A monopoly is a firm that sells all or nearly all of the goods and services in a given market. What determines if a firm is a monopoly producer

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Answer 1

A monopoly is a firm that exchanges or sells all or nearly all of the goods and services in a given market. In a single market, a corporation might be considered a monopoly producer if it provides a product with no close substitutes.

What is monopoly?

A monopoly is defined as one corporation holds a dominating situation in an industry or sector to the stage of omitting all other feasible competitors. Monopolies are mostly frowned upon in free-market countries.

Due to a deficiency of other choices for consumers, they are comprehended as modifying to price gouging and diminishing quality. A monopoly is an institution that sells all or almost all of a market's goods and services.

Therefore, If there is no close substitute available in the market, then the producer will be called as a monopoly producer.

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Related Questions

The use of displays, coupons, product samples, and other brand communications to influence shopping behavior in a store is termed Blank______.

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A shopper marketing involves the use of displays, coupons, product and  samples to influence shopping behavior in a store.

What is a shopper marketing?

This is a form of marketing that involves getting the consumer awareness and enhancing of their interaction either with a current or new products.

Hence, the function of this strategy is improve the consumer's shopping experience in order to drive sales.

Therefore, the strategy is known as shopper marketing.

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please give me ten pros and ten cons for online banking.

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Answer:

ADVANTAGES OF ONLINE BANKING

•Pay bills online

This might be one of the top advantages of online banking because you don’t have to take time out of your day to go to the bank.

•Transfer money

You may need to do a rapid money transfer to a client or vendor, or you may need to transfer money from one account to another.

•Deposit cheques online

Rather than driving to a bank branch and waiting in line, you may be able to deposit cheques online in minutes.

•Lower your overhead fees

If your business banks online, your banking fees may be lower, as online banks may not have to pay for the cost and upkeep of branches, and those savings may be transferred to you.

•24/7 account access.

Whether you’re on vacation or it’s the middle of the night, you can manage your banking.

•Simpler fund transfers.

It’s easy to move funds between your accounts, such as from checking to savings, using online banking.

•Better access to bank records.

Whether you need banking records for tax purposes or personal records, you can download statements and transaction records to print them at home.

•Improved visibility of account balances and transactions.

Knowing your account balances is always a few clicks away. You can also check to make sure a transaction has cleared and keep an eye out for unauthorized transactions so you can dispute them immediately.

•Ability to sync your accounts with your apps.

Online banking allows you to transfer information from your accounts to Quicken, Microsoft Money, Microsoft Excel, and other applications.

•Use of mobile apps.

Many banks allow you to use your mobile devices for online personal banking.

DISADVANTAGES OF ONLINE BANKING

•Technology disruptions

Online banking relies on a strong internet connection.

•Lack of a personal relationship

A personal relationship with your bank may be able to offer an advantage over online banking.

•Privacy and security concerns

Financial institutions have very good security, but no system is foolproof.


•Limited services

Online banking features a lot of services, but some of them still require business owners to go into banks to “wet sign” documents. This includes loan and credit applications, a large cash withdrawal or large deposits.

•Security and Identity Theft Concerns

In general, online banking sites and mobile apps are designed to be secure and banks are continually putting updated security protocols in place.

•Convenient but Not Always Faster

While it may take very little time to deposit a check via a bank's mobile app, you still need to wait for access to your money.

•A Limited Scope of Services

Although you can do quite a bit with an online bank account, such as make deposits, check balances and pay bills, there are limitations to the kinds of services you can access.

•Potential to Overspend

The ability to check account balances in the spur of the moment could potentially cause some people to overspend the limits of their checking accounts.

•Limitations on Deposits

Daily or monthly mobile deposit limitations may make it difficult for individuals, but especially businesses to make large deposits online.

•Low stimulus to savings

Due to the low interest rate that traditional banks usually pay to their savings clients, there is a low saving stimulus.

During the ________ stage, various elements of the marketing mix must be developed for testing such as copyrights, tentative advertising copy, packaging, labeling, and descriptions of a target market.

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During the Goals and Objectives stage, various elements of the marketing mix must be developed for testing the copyrights and tentative advertising copy.

What is marketing mix?

marketing mix serves as the term that describes anyone that is directly or indirectly involved in the business side of the enterprise.

Conclusively, at the Goals and Objectives stage, testing the copyrights and tentative advertising copy is important for the future of the business.

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The generic strategy in which an organization's advantage comes from being able to sell products at lower prices than its competitors is referred to as a(n) ______ strategy.

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The generic strategy in which an organization's advantage comes from being able to sell products at lower prices than its competitors is referred to as a low cost strategy.

What is low cost strategy?

Low-cost strategy is a pricing strategy characterized by low prices of goods and services using various saving methods. In a low cost strategy, the true winner is the company with the actual lowest cost in the market place.

The company here reduces real costs, which contributes to more customers and thus increases its sales.

Hence, the generic strategy in which an organization's advantage comes from being able to sell products at lower prices than its competitors is referred to as a low cost strategy.

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Which of the following is an example of nonverbal communication? shaking hands to greet a supervisor writing an email to a coworker talking on the telephone to a customer listening to a presentation at a meeting

Answers

Answer: shaking hands to greet a supervisor.

Explanation:

nonverbal communication is communication through a nonverbal platform. I.e eye contact, facial expressions, gestures, etc.

A(n) _____ projects the types and amounts of assets a firm will require to carry out its future plans and forecasts the amount of additional funds that will be needed to acquire those assets.

Answers

Additional funds needed is “extra money needed,” and it refers to other resources that will be needed for the company to expand its operations.

What do you mean by additional fund needed projects?

Additional funds needed is a way of calculating how much new funding will be needed so that the firm can truly look at whether it will be able to make some extra money and thus be able to achieve a higher level of sales.

Additional funds needed project the types and amounts of assets a firm will require to carry out its future plans and forecast the number of additional funds that will be needed to acquire those assets

Thus, the correct word is Additional funds needed.

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Journal entry for purchased goods from ABC Co. for Rs. 11,000.​

Answers

Answer:

purchase A/c. Dr. Rs.11,000

To ABC CO.A/c. Rs.11,000

(being goods purchased in cash)

All of the following are major IS planning functions except ________. Select one: A. align information systems with organizational strategy. B. develop IS priorities within the IS department. C. sponsor steering committee. D. communicate IS/IT issues to the executive group. E. choose the project team.

Answers

All the specified points related to the planning functions of information systems except the choice of the project team.

Option E is the correct answer.

What is the meaning of planning?

Planning is the process of thinking about the needed steps which are required to be taken to achieve the set objectives and targets.

The choice of the project team is the function of the project management and more precisely, it is the task of the project manager. This function doesn't have any relatability to the planning functions of information systems management.

Therefore, the choice of the project team is not a planning function of information system management.

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expenditures for residential care facilities ambulance providers medical care delivered in nontraditional settings such as senior citizens centers schools and military field stations and expenditures for the home and community waiver programs under medicaid represent what percentage of the cost of health care

Answers

The expenditures such as the medicaid programs represent about 5 percent of the cost of health care.

What is medicaid?

This is an insurance program that is done as a health coverage to millions of Americans in the United States.

The insurance helps to trake care of the costs of health care for the people that are unable to afford health care.

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Which of these actions could constitute a breach of the Civil Rights Act? A. The human resources department rejected Fatima’s application because she did not have the right qualifications. B. The human resources department rejected Fatima’s leave application because they were short staffed. C. The human resources department rejected Fatima’s application for a sabbatical because she had only worked for a year. D. The human resources department rejected Fatima’s leave application because she just got back from a long vacation. E. The human resources department did not promote Fatima because they thought that she would not be able to travel as frequently as the job required because she has two young children.

Answers

Answer:E. The human resource department did not promote Fatima because they thought that she would not be able to travel as frequently as the job requred because she has two young children.

Explanation: This action constituted a breach of the Civil Rights Act.

A firm that sells baseballs has estimated that at its current level of production its variable costs are $70 while its fixed costs are $50. The firm has sold $300 worth of baseballs this year. What is the firm's total profit

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The firm's total profit for this year based on the firm's current level of production is $180.

What is the total profit?

The total profit is the difference between sales revenue and total (variable and fixed) costs.

Data and Calculations:

Sales revenue = $300

Variable costs =    (70)

Contribution      $230

Fixed costs           (50)

Total profits      $180

Thus, the firm's total profit for this year based on the firm's current level of production is $180.

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Which of the following is not a characteristic of a Successful Resume?

Select 1 correct answer(s)
Question 15 options:

Focuses on skills. Uses action words to define the responsibilities of your job-related experience.


Easy to read and understand


Visually powerful and free of gimmicks


One page, or at most 2 pages long


Spelling & grammar has been checked


Must always be 100% true


It must be handwritten

Answers

The option that is not a characteristic of a successful resume is that It must be handwritten.

What are characteristics of successful resumes?

They are written in such a way that they are easy to read and have correct and checked spelling and grammer. The details within should be completely true and it should be free of gimmicks.

It is not important that the resume is handwritten, in fact, it shouldn't be handwritten at all but rather typed.

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Jill needs to pay the web developer who created a new website for her brokerage, but her checking account is low, so she floats herself a loan from earnest money kept in the brokerage’s escrow account to pay the developer. Which answer correctly identifies the violation(s) Jill has committed?

Answers

The term that has to do with the offense that Jill has committed by floating herself this loan is Commingling and conversion.

What is Commingling and conversion?

Commingling has to do with the way that cash is deposited into an account on behalf of a given client.

Conversion has to do with the use of the cash for purposes that are outside the reasons why it was deposited.

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If a manufacturing process takes 4 hours per unit of x1 and 2 hours per unit of x2 and a maximum of 100 hours of manufacturing process time are available, then an algebraic formulation of this constraint is: Group of answer choices

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The algebraic formulation of the constraint involved in this manufacturing process is c. 4x1 + 2x2 <= 100.

What is a constraint?

A constraint is a condition that an optimization problem must satisfy to provide a solution.

The types of constraints are:

Equality constraintsInequality constraintsInteger constraints.

Answer Options:

a. 4x1 + 2x2 >= 100

b. 4x1-2x2 <= 100

c. 4x1 + 2x2 <= 100

d. 4x1 2x2 >= 100

Thus, the algebraic formulation of the constraint involved in this manufacturing process is c. 4x1 + 2x2 <= 100.

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Which factors did you include in your response? Check all that apply.


Option A is not possible, because I do not have enough money saved.

Option B is not a good choice, because it is over my budget.

Option C is the best choice for my budget.




You can choose anything it wont matter

Answers

Option C is the best choice for my budget.

Answer:

All of the above

Explanation:

Since the elderly population in the United States is expected to grow rapidly in coming decades, should you invest in companies that make the products that the elderly will need

Answers

There should be no investment in the companies concerning manufacturing the products for the elderly people due to the rapid growth in the elderly population in upcoming decades.

What is an investment?

Investment is the process of acquiring some asset or property which will provide benefits in upcoming periods. It can be for a short period of time as less than a year or for a longer period of time like greater than one year.

The stock prices of the manufacturing companies (dealing in the production of goods used by elderly people) reflect the recent demographic variations, as a result, the investment in these companies would not be much profitable even if the population rises in the upcoming years.

Therefore, the companies engaging in the production of elderly people's goods should attract no investment.

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Gina wanted to tell her employees about an upcoming seminar, but she put the flyer in a stack of papers and forgot about it until after the deadline, so none of her employees were able to sign up for the seminar. What type of barrier has occurred in this situation

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Gina wanted to tell her employees about an upcoming seminar, but she put the flyer in a stack of papers and forgot about it until after the deadline. The event paints a picture of a sender barrier.

What is the sender barrier?

Generally, the Sender barrier can be defined by the following; The are the sender barriers Inadequate knowledge or thoughts about the receiver.

In conclusion, the type of barrier that has occurred in this situation is the sender barrier.

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While the straight-line method of amortizing bond premium or discounts keeps the amortization equal over the life of the bond, the effective interest method keeps the __________ equal over the life of the bond.

Answers

The answer will be interest rate

True or false: Depreciation on non-manufacturing assets and property taxes are considered general and administrative expenses and, therefore, are included on the general and administrative expense budget.

Answers

Answer:true

Explanation:

Answer:

true

Explanation:

Halcyon company purchased equipment on january 2nd, 2019, for $75,000. On december 30th, 2022, when the book value was $16,225, the company decided to discard the equipment. Journalize the appropriate entry on december 30th, 2022.

Answers

The journal entry on December 30, 2022, for Halcyon Company is:

Debit Assets Disposal $58,775

Debit Loss on Disposal $16,225

Credit Equipment $75,000

What is assets disposal?

Asset disposal is an attempt to write off an asset from the financial books of a company.

The asset disposal may be based on the sale of the old equipment or discarded due to obsolescence.

The appropriate journal entry is to credit the asset account while the disposal of the asset account is credited with the book value.

Transaction Analysis:

January 2, 2019:

Purchase of equipment for $75,000

Book value on December 30, 2022 = $16,225

Decision = discard the equipment

Accumulated depreciation on December 30, 2022 = $58,775 ($75,000 - $16,225)

Accumulated depreciation $58,775 Assets Disposal $58,775

Assets Disposal $58,775 Loss on Disposal $16,225 Equipment $75,000

Thus, the appropriate journal entry is to debit the Assets Disposal account and the Loss on Disposal account while crediting the Equipment account with $75,000.

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Greg and Barry have decided to not pay their income taxes in spite of understanding clearly that these taxes are needed to help run the country. This selfish behavior is the basis of a

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Greg and Barry have decided to not pay their income taxes despite knowing that these taxes are needed. This selfish behavior is the basis of a  prisoner's dilemma.

What is  prisoner's dilemma?

Prisoner's dilemma can be defined as the way a person or two person  know the outcome of the decision they are about to take and still go ahead to take the decision so as to to satisfy their own self interest.

A person or an individual with  prisoner's dilemma personality will often possess selfish behaviour.

Therefore This selfish behavior is the basis of a  prisoner's dilemma.

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Recognizing something as a revenue instead of as a liability has a positive effect on the reported financial statements because:

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Revenue and liability has influence on reported financial statements because;

it understates liabilitiesit overstates revenues

What is revenue and liability?

Revenue serves as the money that is been generated by the company as a profit while a liability serves as future sacrifices of economic benefits.

However, recognizing something as revenue instead of liability is dangerous because it can results in overstated net income.

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When Harley-Davidson advertises to reinforce the perception that the brand is masculine, rugged, and individualistic, it is building brand Blank______.

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Harley-Davidson is building brand personality by reinforcing the perception that his brand is masculine, rugged, and individualistic.

What is Brand personality?

Brand personality is a characteristics attributed to a brand name to which the consumer can relate.

It is an effective brand increases which empowers one's company to build connections with its target audience.

Hence, Harley-Davidson is building brand personality by reinforcing the perception that the brand is masculine, rugged, and individualistic.

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Just as banks and thrifts accept the deposits of and make loans to the public, the ______ accepts the deposits of and makes loans to banks and thrifts.

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If banks and thrifts accept the deposits of and make loans to the public, the central bank accepts the deposits of and makes loans to banks and thrifts.

What is central bank?

Central bank is a financial institution that have control over other banks and they help to regulate the flow of money or money in circulation,

Cental bank oversees the financial activities of other financial institution and they as well accept deposit and grant loans to banks.

Therefore  central bank accepts the deposits of and makes loans to banks and thrifts.

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The use of social network services and websites by consumers to share their latest purchases, deals, product reviews, and other shopping finds with friends and contacts is referred to as

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The task of doing online shopping by using various social networking sites where the customers share their perspectives about their latest purchases is referred to as social shopping.

What is social media?

Social media is an interface that allows individuals to interact from any part of the country. It can be through the mode of messaging, voice calling, or video calling.

Social shopping is an online method where the customers share their feedback about the products or services they have used or purchased now from social shopping sites. Their reviews will eventually help other people to know more about the product or service which can be positive or negative depending on the customer's perspective.

Therefore, the sharing of the latest product or service experiences by the customers on online shopping sites is a kind of doing social shopping.

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A presentation in the sales process is designed to match the benefits of a product to the client's ______.

Answers

Answer:

needs

Explanation:

Some business insurance policies cover "business interruption." If your business makes $300,000 per year and a flood prevents operation for 3 weeks, about how much money would you lose without business interruption insurance? a) $13,087 b) $15,566 c) $16,200 d) $17,308

Answers

Answer:

D): $17,308

Explanation: 300,000/365 = 822. 822 * 21 = 17300

Contracted parties discharge their obligations by doing what they respectively agreed to do under the terms of an agreement; this is called discharge by ______.

Answers

If Contracted parties discharge their obligations by doing what they respectively agreed to do: this is called discharge by performance

What is Discharge by performance?

Discharge by perfomance can be defined as the process in which a parties in a contract agreed to carryout or agreed to perform their duties based on the terms of their agreement.

By doing so the parties has fulfil their obligation based on their contract agreement which is know as discharge of performance.

Therefore this is called discharge by performance

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Which skills are most likely to start at birth and develop as a person matures?Planning aides work with _____.


school planners


city planners


federal planners


business planners

Answers

Answer:

im thinking C. or D.

Explanation:

A media company acquires a film production company, a film editing firm, and a film distribution firm. By owning different stages of movie making, the company is ________ integrated.

Answers

By owning different stages of movie making, the company is vertically integrated.

What is vertical integration?

Vertical integration can be regarded as process that involves acquiring business operations towards identical production.

It is also the merger of companies that are operating in same business even though they have different stages of production or distribution

Hence, by owning different stages of movie making, the company is vertically integrated.

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