A monopoly
a. can set the price it charges for its output but faces a horizontal demand curve so it can earn unlimited profits.
b. can set the price it charges for its output but faces a downward-sloping demand curve so it cannot earn unlimited profits.
c. can set the price it charges for its output and earn unlimited profits.
d. takes the market price as given and earns small but positive profits.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “A monopoly a. can set the price it charges for its output but faces a horizontal demand curve so it can earn unlimited profits. b. can set ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
On July 31, O'Malley Company contracted to have two products built by Taylor Manufacturing for a total of $185,000. The contract specifies that payment will only occur after both products have been transferred to O'Malley Company.
Answers (1)
Who among the following is an operational leader? a. Joanna, who is firm and dependable with respect to delivering results b. Kelly, who uses her personal power to influence employees c. Laura, who provides guidance and advice to her coworkers d.
Answers (1)
Which appraisal approach would normally carry the most weight in valuing a strip shopping center?
Answers (1)
Boatler Used Cadillac Co. requires $800,000 in financing over the next two years. The firm can borrow the funds for two years at 9 percent interest per year. Mr.
Answers (2)
Common stock valuelong dashVariable growth Personal Finance Problem Home Place Hotels, Inc., is entering into a 3-year remodeling and expansion project.
Answers (1)
New Questions in Business
Jane smith currently holds tax-exempt bonds of good samaritan health care that 7% interest. she is in the 35% tax bracket. her broker wants her to buy some beverly enterprises taxable bonds that will be issued next week.
Answers (1)
Julio decides his business will begin staying open until 7 p. m. instead of 6 p. m. The next day, the shop stays open until 7 p. m. This environment of flexibility to quickly change is characteristic of what form of business organization?
Answers (1)
Which of the following factors does not cause a shift in the labor demand curve? A. Changing technology. B. Changes in output prices. C. Changes in the wage rate. D. Changing input prices.
Answers (1)
What is the name given to the operations used by most organizations to reach their customer goals? O A. Research and development O B. Universal marketing functions O C. Customer support O D. Market planning
Answers (2)
What term is used to describe spread-out or low-density development beyond the edge of services and employment? edge cities sprawl common-interest developments gated communities?
Answers (1)