The fundamental source of monopoly power is? a. barriers to entry. b. profit. c. increasing average total cost. d. a product without close substitutes.

Answers

Answer 1

Option{D} is the correct answer.

The fundamental source of monopoly power is a product without close substitutes. Other companies cannot enter the market since there are no suitable alternatives. This is what establishes the entrance barriers that define monopolies. Additionally, it can increase profits and lower average costs overall. However, a monopoly would never develop if there were no alternatives, which is why it is the primary source of its power.

Understanding a Monopoly

A company that enjoys monopoly status lacks replacements for its goods and faces little internal rivalry. Monopolies have the power to set prices and erect obstacles to entry for rival businesses.

Companies can become monopolies by vertically integrating their operations to control the entire supply chain from manufacturing to sales, or by acquiring rival businesses to become the only producer.

Monopolies frequently benefit from economies of scale, the capacity to produce large volumes at reduced unit prices.

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Related Questions

For 2021, what is the maximum amount they can give to their family (including the sons- and daughters-in-law) without using any of their unified transfer tax credit?

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As of 2021, you may make an annual tax-exempt gift of up to $15,000 to any person. This means that you can give each of your ten children $15,000 per year without having to pay gift taxes on the $150,000.

What is Tax Credit?
Taxpayers can immediately deduct the amount of a tax credit from the taxes they must pay. Tax credits lower the actual amount of tax owing, as opposed to deductions, which lower the amount of taxable income. The amount of a tax credit varies on its category; some tax credits are only given to people or businesses in particular regions, classes, or industries. To encourage particular behaviours that are good for the economy, the environment, or anything else the government deems vital, the federal and state governments may offer tax credits. For instance, installing solar panels for household usage qualifies individuals for a tax credit. Adoption, schooling, and other expenses are all reduced by additional tax credits.

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The institute of management accounting competency framework defines how many areas of skills that accounting professionals need to remain relevant in a digital age?

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The institute of management accounting competency framework defines SIX of areas of skills needed or accountants to remain relevant.

What does the institute of management accounting competency framework say?

The institute of management accounting competency framework notes that for accountants to remain relevant in the digital age, they need six areas of skills.

Some of these areas include the strategy, planning, and performance domain and the Reporting and control domain.

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Face amount x annual rate x fraction of the annual period) is the formula for:___.
a. sales price of a good.
b. issue price of a security.
c. bad debt expense.
d. interest on a note.

Answers

Face amount x annual rate x fraction of the annual period) is the formula for:(d.) interest on a note.

What is the annual interest on a note?

The annual interest payment on a note or loan amount is determined as the loan amount or face amount, in case of a note, multiplied by the annual interest rate.

However, when the period of interest is less than 12 months (a year), there is a need to time-apportion the interest by multiplying the interest by number of months interest has elapsed divided by 12 months in a year, in short, we would multiplied by the interest by a fraction of the annual period that interest relates.

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A common approach by managers in determining how to allocate scarce funds is to rank investment proposals by taking into account ______.

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A common approach by managers in deciding how to allocate scarce funds is to rank investment proposals by taking into the account time value of money.

Why is the managerial approach important?

This builds their faith, gives them a sense of achievement, and helps them evolve into more resourceful, decisive, and independent. As a manager, your role is to then keep a close eye on improvement and only provide guidance if you see things going awry. This course is a great default for day-to-day administration. Management procedures are techniques that are used to direct and control an association.

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Which regions border the north central plains region in texas? question 2 options: mountains and basins and coastal plains mountains and basins and great plains great plains and coastal plains mountains and basins

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The region bordering the North Central Plains region in Texas is the great plains and coastal plains. North central plains is bordered by the great plains in the west and the coastal plains in the east.

A large area of flat territory in North America is known as the Great Plains, or simply "the Plains" at times. It is mostly covered with prairie, steppe, and grassland and is situated east of the Rocky Mountains and west of the Mississippi River. A coastal plain is a flat, low-lying area of land close to the sea. The boundary between a coastal plain and a piedmont region is frequently marked by a fall line.

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Answer:

THe answer is The Great PLains

Hope this helps!

Explanation:

When a currency is converted into another currency at a given time with an agreement to revert back to the original currency at a future specific time period, this is called a?

Answers

It is called a currency swap

A currency swap is indeed a rate of interest derivative in finance. It is a linear IRD in particular, making it among the most liquid benchmarking products to cover many currencies at once. It shares price similarities with interest rate swaps, FX swaps, and foreign exchange rates. A currency swap entails the conversion of interest—and occasionally principal—in one currency into the same amount in another. Foreign-based businesses frequently employ currency swaps to get loans from local banks at rates that are more favourable than those offered through currency swaps. Companies might change their loan terms by swapping in order to benefit from the present or anticipated market circumstances.

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One advantage of a fixed exchange rate system compared to a floating or managed float exchange rate system is:_________

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A fixed exchange rate system has advantages over a floating or managed float exchange rate system, including lower inflation.

Defining a Fixed Exchange Rate

A fixed exchange rate is a method used by a government or central bank to relate the value of the country's legal tender to the value of the currency of another country or the price of gold. The aim of a fixed exchange rate system is to keep the value of a currency within a predetermined range.

Maintaining a currency's value within a predetermined range is the goal of a fixed exchange rate system.

Fixed exchange rates increase the security of exporters and importers while helping the government maintain low inflation.

A number of developed nations adopted the floating exchange rate system in the early 1970s.

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If a price floor is imposed at $15 per unit when the equilibrium market price is $12, there will be:_________

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Answer:

there will be a surplus.

If victor and maria take out a bank loan for $1,600 and pay off their credit card debts totaling $1,600, what effects would these changes have on their net worth?

Answers

The effect on their net worth is zero , since an increase in debt is countered  by the same amount of decrease

What is net worth of an individual?

The net worth of an individual is the excess of their assets or belongings over their liabilities or debt obligations.

net worth=assets-liabilities

In the case, the assets  of Victor and Maria, cash, would increase by $1,600 and at the same time their liabilities, credit card would decrease by the same amount, which means that the increase in one borrowing is decreased by a decrease in another liability, hence, there is no  impact on the net worth.

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In the Unit, Nestlé is discussed as a company that is making efforts to use less:

water

land

oil

solar energy

Answers

The unit shows that Nestlé  is a company that is making efforts to use less Water.

What is Nestlé using less of?

The unit is not attached but based on news and current affairs, it is known that Nestlé is trying to use less water.

To that end, they have engaged in more efficient water treatment, withdrawals, and recycling.

This has helped Nestlé to reduce their water usage by about two-thirds in 2013 with plans to do more.

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If, as a person consumes more and more of a good, each additional unit adds less satisfaction than the previous unit consumed, we are seeing the workings of?

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If, as a person consumes more and more of a good, each additional unit adds less satisfaction than the previous unit consumed, we are seeing the workings of law of diminishing marginal utility.

According to the law of diminishing marginal utility, as consumption rises, the marginal utility from each extra unit decreases. As it may become completely unfavorable to consume another unit of any product, the marginal utility may decrease and turn into negative utility.

For instance, someone might purchase a specific brand of chocolate repeatedly. Because the satisfaction they were initially experiencing from the chocolate is waning, they may soon buy less and switch to another sort of chocolate or buy cookies in its place.

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A firm invests in building a manufacturing plant.this investment is an example of _________blank.

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A firm invests in building a manufacturing plant. This investment is an example of investment blank.

By using designating a price object (along with an funding in equipment or variable costs like tour or accommodation) to a activity, a cost aid enables you to use a cost to that work.

manufacturing may use as many value sources as you want for a job, in contrast to fixed charges.

the manufacturing of making an item or supplying a carrier, including the price of all assets hired in addition to the rate of no longer placing the ones resources to other makes use of.

price resources encompass one-time resource charges like your human beings's tour prices as well as "fixed" resource prices just like the price of the gadget they use. The manufacturing had to satisfy the task's tasks are represented by the work assets, who will burn up the most attempt.

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To calculate the _______ of an alternative, an individual needs to estimate _______ of the alternative.

Answers

To calculate the net benefit of an alternative, an individual needs to estimate both cost and benefit of the alternative.

How to calculate net benefit?

Net benefit is calculated by subtracting the cost of an alternative from the benefit that the alternative will give:

Net benefit = Benefit - Cost

This means that for us to know the net benefit of an alternative that is presented to us, we need to know the cost of that alternative, and the benefit of that alternative.

For instance, if we want to know the net benefit of licking 5 ice cream cones, we need to know the cost of those ice cream cones (health costs included) and the the value of the benefits that we give to that ice cream cone. This would show the net benefit.

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Personal papers are documentary materials of a private or nonpublic character that do not relate to, or have an effect on, the conduct of agency business. True or false?.

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Personal papers, it is true, are documents with a private or nonpublic nature that have no bearing on or relation to how an agency conducts its business.

Documentary materials utilized solely for personal purposes are referred to as personal papers. They consist of the following types of content:

Documents produced prior to joining the federal service: files from prior employment, political papers, and reference files Private documents made, received, or brought into the office include family and personal correspondence, records of work-related, extracurricular, or political activity, book and article manuscripts, drafts, and volunteer and community service records.

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What is the dollar-amount limit on federal question cases that can be brought in federal court?
a. $500,000
b. $250,000
c. there is no dollar-amount limit.
d. $1 million
e. $75,000

Answers

There is no dollar-amount limit on the federal question cases that can be brought in federal court.

What is a federal court?

This refers to the court that had an exclusive original jurisdiction in any dispute between the Central Government and the Provinces.

The amount of damages for a case in controversy must be more than $75,000, that is,  If the amount you seek to recover is $75,000.00 or less, you cannot file your action in federal court. Therefore, there is no dollar-amount limit on the federal question cases that can be brought in federal court.

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The major factor in investors' ability to finance the new industrial system was ______.

Answers

Answer:

Unite workers across ethnic, racial, and gender lines

Explanation:

Trek bicycle purchases only the highest quality raw materials to make products that will live up to its mission to build the best bikes in the world. As an organizational buyer, trek operates in which type of market?.

Answers

According to the aforementioned query, the trek bicycle industry serves the industrial market.

In an industrial market, businesses trade goods or services with other businesses rather than with a consumer base. This sector, also referred to as the business-to-business market, includes three different subsets: companies that sell goods, companies that sell raw materials, and companies that provide services. All three of these occur in various distinct industries.

The advantages of this sector above the conventional consumer market are numerous. The industrial market only focuses on the products and services used to create a distinct end product.

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Josh collins plans to buy a house for $281,000. if that real estate is expected to increase in value by 8 percent each year, what will its approximate value be six years from now?

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Josh Collins plans to buy a house for $281,000. if that real estate is expected to increase in value by 8 percent each year, $250,740 will its approximate value be six years from now.

Real estate is defined because the land and any permanent structures, sort of a home, or improvements attached to the land, whether natural or man-made. property may be a style of belongings. Key Takeaways. property could be a term that refers to the physical land, structures, and resources attached thereto.

Holding includes the property of the important estate, but it expands its definition to incorporate a bundle of ownership and usage rights. Real estate examples are all around us within the sort of homes, offices, shopping centers, hospitals, farms, etc.

The raw land a particular distance from our city is assets, then is that the road that gets us there. Many folks love working and investing in it because, by nature, the asset Real estate is tangible. There are three main forms of property: vacant land, residential properties, and commercial properties.

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marketers create value for customers when they develop products that allow consumers to satisfy their needs and wants through exchange relationships

Answers

When marketers create products that enable consumers to meet their needs and wants through trade interactions, they add value for consumers.

A marketer is someone who is in charge of establishing a connection or we can say value between the customer and the products or service that the business is providing by exchange relationships. This engagement is attained by keeping enormous inventories of products for supply or by effectively marketing the product to encourage significant sales. However, when marketers enter the picture, a significant misunderstanding results. Despite the fact that the terms sound relatively similar, there is a significant difference on a variety of levels.

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Abuse involves payment for items or services when there is no legal entitlement to that payment and the provider has not knowingly or intentionally misrepresented facts to obtain payment.

Answers

Abuse includes payment for products or services when there is no legal entitlement to that payment and the provider has not knowingly or intentionally misrepresented facts to obtain payment is a True Statement.

Abuse comprises incidents or provider actions that are contrary to established, ethical standards in medicine, business, or finance. The program may incur extra expenditures, inappropriate payments, or payments for treatments that do not adhere to generally accepted standards of care or are medically unnecessary as a result of these activities.

A few examples of abuse billing are billing for goods or services that weren't delivered and modifying claim forms to achieve a bigger reimbursement amount or charging the patient for a higher level of service than was actually provided to the patient.

Abuse involves payment for items or services when there is no legal entitlement to that payment and the provider has not knowingly or intentionally misrepresented facts to obtain payment. True/False

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Write a program that prints the balance of an account that earns 5 percent interest per year after the first, second, and third year

Answers

Python Input:

euro=1000

rate=0.05

y0=euro

y1=euro*rate+euro

y2=y1*rate+euro

y3=y2*rate+euro

print(y1)

print(y2)

print(y3)

Python Output:

1050.0

1052.5

1052.625

Python programming

Python is a general-purpose, high-level programming language. Its design concept prioritises code readability by employing heavy indentation. It is compatible with a variety of programming paradigms, including structured, object-oriented, and functional programming.

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Starting at long run equilibrium, ceteris paribus, a decrease in the costs of widely used factors of production would most likely:_____.

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Starting at long-run equilibrium, ceteris paribus, a decrease in the costs of widely used factors of production would most likely increase short-run aggregate supply.

What Is Equilibrium?

Prices must be stable due to a balance between market supply and demand. This is the state of equilibrium. As opposed to a shortage or undersupply, which raises prices and lowers demand, a surplus of goods or services typically results in lower pricing, which increases demand.

The equilibrium price is the one where supply and demand are balanced. The forces of supply and demand are essentially equal, and the market is in equilibrium when a major index experiences a period of consolidation or sideways movement. According to economists, price changes are typically close to the equilibrium values. Market dynamics will encourage sellers to enter if the price increases excessively.

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It is said that kone is embedding intelligence across its supply chain and enables smarter buildings. explain.

Answers

KONE started the next stage of its strategy, Sustainable success with consumers, in January 2021. With innovative intelligent solutions, we will increase the value we provide for clients during the four-year strategy term and further integrate sustainability into all of our activities.

Core goods and services: through connectivity and adaptability, they meet the unique demands of each client for a seamless experience. All goods and services shall be made as cost-effective and environmentally friendly as possible.

In order to provide customers with value in new ways, new customer value solutions are being developed and integrated with existing core products and services.

Smart and sustainable cities: become the go-to partner for the construction of smart and sustainable cities.

In this extremely fragmented and fast-growing economy, the service industry in China is becoming the undisputed market leader.

Core values and concepts form the foundation of our culture. We never err on the side of our core values. They consist of sustainability, quality, and safety. The core of our culture is comprised of our values, which stand for the attitudes and actions that KONE wants to encourage.

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What is the present value of $11,463 to be received 7 years from today? assume a discount rate of 3.5ompounded annually and round to the nearest $1

Answers

The present value of this money is $9,010.

What is compound Interest?

In other terms, compound interest is interest on principal + interest and refers to the addition of interest to the principal amount of a loan or deposit. Reinvesting interest, or adding it to the lent capital rather than paying it out or requiring payment from the borrower, results in interest being earned on the principal amount plus previously accumulated interest in the next period. In economics and finance, compound interest is common.

In contrast to simple interest, which doesn't compound because past interest isn't added to the principle for the current period, there is compounding with compound interest. The simple annual interest rate is calculated by dividing the period of interest by the number of periods in a year.

Thus, according to the annual compounding, the correct answer to the given question is $9,010.

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The cost of doing business is closely linked to the cost of money, which is known as:_______

Answers

The cost of doing business is closely linked to the cost of money, which is known as Operating cost.

What is Operating cost?

The ongoing costs related to the routine day-to-day operations of a business are known as operating costs. Costs of goods sold (COGS) and other operating costs, also known as selling, general, and administrative (SG&A) costs, are both included in operating costs.

The phrase "cost of goods sold" refers to expenditures that are directly connected to the manufacturing of a good, such as the supplies required to put one together and the transportation costs involved in getting goods from a distributor to a store. On a company's income statement, each sort of expense is listed as a separate line item.

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Broker audrey has a listing agreement with seller scarlett. one of audrey's salespeople commits a license law violation while interacting with scarlett. audrey?

Answers

Broker audrey features a listing agreement with seller scarlett. one among audrey's salespeople commits a license law violation while interacting with scarlett. audrey are often responsible due to representative obligations.

A listing agreement can be defined as a contract in which the property owner (as the principal) authorizes the real estate broker (as the agent) to find a buyer of the property on the terms of the owner. reciprocally for this service, the owner pays a commission.

Listing agreements authorize brokers to represent sellers and their properties to 3rd parties. An inventory agreement can be defined as an employment contract rather than a real estate contract: A broker is hired to represent the seller, but no property is transferred between the 2.

Even though the list of agreements is legally binding, the contract can in certain circumstances be terminated—for example, if the broker does nothing to plug the property. Additionally, the listing agreement will terminate if the property is destroyed (for example, by a fireplace or natural disaster), or upon death, bankruptcy, or insanity of either the broker or seller.

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In pure competition, customers see the different available products as close substitutes. many marketing managers compete by ______.

Answers

On one extreme of the market structure range, where there are many enterprises, is perfect competition. In this context, the word "many" has a specific meaning. Each company is so small in relation to the market in a completely competitive industry that it has no impact on the product's pricing. Every company that is totally competitive is a price taker. Numerous businesses therefore imply that each business is so little as to be a price taker.

The other end of the market structure spectrum, where there is only one firm, is called a monopoly. Monopolies possess monopoly power, or the capacity to alter the product's price. Market power, another name for monopoly power, is quantified by the Lerner Index.

Market structure characterized by a differentiated product and flexibility of entry and exit is known as monopolistic competition.

Monopolistic Competitive enterprises have two traits: one similar to a monopoly (a differentiated product gives it market strength) and the other to a competitive firm (freedom of entry and exit). A walk to the grocery shop reveals a sizable number of diverse products, such as toothpaste, laundry soap, morning cereal, and so on. This type of market structure is typical in market-based economies.

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The entry to record the receipt of payment within the discount period on a sale of $2,500 with terms of 2/10, n/30 will include a credit to?

Answers

The entry to record the receipt of payment is  $2,590 in accounts receivable.

What is Trade discount?

Trade discounts, also known as functional discounts, are payments made to distribution channel participants in exchange for completing a task. Storage and shelf stocking are two examples of these tasks. Trade discounts are sometimes bundled to cover a variety of services. For instance, 20/12/5 may stand for 20% off for storing the merchandise, 12% more off for shipping, and 5% more off for keeping the shelves filled.

Terms 2/10, n/30 state that payments must be made within 10 days of the date of purchase to receive a 2% discount, and payments must be made in full within 30 days to avoid a discount.

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During the adjusting process two transactions were neglected or omitted. The first is for unearned rent revenue of which $450 was earned during the period, the second was for accrued interest payable of which $275 is owed for the period. As a result of these omissions.

Answers

The omission related to unearned rental income could increase net income by $690 while eliminating accrued expenses, interest expense and interest payable, increased expenses and liabilities by $275. As a result, revenues are understated by $690 while expenses are understated by $275 so net income is understated by $140. Assets are not affected by this error, but liabilities are overstated by $140.

Unearned income is another name for the term “deferred income". It is used to define the process by which a company accepts payment from a customer before that customer receives a product or service. In many cases, companies rely on an upfront payment to complete the manufacture of the product before shipping it to the customer.

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Suppose that a decrease in the price of good x results in fewer units of good y being demanded. This implies that x and y are.

Answers

Decrease in the price of good x results in fewer units of good y being demanded This shows that x and y are substitute goods.

A product that can be used in lieu of another is known as a substitute. In the marketplace, substitutes are significant and viewed favorably by customers. They give consumers additional options, which improves their ability to meet their demands. Bills of materials frequently include substitute parts that, in the event that the primary part is damaged, can take its place. Substitutes give consumers options while they are making purchases. When there are at least two items that can serve the same function, such as an iPhone vs. an Android phone, substitutes happen.

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