Business, 14.04.2020 18:44 caplode5112
Suppose you are advising a mayoral candidate in your town. The candidate’s platform includes strong opposition to monopoly suppliers because consumer welfare is compromised by monopoly pricing. Which of the following statements would present your candidate with an alternative view about why it may make sense to tolerate the existence of some monopoly firms? Instructions: You may select more than one answer. Click the box with a check mark for correct answers and click to empty the box for the wrong answers. Monopolies reduce average total cost when there are very large fixed costs in production. unanswered Some goods are too dangerous or important to let "just anyone" produce them. unanswered While monopolies reduce consumer surplus they increase overall social welfare through increased producer surplus. unanswered Some goods may not exist if it were not for the monopoly profits that a patent ensures to create incentives for research and development.
Answers: 3
Business, 22.06.2019 10:50
Choose the statement that is incorrect. a. search activity occurs only in markets where there is a shortage. b. when a price is regulated and there is a shortage, search activity increases. c. the time spent looking for someone with whom to do business is called search activity. d. the opportunity cost of a good is equal to its price plus the value of the search time spent finding the good.
Answers: 3
Business, 22.06.2019 20:30
Casey communications recently issued new common stock and used the proceeds to pay off some of its short-term notes payable. this action had no effect on the company's total assets or operating income. which of the following effects would occur as a result of this action? a. the company's current ratio increased.b. the company's times interest earned ratio decreased.c. the company's basic earning power ratio increased.d. the company's equity multiplier increased.e. the company's debt ratio increased.
Answers: 3
Suppose you are advising a mayoral candidate in your town. The candidate’s platform includes strong...
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