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netineya [11]
3 years ago
10

Market power"" Select one: a. Is the ability to lower costs and earn monopoly profits. b. is the ability to raise price without

losing all sales. c. becomes ""monopoly power"" when the degree of market power is sufficiently high. d. both a and b
Business
1 answer:
Rufina [12.5K]3 years ago
3 0

Answer:

The correct answer is option b.

Explanation:

Market power can be defined as the ability of a firm or a group of firms to increase the price above the competitive level and do not lose all the demand.

The firms in a perfectly competitive market have no market power because there are a number of firms in the market. If a firm increases the price, its demand will fall to zero.

In imperfect competition though, the firms enjoy a certain degree of market power.

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On December​ 31, Mercury Corporation has the following data​ available:
galben [10]

Answer:

37.25%

Explanation:

Average total common stockholders' equity:

= (Beginning common​ stockholders' equity + Ending common​ stockholders' equity) ÷ 2

= ($530,000 + $490,000) ÷ 2

= $510,000

Return on Equity = Net income ÷ Average total common stockholders' equity

                            = $190,000 ÷ $510,000

                            = 0.3725

                            = 37.25%

3 0
3 years ago
Which measurements is the same length as 1 meter
vampirchik [111]

Answer:

A yard.

Explanation:

It is roughly about the same length as a meter.

8 0
2 years ago
Read 2 more answers
"What advice would you give in this ethical dilemma? Brittani is serving as interim editor of the company newsletter. She receiv
scoray [572]
<span>Brittani is in an ethical dilemma because she does not want to disrespect the president written article but she must provide him with accurate feedback for the company. Brittani must approach the situation with respect and facts. The best way for Brittani to do this is to call the president and ask for a face to face meeting and to gently point out not only the flaws in the article but also the strong points.</span>
6 0
3 years ago
A company sells electronics and with a warranty attached and estimates that they will experience an estimated 5% of sales for wa
eimsori [14]

Answer:

b. debit warranty expense $10,000; credit estimated warranty liability $10,000

Explanation:

The journal entry to record the estimated warranty expense is shown below:

Warranty Expense  Dr $10,000  ($200,000 × 5%)

       To Estimated Warranty Liability $10,000

(being the warranty expense is recorded)

Here the warranty expense is debited as it increased the expense and credited the estimated warranty liability as it also increased the liability

Therefore the option b is correct

7 0
2 years ago
Suppose the market for smoothies is supplied by 11 competitors. Their respective market shares are 40%, 20%, 10%, 5%, 5%, 5%, 4%
S_A_V [24]

Answer:

0.75

Explanation:

Four firm concentration: Share of four firms / Total market share

Four firm share: 40 + 20+10+5

= 75

CR = 75/100

= 0.75 or 75 %

6 0
3 years ago
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