12. If a monopoly takes over 100% of a market previously operating under perfect * competition, the long run impact on price and output will be A price will be higher and output will be lower. B price will be lower and output will be higher.

Q: Remember that Molly has a $2500 down payment saved for this purchase. The dealer will take the $500…

A: The loan is the amount of money which would result in the amount of money borrowed and used for…

Q: Does income reflect wealth?

A: Income is money earned by a person or a business in exchange for labour, the provision of a product…

Q: What does VAT mean

A: Value added tax is imposed on the goods during the value addition of the goods.

Q: A table is on sale for 15% off. The sale price is $374. What is the regular price?

A: The regular price is the the original or full price of a product or service before any discounts,…

Q: What is Quatitative Research?

A: It is a kind of research process focusing on models.

Q: What impact do small business owners have on the country’s economy?

A: The objective of this question is to understand the role and impact of small businesses on a…

Q: Does reducing purchasing power of a consumer decrease inflation in the economy?

A: Cost increases for virtually all goods and services in the economy are referred to as inflation.…

Q: The issues of having a positive notation on your CORI or SORI and how it might impact a career in…

A: CORI(Criminal offender record information) or SORI(Sexual offender record information), are the…

Q: Why is VAT a good thing?

A: VAT stands for Value Added Tax. It is charged at each stage of production for commodities on which…

Q: The South Korean Government in the 1970s decided to follow a strategy of increased investment in…

A: Scarcity refers to the limited availability of resources, that are used to produce goods and…

Q: What's the meaning of income

A: Meaning of Economics: The term economics refers to the situation under which there remain…

Q: Repayment of loan with interest is a capital expenditure True/False

A: # The upgradation for maintenance of physical assets is counted as capital expenditure.

Q: What is inflation tax?

A: Inflation Tax – The inflation tax is the financial loss of value suffered by holders and fixed…

Q: What is GST in Canada? How does it works? and it's Importance?

A: The Goods and Services Tax (GST) in Canada is a value-added tax introduced by the federal government…

Q: What are the economic costs of taking a vacation

A: There are several financial expenses associated with vacationing, including travel, lodging, food,…

Q: How does inflation affect the prices you pay for goods and services?

A: Inflation refers to a situation in the economy when the people lose their purchasing power and have…

Q: How does Worker-Tracking Wristband affect worker productivity?

A: How much output can be generated with a given set of inputs is referred to as productivity in…

Q: see yourself as a volunteer and discuss your skills and its contribution to the volunteer group

A: The economies around the globe tend to operate with the ultimate motive of enhancing the level of…

Q: Provide a list of HRD and WD programs at non-profit organizations, state agencies, and private…

A: a) Formal Staff Training; b) . Informal Training   Èxplanation:- 1. Systematic training for…

Q: What are the goals of a human resource department?

A: All businesses need money to start off in order to rent a space, buy equipment, or pay for…

Q: How might deflation set off further delation

A: A deflationary spiral can be defined as a "downward price reaction to an economic crisis leading to…

Q: How many states have in Russia?

A: Russia is a country that comes under the continent of North Asia and Eastern Europe and is the…

Q: What s the difference between wealth and income?

A: Economics is the study of the household management which provides services required by the business…

Q: How about for number 14

A: Equilibrium is where the demand curve intersects the supply curve.  The exchange rate shows the…

Q: Selecting a Bank: Veronica plans to open a checking account with her $1,200 tax refund check. She…

A: Monthly charges by a bank refer to the fees that customers are required to pay on a regular, usually…

Q: What strategies can be used to improve motivation in Jamaica and Trinidad's workplace?

A: Improving employee motivation is important as it improves their productivity. Other key strategies…

Q: How do most earn money? By being retired, by working at a job, by being disabled, by being…

A: Though there are several ways to earn money and each individual leans towards their comfort zone of…

Q: The costs of owning and operating an asset can be divided into two categories. What are they?

A: According to cost theory, there are two different types of cost associated with any economic…

Q: The government needs to pay out 350 billion dollars more in Social Security benefits than it…

A: Government Revenue Government revenues are the earnings of the nation or government which are…

Q: what is national service training program ?

A: In an economy, government uses various programs to deal with different economic and social issues.…

Q: what is household ?

A: ‘Household’ is an important factor of an economy. It is regarded as a unit. The consumption(C) of…

Q: A complete Credit policy and procedures document should include which three key areas. Write a…

A: A comprehensive Credit Policy and Procedures document encompasses three key areas critical to…

Q: What are realistic career aspirations of majoring in Business Management?

A: Majoring in Business Management opens up a wide range of career opportunities due to the versatile…

Q: How will your interests in being a force for good influence your education and career decisions?

A: Values and interests are one of the most important aspects of an individual's life, and they play a…

Q: How does the grant system try to ensure accountability to make sure that funding is being used…

A: The term "accountability" refers to a company's responsibility to a third party.It refers to a…