If a monopolist's production process has economies of scale and average cost exceeds marginal cost, then the government should make the price equal to the marginal cost.
Monopolies are businesses that are dominated by few people in the industry. They have little competition from others and have high barriers to entry.
They can sometimes reduce production to increase the price of their goods and services.
The government can regulate the activities of monopolies by making their price equal to the marginal cost.
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Answer:
D. Strategic focus
Explanation:
Strategic focus or focus strategy is is when a company concentrates its resources in a narrowly defined part of the market (market segment). It allows businesses compete on basis of low cost, differentiation and rapid response against much larger businesses which also in turn has larger resources.
It's usually employed where the company or the firm knows the segment of the market and has products to competitively satisfy it's needs focusing on that narrow aspect of the market to build a strong competitive advantage.
Answer:
<em>The right to leave the hospital against medical advice
</em>
Explanation:
A patient (or relative in charge, if patient is unconscious) always has full freedom to make a decision on their health, for example leaving the hospital or rejecting an exam, even if it goes against what the doctor treating him advice, this applies as long as the patient can make an informed decision, for this the patient needs to be mentally available and physically able to demonstrate awareness of the situation and mental stability.
If a patient is having mental issues and is not able to understand or process the information given that the patient is deprived of the right to leave the hospital against medical advice, especially if the patient is dangerous as they could cause problems.
Answer:
The answer is: C) Human capital is more important than financial capital.
Explanation:
Steve emphasizes the value of human resources or human capital. He is convinced that the prime factor in the success of a company is its human capital. The actions he takes empowers his staff by giving them a say in the decision making processes.
Answer:
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