Why is the monopolist is a price maker?

Answers

Answer 1

Answer:

✒️Answer:

A monopoly firm is a price-maker simply because the absence of competition from other firms frees the monopoly firm from having to adjust the prices it charges downward in response to the competition. ... Absent that competitive atmosphere, a sole provider can set the price he or she wants.

Explanation:

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Related Questions

Your younger cousin Mary is a rising senior in high school this year and has been researching the cost of attendance at several colleges. She emails you because she knows that you have just learned about paying for college and she has some serious concerns. Here are some excerpts from her email: --Despite her strong academic performance in high school and her interest in pursuing a career in chemical engineering, Mary reveals, “I’m starting to think that college just isn’t worth it. I don’t see how a college degree is going to help me in the future if it costs so much. Aren’t I better off just going straight into a job with my high school degree and saving my money?” --“I’ve been looking at the published costs of attendance on college websites, and they’re insanely high! There’s no way my family and I can afford such prices.” --“I know financial aid is available for students, but I don’t know what types there are, let alone how to apply for financial aid. Even if I knew how to apply, should I apply? I don’t think I’ll qualify and I don’t want to put in all that work for nothing.” --“I know that I have to start paying my loans right after I graduate college. But what if I don’t have a job by that time? And what if I can’t afford my monthly payments? I don’t want to take that risk.” You recognize that Mary has a few misconceptions and gaps in knowledge about how to pay for college and want to make sure that she makes a decision based on the right information. In 4-5 paragraphs, respond to Mary about each of her concerns.

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Please note that the type of letter described above is an informal Letter. This is because there is an existing relationship with the recipient of the letter.

How do you write an Informal Letter?

An informal letter should:

have your address on the top right cornerhave the date of the letter underneath your addressstart with a salutation such as "Hello Mary"have an introduction that is may or may not be personal. But preferably personal since you know Mary personally. For example, "It's been a while, Mary, I trust this meets you and yours well."have a body that is clear, and specific. Remember your intention is to narrate your experience. Use short sentences.have a great closing. You may use "Best" or "Warmest regards", or "Best wishes" since this is an informal letter.

The last item should be your name and your signature. Your signature should come before your name.

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Anne is skilled at programming and wants to study computer science to become a systems analyst. She has researched the costs
associated with attending the school that offers her major and found it expensive to attend. She decides to enroll. What statement best
supports her decision to enroll?
O She can change majors and attend a more affordable university.
O She can obtain an associate's degree since it is cheaper than obtaining a bachelor's degree.
O She can work while attending college.
O She can apply for a scholarship to help fund her education expenses.

Answers

A statement which best supports her decision to enroll is that: D. She can apply for a scholarship to help fund her education expenses.

What is the decision-making process?

The decision-making process can be defined as a cognitive process that involves gathering (obtaining) information, analyzing them, and then evaluating alternatives, so as to enable the proper selection of an optimum solution (choice) to a particular problem.

In this scenario, we can logically deduce that the statement which best supports Anne's decision to enroll despite the expensive costs, is that she can apply for a scholarship to help fund her education expenses.

In conclusion, scholarship is a programme that is designed and developed to offer grants to qualified students in order to help fund their education expenses.

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A demand curve displaying the relationship between the price of cars and the quantity demanded of cars should have a slope that is Group of answer choices less than 0. between zero and 1. between one and infinity. undefined.

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Answer:

A demand curve displaying the relationship between the price of cars and the quantity demanded of cars should have a slope that is a. less than 0.

Explanation:

A demand curve displaying the relationship between the price of cars and the quantity demanded of cars should have a slope that is a. less than 0.

Why did the oil industry damage texas environment in its early years.

Answers

Answer:

water, air, and land was destroyed in the quest of money.

Explanation:

Water, air and many lands were destroyed due to the quest of money.

What are the 5 factors taken into account when calculating a credit score?.

Answers

Answer:

Payment history. Payment history is the most important ingredient in credit scoring, and even one missed payment can have a negative impact on your score. ...

Amounts owed. ...

Credit history length. ...

Credit mix. ...

New credit.

Explanation:

Allen Enterprises receives a $4,500, 5%, six-month note receivable from Wells Manufacturing. Allen also receives a $6,000, 4%, six-month note receivable from Felde Incorporated. What is the cash realizable value if Allen estimates bad debts as 2% of total notes receivable?

Answers

The cash realizable value from the two notes receivable if Allen Enterprises estimates bad debts as 2% of total notes receivable is $10,732.50

What are notes receivables?

Notes receivables are treated as assets because they give the holder a right to receive some future value based on the givers' promises.

They usually attract some interests.

Data and Calculations:

        Notes Receivable   Interest                                     Total amount

A           $4,500                $112.50 ($4,500 x 5% x 1/2)    $4,612.50

B           $6,000                $120 ($6,000 x 4% x 1/2)        $6,120.00

Interest rate for Note A = 5%

Interest ratae for Note B = 4%

Maturity period for Notes A and B = 6 months

Estimated bad notes = $210 (10,500 x 2%)

Thus, the cash realizable value from the two notes receivable if Allen Enterprises estimates bad debts as 2% of total notes receivable is $10,732.50 ($4,612.50 + $6,120).

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According to president reagan’s model for supply-side economics, the first step to triggering a cycle of growth was reducing taxes. raising taxes. regulating businesses. creating government programs.

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President Reagan's model for supply side economics emphasised on reducing taxes as the first step for triggering the cycle of Growth.

What is supply-side economics?

Supply-side economics is a macroeconomic theory in which focus is given on supply side. In this theory Tax reduction ,decrease in regulation will ultimately improve the economic growth.

Producers will pass on the benifits to employees and on production front the produce will be more with lower prices.

Reducing taxes as per supply side economics will trigger a cycle of growth. Hence Option A is correct.

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Answer:

A

Explanation:

In the country of Agronomia, banks charge 10 percent interest on all loans. If the general price level has been increasing at the rate of 4 percent per year, the real rate of interest in Agronomia is

Answers

Assuming the general price level has been increasing at the rate of 4 percent per year, the real rate of interest in Agronomia is 6%.

Real rate of interest

Using this formula

Real rate of interest=Interest on all loans-General price level rate

Where:

Interest on all loans=10%

General price level rate=4%

Let plug in the formula

Real rate of interest=10%-4%

Real rate of interest=6%

Inconclusion the real rate of interest in Agronomia is 6%.

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The report that compares actual performance and budgeted performance based on actual activity level is called a ______ budget performance report.

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Actual budget performance report compares actual performance and budgeted performance based on actual activity level.

What is a budget?

A budget serves as a term that describes how to place our needs on our income, it is a way to balance our expenses and income.

Actual budget performance report gives room to

compares actual performance and budgeted performance based on actual activity level.

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Answer:

Flexible

Explanation:

LUCA makes $58,000 per year, is single, and lives in Seattle, WA. He has $27,000 in Direct Unsubsidized federal loans, but he’s got another $62,000 in private student loans and lives in an expensive neighborhood, so his rent is high. He’s hoping to keep his Federal student loan payments to less than $200 per month for the first few years so that his budget will work out.

What is a potential downside of Luca's taking this loan repayment plan that works in his budge right now?

Answers

Answer:

A downside is that his budget may change or things like rent will increase

Explanation:

Hope this helps! Please let me know if you need more help or think my answer is incorrect. Brainliest would be MUCH appreciated. Have a wonderful day!

Patrick believes that it is his responsibility to speak on behalf of his team during meetings. However, Patrick's team members have not elected him to be their leader or spokesperson and feel that he is hindering them from expressing their opinions. This work team is most likely experiencing _____

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In this case, the team is experiencing a minority domination which make them to choose not to elect patrick to be their leader since they felt he will hinder them from expressing their opinions.

What is a minority domination?

A minority domination means a situation where a few members of a group dominate the team discussions.

In conclusion, because of the minority domination present in the team, these made them not to elect patrick to be their leader since they felt he will hinder them from expressing their opinions.

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Cerina likes to make products while ensuring that accidents are kept to a minimum. Which career pathway would be the best fit for Cerina? Maintenance, Installation, and Repair Quality Assurance Logistics and Inventory Control Health, Safety, and Environmental Assurance.

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Cerina enjoys creating items while keeping accidents to a minimum. Cerina's work path would be most suited to health, safety, and environmental assurance.

What do the health, safety, and environmental career fetch?

Employees in the Health, Safety, and Environmental (HSE) Assurance department make certain that:

In the workplace, the equipment is used safely.

Plan for safety in new manufacturing processes.

Conduct incident and hazard investigations in the areas of health, safety, and/or the environment.

Conduct incident and hazard inspections for health, safety, and/or the environment.

Implement programs, projects, policies, or procedures related to health, safety, and/or the environment.

Therefore, option (d) is the correct answer.

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Answer: Healthy,D-safety and Environmental assistance

Explanation: got it correct

When a manufacturer produces several products that are substitutes for one another and others that complement these products, it should use Blank______.

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It is important that a manufacturer uses a Product-line pricing when its produces products that serves as substitutes for one another and others that complement these products.

What is a Product-line pricing?

This is product pricing strategy that is implement when a firm has more than one product in a product line.

The pricing strategy ensured the profitability is achieved by a firm in the market.

Therefore, the pricing strategy is imporant to use when a products serves as substitutes for one another.

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What four factors must be taken into consideration to determine the right price for a product?.

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Factors that must be taken into consideration to determine the right price for a product are;

Costs of productionCustomers. Positioning of the products.Competitors that are available in the same market

What is a price?

Price serve as the the cost consumers pay for a product.

The price of a product is it's value, however, one needs to consider the cost of production as well as what the consumer wants.

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________ analytics finds the optimum value for a target variable by repeatedly changing other variables, subject to specified constraints.

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It should be noted that Extension of goal-seeking analysis, finds the optimum value for a target variable .

What is Goal seeking?

Goal seeking serves as one of the tools used in "what-if analysis" on computer software programs.

This analysis is performed by repeatedly changing other variables, subject to specified constraints.

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Please answer it is due in a hour please help

I will sure mark you as brainliest

Answers

Answer:

1.costs that do not change when sales or production volumes increase or decrease

2.Variable costs are costs that change as the quantity of the good or service that a business produces changes.

3.the level of production at which the costs of production equal the revenues for a product

Answer:

1) Fixed costs are costs that do not change when sales or production volumes increase or decrease.

2) A variable cost is a corporate expense that changes in proportion to how much a company produces or sells.

3) The breakeven point is the level of production at which the costs of production equal the revenues for a product.

What criteria cannot be used to create a custom segment?.

Answers

Answer:

The segment builder lets you create the component filters of a segment based on Analytics dimensions and metrics.You choose a dimension or metric a comparative operator and you enter a value to set the condition for the filter.

Explanation:

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A competitive market economy with low barriers to entry affords an entrepreneur with:.

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A competitive market economy with low barriers to entry affords an entrepreneur with

the opportunity to bring new and different products and services to the market.

A concentration of minerals that could now be legally mined at a profit is called a.

Answers

Answer:

Reserve. resource

Explanation:

concentration of natural minerals in or on the crust of the Earth with potential to be extracted for profit.

When roberto interviews for a job, he emphasizes how he can partner with the company to help it adapt to meet challenges.

Answers

A New Social Contract is emphasized by Roberro when he explained that he will help the company to adapt to meet challenges.

What is a New social contract?

These are social contracts that helps to bring about equitable prosperity for a firm.

They are usually based on principles that includes:

stakeholder capitalismskill developmenteconomic security etc

In conclusion, the New Social Contract is emphasized by Roberro when he explained that he will help the company to adapt to meet challenges.

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True or false: A capital gain on a stock is counted as part of the total return whether or not the gain is realized from selling the stock. True false question. True False

Answers

A capital gain on a stock is counted as part of the total return whether or not the gain is realized from selling the stock: True.

What is a Stock?

A stock is fractional ownership of equity in a company. Stock consists of all the ownership of an organization that is divided among members who acquire it. It is also an investment that represents ownership in a company.

In the case of a capital gain on a stock, it is counted as part of the total return whether or not the gain is realized from selling the stock. So this statement is True because the gain is also counted no matter the outcome of the stock.

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Experience has shown that 60% of sales are collected in the month of sale and 40% are collected the month after sale. Calculate expected cash collections for the month of april.

Answers

The expected cash collections for ABC, Inc's expected sales for the month of April is $156,000

What is budgeting?

Budgeting is the tactical implementation of a business plan. It is the process of creating a plan to spend your money.

Given the information above,

= Expected sales in March * 60% of sales are collected in the month of sale

= 160,000 X .60

= $96,000

= Expected sales in Feb * 40% cash collected the month after sale

= 150,000 X .40

= $60,000

Expected cash collections for ABC

= $96,000 + $60,000

= $156,000

Hence, the expected cash collections for ABC, Inc's expected sales for the month of April is $156,000

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What state in the country has the highest percent of their credit economy with subprime credit scores?.

Answers

Answer:

The state in the country has the highest percent of their credit economy with subprime credit scores is Mississippi.

Explanation:

hope this helps

The state in the country that has the highest percentage of credit economy with subprime credit scores is Mississippi.  

What is a credit score?

The creditworthiness of a client is shown by their credit score, which ranges from 300 to 850. The better a borrower seems to potential lenders, the higher their score.

A credit score is based on a person's credit history, including the number of open accounts, the total amount of debt, the history of payments, and other elements. Credit scores are used by lenders to determine the likelihood that a borrower would make timely loan repayments.

There are numerous credit bureaus in the US, but only Equifax, Experian, and TransUnion are of significant national importance. The market for gathering, examining, and disseminating data about consumers in the credit markets is dominated by this trio.

Financial institutions employ the credit score model that was developed by the Fair Isaac Corp., today is known as FICO. Although there are several credit scoring systems, the FICO Score is by far the most popular. A person may raise their score in a number of ways, such as by making loan repayments on time and maintaining a modest debt load.

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Patient satisfaction with va care and services is often reported to be at what percentage?.

Answers

Your highness, caught you sippin' on lean

Reminds me that's how it's supposed to be

Explanation:

Using the percentage-of-receivables basis, Continental Industries estimates it has total bad debts of $25,150. If Continentalâs trial balance shows an Allowance for Doubtful Accounts with a debit balance of $8,750, which of the following adjusting entries should the firm make? Bad Debt Expense = Debit of $16,400; Allowance for Doubtful Accounts = Credit of $16,400 Bad Debt Expense = Debit of $33,900; Allowance for Doubtful Accounts = Credit of $16,400 Bad Debt Expense =Debit of $16,400; Allowance for Doubtful Accounts = Credit of $33,900 Bad Debt Expense = Debit of $33,900; Allowance for Doubtful Accounts = Credit of $33,900

Answers

Answer:

Bad Debt Expense = Debit of $33,900; Allowance for Doubtful Accounts = Credit of $33,900

Explanation:

Bad Debt Expense = Debit of $33,900; Allowance for Doubtful Accounts = Credit of $33,900

Should the firm make the following adjusting entries:

Bad Debt Expense = Debit of $33,900; Allowance for Doubtful Accounts = Credit of $33,900

What is Bad Debt Expense?When a receivable is no longer collectible because a customer is unable to fulfil their obligation to pay an outstanding debt due to bankruptcy or other financial problems, a bad debt expense is recognized. For example, if a company with $2,000,000 in sales expects 2% of sales to be uncollectible, their bad debt expense would be $40,000 ($2,000,000 * 0.02). Consider a roofing company that agrees to replace a customer's roof on credit for $10,000. A bad debt is any loan or outstanding balance that a company considers uncollectible. Bad debt is normal and expected for businesses that provide loans and credit to customers. There will almost certainly be customers who are unable to repay their debts.

Therefore,

Should the firm make the following adjusting entries:

Bad Debt Expense = Debit of $33,900; Allowance for Doubtful Accounts = Credit of $33,900

When a firm's allowance account has a debit balance, the firm must add the debit balance ($8,750) to the required balance ($25,150) when making the adjusting entry (resulting in a credit of $33,900). The same amount should be deducted from the Bad Debt Expense.

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Francis has the Standard Plan offered by his employer and is making an Office Visit to an in-network doctor to treat his flu-like symptoms. How much would Francis be asked to pay by the office manager in the doctor's office?

Answers

When Francis gets to the office of the doctor he is not going to have to pay any amount of money due to the standard plan.

Why would Francis pay 0 dollars for the standard plan?

This is due to the fact that he is already covered by the insurance from the company that he works.

The plan requires one to pay pay some percentages for their health cost and the company that they work would pay some.

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Select all that apply Determine which of the following expenses are considered revenue expenditures related to a company vehicle. (Check all that apply.) Multiple select question. Engine overhaul Dent repair Installation of special equipment Car wash Oil change

Answers

Revenue expenditures are additional costs of plant assets that do not materially increase the asset’s life or productive capabilities. Hence, the answer the one that does not apply is Installation of special equipment.

Revenue expenditures related to a company vehicle

Engine overhaul Dent repairCar wash andOil change

Therefore, the one that does not apply is Installation of special equipment.

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Answer:

dent repair , oil change ,car wash

Explanation:

A company sells 800 units at $16 each, has variable costs of $12 per unit, and fixed costs of $1,200. Income is $

Answers

Assuming a company sells 800 units at $16 each, has variable costs of $12 per unit. The after-tax income is $1,200.

After-tax income

Using this formula

After-tax income=(Selling units×Selling price)-[(Variable costs×Selling price)+Fixed costs]×(1- tax rate)

Let plug in the formula

After-tax income=(800 units× $16 each)-[(800 units × $12 each)+$1200]×(1-.40)

After-tax income=$12,800-($9,600+$1,200)×0.60

After-tax income=$12,800-$10,800×0.60

After-tax income=$2,000×0.60

After-tax income=$1,200

Inconclusion the after-tax income is $1,200.

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If the money supply grows at​ 6% and the inflation rate is​ 2%, the quantity theory predicts that the change in real GDP will be

Answers

Answer:

I believe the answer is 4%

Explanation:

Choose the term that best matches the description given.

When the person at the counter at a fast food restaurant asks you if you would like fries with your order, he or she is practicing what?

A personal selling
B upselling
C pre-approach

Answers

Answer:

upselling

Explanation:

Since they are adding more to your order they are UPselling the product by adding more.

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