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Dmitry [639]
2 years ago
6

Which of the following is a source of market power for a monopolist? a. a firm may have a patent or copyright b. a firm may cont

rol critical resources c. a firm may have a government-authorized franchise d. a firm may enjoy economies of scale e. all of the above are sources of market power for a monopolist
Business
1 answer:
Tpy6a [65]2 years ago
6 0

Answer:

The correct option is D

Explanation:

Monopolist is a company, individual or a group which controls or regulates all the market for a specific good or service. They have little scope to improve their product as customers will have no alternatives available.

Source of market power they have a copyright or patent, control critical resources, enjoy economies of scale and have the government authorized franchise.

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Which of the following best illustrates the globalization of production?
I am Lyosha [343]

Answer:

You bought one DVD and found out from the small prints that the American movie it contains was shot in Canada, the DVD was manufactured in Portugal, and you bought it online at Amazon.com

Explanation:

he globalization of production is referred to as the sourcing of materials from locations around the globe for a production. Complete goods and services or parts are acquired from countries where they are available at lower opportunity costs are used to manufactured new products. The globalization of production is taking advantage of differences in the quality and cost of inputs in different countries.  

Advancement in information technology and transportation has fueled the globalization of production.  Reduction in international trade restrictions has made it possible for companies and countries to source for the factors of production, including capital, labor, and land from nations where they are least expensive.

7 0
2 years ago
The R.C.Willey furniture store has a sale for Memorial day weekend that if you purchase products that come over $499 a 60" TV ca
lions [1.4K]

Answer:

The R.C.Willey furniture store has a sale for Memorial day weekend that if you purchase products that come over $499 a 60" TV can be purchased for only $300. This sales practice is known as<u> bundling.</u>

Explanation:

Here, the firm is selling two goods at a lower price, if the consumer has also brought a product, that is price tying, for it to be bundling, the firm would have made it mandatory to buy both the goods at a certain price.

7 0
2 years ago
Read 2 more answers
Soar Incorporated is considering eliminating its mountain bike division, which reported an operating loss for the recent year of
ludmilkaskok [199]

Answer:

Decrease by $132,100

Explanation:

Computation of the given data are as follow:-

We can calculate the  Operating Income by using following formula:-

Fixed Cost = Fixed Cost * Dropped Rate

= $193,000 * 30/100

= $57,900

So, Operating Income = Sales - Variable Cost - Fixed Cost  

= $,1050,000 - $860,000 - $57,900

= $132,100

According to the Analysis, the operating income will be decrease by $132,100 if the business segment is eliminated.

8 0
2 years ago
A car parts company decides to discontinue the production of its lowest-selling products and instead focuses on its areas of exp
Ludmilka [50]

Answer:

A) Core Competency

Explanation:

Core Competency

Core competency refers to an organisation's strategic advantage over its competitors, it means the capabilities and the resources that a business must find, cultivate and explore in order to have an advantage over its competitors in the same line of business.

In order for an activity to be defined as a business' core competence, that activity must be unique, making it difficult for others to re-produce an it must also produce a unique level of benefit or value for the consumers of the product.

Since the car parts company has innovated a new automobile product with unique value, <u>It has cultivated and explored its core competency </u>

7 0
2 years ago
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You look up the phone number of the new pizza hut and repeat the number silently in your head until you find a pad of paper to w
aniked [119]
I believe that is called "rehearsal"
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2 years ago
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