbed by the other cultures.

This is a similar concept to the melting pot theory in the US, where diverse immigrants interacted together and they were able to get the best out of each other's culture.

3 0
3 years ago
Orchid Corp. has a selling price of $15, variable costs of $12 per unit, and fixed costs of $27,000. If Orchid sells 11,500 unit
Helga [31]

Answer:

Total contribution margin= $34,500

Explanation:

Giving the following information:

Selling price= 15

Unitary variable cost= 12

<u>First, we need to calculate the unitary contribution margin:</u>

Unitary contribution margin= selling price - unitary variable cost

Unitary contribution margin= 15 - 12 = 3

<u>Now, the total contribution margin for 11,500 units:</u>

Total contribution margin= 3*11,500= $34,500

6 0
3 years ago
Brown field investment
Veronika [31]
A brownfield (also known as "brown-field") investment is when a company or government entity purchases or leases existing production facilities to launch a new production activity. This is one strategy used in foreign-direct investment.
5 0
3 years ago
Universal Travel, Inc. borrowed $500,000 on November 1, 2021, and signed a twelve-month note bearing interest at 6%. Principal a
Hoochie [10]

Answer:

$5,000

Explanation:

Calculation to determine what Travel, Inc. should report as interest payable at December 31, 2021

Interest payable at Dec 31,2021= $500,000 * 6% * 2 months/12 months

Interest payable at Dec 31,2021= $5,000

(November 1 - December 31 = 2 months)

Therefore Travel, Inc. should report interest payable at December 31, 2021, in the amount of:$5,000

4 0
3 years ago
What type of Insurance protects a business against fire damage?
telo118 [61]

Obiesly Property. If your house was burned in fire your Insurance may provide property help in rebuilding your house.

7 0
3 years ago
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