Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Sep 13, 2024

Which of the following is NOT a necessary characteristic of monopolies? a.Prices are set by the seller, not the consumer. b.There is just one firm

Which of the following is NOT a necessary characteristic of monopolies?

a.Prices are set by the seller, not the consumer.

b.There is just one firm in the role of seller.

c.The seller has a high level of market power.

d.The market is for a unique product without close substitutes.

e.Government plays a role in maintaining barriers to entry.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Using R For Econometrics

Authors: Florian Heiss

1st Edition

1523285133, 9781523285136

More Books

Students also viewed these Economics questions

Question

★★★★★

Describe a business problem your university has that you would like to see solved. How can information technology help solve it?

Answered: 1 week ago

Question

★★★★★

Classify the following services by their degree of customer contact (high, medium, or low). Also, determine how much uncertainty the customer introduces into the service delivery system by the...

Answered: 1 week ago

Question

★★★★★

=+To determine your character strengths, visit the Values in Action website at https://www.viacharacter.org.

Answered: 1 week ago

Question

★★★★★

A ski tow operates on a 15.0" slope of length 300 m. The rope moves at 12.0 km/h and provides power for 50 riders at one time, with an average mass per rider of 70.0 kg. Estimate the power required...

Answered: 1 week ago

Question

★★★★★

Which of the following is NOT a necessary characteristic of monopolies? a.Prices are set by the seller, not the consumer. b.There is just one firm in the role of seller. c.The seller has a high level...

Answered: 1 week ago

Question

★★★★★

On January 1, Hoover Corp. sold a machine for $1,050,000 to Tina Corp., its wholly owned subsidiary. Hoover paid $1.2 million for this machine, which had accumulated depreciation of $300,000 and an...

Answered: 1 week ago

Question

★★★★★

Please use the following information to answer the next question: A US firm's Accounts Payables (in UK) due in 1 year GBP 5,000,000 Current Spot rate for GBP is $2.00 Annual interest rate in US is 5%...

Answered: 1 week ago

Question

★★★★★

Epsilon inc. has just paid a dividend of $3 per share, and it is expected to pay a dividend of $3.15 per share in one year's time. Assuming that required return is 13% and the dividend growth will...

Answered: 1 week ago

Question

★★★★★

FAR 9.104-5 certification regarding responsibility matters is a DOD federal Acquisition Regulation that addresses the purchasing and disposition of items that are nonconforming. Explain.

Answered: 1 week ago

Question

★★★★★

Bob Martino has a checking account with a local bank. Under SEC independence rules, which condition would allow him to work on the firm's audit of the bank? The amount of money in his account is not...

Answered: 1 week ago

Question

★★★★★

uizlet mrs campbell purchased a small store at a cost of $500,000 she then decided to replace the stores roof at a cost of $10,000 according to Mrs campbell's accounting statements in three years the...

Answered: 1 week ago

Question

★★★★★

6-7 Why is big data so interesting to businesses? What challenges does big data present?

Answered: 1 week ago

Question

★★★★★

6-10 In this exercise, you will use database software to design a database for managing inventory for a small business. Sylvesters Bike Shop, located in San Francisco, California, sells road,...

Answered: 1 week ago

Question

★★★★★

6-12 In MyMISLab, you will find a Collaboration and Teamwork Project dealing with the concepts in this chapter. You will be able to use Google Drive, Google Docs, Google Sites, Google+, or other open...

Answered: 1 week ago

Previous Question Next Question