1 answer

Response Questions Part A To C A) USE YOUR OWN WORDS FOR YOUR RESPONSE: Explain how...

Question:

Response Questions Part A To C A) USE YOUR OWN WORDS FOR YOUR RESPONSE: Explain how economies of scale can be a barrier to en

Response Questions Part A To C A) USE YOUR OWN WORDS FOR YOUR RESPONSE: Explain how economies of scale can be a barrier to entry. B) USE YOUR OWN WORDS FOR YOUR RESPONSE: How does the demand curve faced by a monopolist differ from the demand curve faced by a perfectly competitive firm? C) USE YOUR OWN WORDS FOR YOUR RESPONSE: Why is it impossible for a profit-maximizing monopolist to choose any price and any quantity it wishes?

Answers

1. The economy of scale means with less output there is more output generated.

So if any firm achieves economies of scale then it means it has produced as a very large scale and competition to matching to this is very less for any firm if it wants to enter in that market .

Ten with it,new firmshave to face the barrier to entry because it requires very huge investment, time and Labour to reach that economy of a scale of that firm that is already existing.

So it is very difficult to achieve economies of scale and can be a barrier to entry.

2. The demand curve of perfect competition is horizontal which means the change in price is constant .

A perfect competition is a market -

where there are large number of buyers and sellers in the market and.

price is decided by the market forces not by the supplie and consumer.

so there is no price decision by the sellers and buyers which causes change in prices zero .

In monopoly ,the demand curve is inverse in nature because price and quantity demanded inversely related

derard unle af forpedt Grapetin Peapad Gaferiten ongjany dorend Cunce

3. Monopolist market structure type in which-

there are only one seller and a large number of buyers

it has barrier to entry and exit but it doesn't mean that they can charge any price because it will reduce the demand and ends up with less selling .

demand curve Monopoly is inversely in nature which means price and quantity demanded are inversely related so it cannot charge any price that it wants.

.

Similar Solved Questions

1 answer
KIN 3112 Homework #3 Perform a dynamic analysis for a knee extension movement. The knee extensors...
KIN 3112 Homework #3 Perform a dynamic analysis for a knee extension movement. The knee extensors insert on the tibia at an angle 0-30° and at a distance d-5.2 cm from the axis of rotation of the knee. The combined weight of lower leg and foot is F 48 N and its center of mass is r 0.27 m away fr...
1 answer
Question 23 (1 point) A rectangular loop of wire is moving inside of a constant magnetic...
Question 23 (1 point) A rectangular loop of wire is moving inside of a constant magnetic field that is pointed into the screen. What is the direction of the induced current in the loop of wire? What is the direction of the induced magnetic field? Moving loop The current is in the counter-clockwise d...
1 answer
I only need help with Q3 CEE 216 Civil Engineering Materials Steel 1. A 32-mm rebar...
i only need help with Q3 CEE 216 Civil Engineering Materials Steel 1. A 32-mm rebar with a gauge length of 200 mm was subjected to tension to fracture according to ASTM E-8 method. The load and deformation data collected are shown in Table 1. Create a spreadsheet to complete the following. Table 1. ...
1 answer
VISUALIZATION Identifying Bonding and Antibonding Orbitals 1 12 ipt ipt Instructions: Fill molecular orbitals in the...
VISUALIZATION Identifying Bonding and Antibonding Orbitals 1 12 ipt ipt Instructions: Fill molecular orbitals in the diagram by dragging either single electrons or pairs. Click on an occupied orbital to remove electrons. 2p Fill All Clear K o lonie Orbitals Atomic Orbitals 02 Atomic Orbitals Molecul...
1 answer
You have two pieces of metal: 20 g of aluminum, for which the specific heat is...
You have two pieces of metal: 20 g of aluminum, for which the specific heat is ca = 0.22 cal/g K, at initial temperature 500 K; 50 g of gold, for which the specific heat cg = 0.03 cal/g K, at initial temperature 600 K. You bring them into thermal contact. The equilibrium temperature will eve...
1 answer
Dana's Ribbon World makes award rosettes. Following is information about the company: Variable cost per rosette...
Dana's Ribbon World makes award rosettes. Following is information about the company: Variable cost per rosette Sales price per rosette Total fixed costs per month $1.60 4.00 200.00 Required 1. Suppose Dana's would like to generate a profit of $920. Determine how many rosettes it must sell t...
1 answer
What if any organelles might be useful in investigating evolutionary relationships in microbes. Explain
What if any organelles might be useful in investigating evolutionary relationships in microbes. Explain...
1 answer
Ons. Assignment Sc Your best entire 1. [-15 Points] DETAILS BRECMBCS 6. Find the total for...
Ons. Assignment Sc Your best entire 1. [-15 Points] DETAILS BRECMBCS 6. Find the total for the invoice below. Stock # Quantity Unit Description Unit Price Total 6729 21 ea. 15" Monitor $349.00 1259 25 ea. Cable $14.00 1152 28 ea. SCSI card $149.00 Invoice Subtotal Shipping Charges $580.00 Invoic...
2 answers
How are electric and magnetic fields related?
How are electric and magnetic fields related?...
1 answer
The enthalpy change for the following reaction is -318 kJ. OF2(g) + H20(g) → 02(g) +...
The enthalpy change for the following reaction is -318 kJ. OF2(g) + H20(g) → 02(g) + 2HF(g) a To analyze the reaction, first draw Lewis structures for all reactant and product molecules. • Draw the reaction using separate sketchers for each species. • Separate multiple reactants and/o...
1 answer
Nondisjunction may be caused by O failure of sister chromatids to separate at anaphase | O...
Nondisjunction may be caused by O failure of sister chromatids to separate at anaphase | O failure of homologous chromosomes to separate at anaphase || O failure of homologous chromosomes to separate at anaphase II O a point mutation...
1 answer
What is the number of moles of hydrogen in three moles of #C_6H_12O_6#?
What is the number of moles of hydrogen in three moles of #C_6H_12O_6#?...
1 answer
Question #2 Predict the products of the following reactions involving amines NH 1.) LiAIH, THF 2.)...
Question #2 Predict the products of the following reactions involving amines NH 1.) LiAIH, THF 2.) H, H2O NH CH 1.) CHI (excess) 2.) Ag20 3.) Heat (b)...
1 answer
Use the savings plan formula to answer the following question Your goal is to create a...
Use the savings plan formula to answer the following question Your goal is to create a college fund for your child. Suppose you find a fund that offers an APR of 4%. How much should you deposit monthly to accumulate $88,000 in 16 years? You should invest $ each month (Do not round until the final an...
1 answer
19. What is an intermediate good? Why is it excluded from GDP? Give a unique (not...
19. What is an intermediate good? Why is it excluded from GDP? Give a unique (not from the book or notes) example of an intermediate good and its corresponding final good that would be counted in GDP. (5 pts) Intermediate goods are products that are purchased for resale or further processing or manu...
1 answer
Question 1: A researcher is interested in knowing if there are differences between the incidence of...
Question 1: A researcher is interested in knowing if there are differences between the incidence of accidents among pilots of different experience levels. They were able to collect 62 responses from a random number of pilots. Among them, 17 new pilots were in accidents, 26 were not;; 13 experienced ...
1 answer
Problem 17.64 Acord is wrapped around the outer surface of the 75 kg disk. A force...
Problem 17.64 Acord is wrapped around the outer surface of the 75 kg disk. A force of F-(46) N, where is in radians, is applied to the cord The disk has an initial angular velocity of = 1 rad/s. Figure 1) Part A Determine the disk's angular acceleration when it has turned 5 revolutions Express y...
1 answer
Culver Mining Company recently purchased a quartz mine that it intends to work for the next...
Culver Mining Company recently purchased a quartz mine that it intends to work for the next 10 years. According to state environmental laws, Culver must restore the mine site to its original natural prairie state after it ceases mining operations at the site. To properly account for the mine, Culver...
1 answer
Calculate the molar solubility of Mg(OH)2 in a solution that is basic with a pH of...
Calculate the molar solubility of Mg(OH)2 in a solution that is basic with a pH of 12.62. Ksp = [Mg2+][OH–]2 = 5.6 × 10–12...