Answer:
The authorities would issue a complaint if the network monopoly undertakes predatory practices to maintain its monopoly position
Explanation:
A monopoly is when there is only one firm operating in an industry.
The antitrust policy ensures the monopoly doesn't abuse its power and to protect consumers.
Predatory pricing is when a business sets its price very low with the intent of chasing out competitors from the market. This violates antitrust policy and as a result authorities would intervene.
I hope my answer helps you
Answer:
A business plan is a very important and strategic tool for entrepreneurs. A good business plan not only helps entrepreneurs focus on the specific steps necessary for them to make business ideas succeed, but it also helps them to achieve short-term and long-term objectives.
Explanation:
It is important to help articulate a strategy for your business. It also provides insight on steps to be taken, resources required for achieving your business goals and a timeline of anticipated results. And help your business prosper and grow.
Answer:
The options for the question are:
True
False
And the answer is:
False
Explanation:
Options outside of banking institutions tend to be attractive because they usually do not require a scan of the borrower's credit history, however, they are also riskier options because they frequently charge higher interest rates.
It's always best to go to a trustworthy financial institution when in need for a loan, even it a credit history study is required. This actually should be seen as positive because both the bank and the borrower make sure that the credit is not too risky before approving it.
Answer: The labor supply curve for a wealthy individual is usually more elastic than a poor person's labor supply curve
Explanation:
Tax could be described as individuals paying a particular percentage of their income and whatever they use then pay to the government. The aim of the tax being collected is to generate funds internally which could be used in maintaining the economy.
Despite the government attempts to make tax be one-sided, it yields little or no result in favour of the poor as they end up being well tax as same as the rich. Those who are poor make use of services regularly, and most societies have them than those who are already established. The labor supply curve for a wealthy individual is usually more elastic than a poor person's labor supply curve. We would realize that we have more poor people in labour than those who are rich.
Answer:
The amount of value created
Explanation:
Value creation occurs when a firm perform actions that lead to a rise in the worth or value of the product its produces or the service its renders.
The aim of any business is to create value that give better value to customers in order entice them to buy its commodity at a better price. As a result, the more value a firm creates, the wider will be the difference between the production cost of the firm and the value placed on the products of the firm. This will in turn make the buyers to buy the product of the firm at a higher price which will lead to a higher profitability of the firm.
The implication is that the best method for a firm to increase its profitability is to create more value.
Therefore, the difference between a firm's production costs and the value consumers perceive in its products is called the amount of value created.
