What does Market Power mean?

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Answer 1
Answer: Market power is the ability of a company or a firm/firm group to raise and maintain the price of a product. This also means that they need to maintain the price above the level that will be better than its competitors. This can also be called as monopoly power as well. However, it can lead towards loss of economic welfare as well.

Related Questions

A type of taxation in which people and businesses with higher income pay higher taxes is known as _______. A. regressive taxation. B.. . progressive taxation. C.. . flat taxation. D.. . federal taxation. .
Brenda Lee has received a $10,000 gift from her mother and is trying to decide how to invest it. She thinks she would like to invest it in stocks because she knows that stocks have been earning about a 10% rate of interest over the last several years. What aspect of investing is Brenda most concerned about? a) Diversification b) Return c) Liquidity d) Risk
Explain carefuly what the solluare culaut meers.
"A 5 year 3 1/2% Treasury Note is quoted at 98-4 - 98-9. The note pays interest on Jan 1st and Jul 1st. A customer buys 5M of the notes. Approximately how much will the customer pay, disregarding commissions and accrued interest?"
untastic operates on a calendar year. On January 1st, 2017, Funtastic Company placed a new asset into service. The cost of the asset was $50,000 with an estimated 5-year life and $10,000 salvage value. What is the depreciation expense for 2017 if Funtastic Company uses the straight-line method of depreciation

John is the head of the insurance claims department. John works for longer hours than his subordinates. However, John is not paid overtime for working more than 40 hours per week. Under the FLSA, which of the following will justify the organization's decision not to give John overtime pay? A. John is not a U.S. citizen.
B. John comes from an economically strong background.
C. John is unmarried.
D.John is considered as an exempt employee.
E. John has lower educational qualifications than his subordinates.

Answers

Answer:

The correct answer is D.John is considered as an exempt employee.

Explanation:

Some employees are exempt from overtime pay provisions, even when they are covered by other FLSA provisions. Although the actual determination of the exempt and non-exempt status is complex, exempt employees usually meet three tests: payments greater than US $ 455 per week, receive a salary instead of an hourly rate and perform a job in an exempt category listed by the US Department of Labor. Exempt categories include supervisors, managers, professional services and some administrative jobs.

Blank______ constrain a firm's ability to export its products by raising the price of the exported product, which could put the firm at a competitive disadvantage with domestic firms in that country. Multiple choice question

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The answer would be Tariff barriers

Zoning laws help prevent _______.a. new businesses from competing with old businesses
b. new buildings from being developed
c. new development from negatively impacting established businesses and residents
d. new factories from being introduced in an area

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The law helps to prevent zoning.

The correct answer is an option C . new development from negatively impacting established businesses and residents.

What are the advantages of zoning?

Zoning can maintain an existing neighborhood. Zoning can retain the existing structure. Zoning can prevent the mixing of incompatible land use (such as erotic dance clubs and schools). Zoning allows potential destructive uses to be placed away from residential areas and other delicate areas.

Zoning is a way for local governments to regulate and develop land under their control. It is divided into multiple categories to balance the city, ensure proper land use and provide value to the citizens who own the property. Zoning also helps protect the local environment and keep property values ​​stable.

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the answer is C. A new development from negatively impacting established business and residents

Zoning laws are written regulations that define how property in a specific geographic zone can be used. It can prevent a new commercial building to be built and compete in a previously established neighborhood.

bryce, a team leader, completed the performance analysis of his team members. before the team members could access them, bryce sent the reports to several senior managers via e-mail. why might bryce avoid using digital media to send the report, at least until his team members see it?

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There are a few possible reasons why Bryce might avoid using digital media to send the report until his team members have seen it in order to ensure tranparency  and avoid favoritism. the detailed explaination is given below-

Firstly, he may want to avoid the perception of favoritism or bias towards the senior managers, as they may have more influence over promotions and career opportunities. If they see the reports before the team members, it could create tension and mistrust within the team.

Secondly, Bryce may want to ensure that his team members have the opportunity to review and reflect on their own performance before it is shared with others. This can give them a chance to identify areas for improvement and develop a plan for growth, rather than feeling blindsided by feedback from senior managers.

Lastly, Bryce may want to demonstrate transparency and fairness by providing the same information to everyone at the same time. By sharing the report with everyone simultaneously, he can show that he values open communication and accountability within the team.

Overall, Bryce's decision to delay sharing the report with senior managers until after his team members have seen it may be motivated by a desire to maintain a positive team dynamic, promote individual growth, and uphold principles of fairness and transparency.

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__________ utility is usually provided by producers rather than marketers. Possession
Time
Place
Form

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FORM utility is usually provided by producers rather than marketers.

Form utility involves changing raw materials or putting together different parts and turning them into something more useful and of higher value.

For example, the raw material is a tree and form utility involves cutting it down and using the lumber into making wood furniture, pencils, paper, and other wood based products to be sold to consumers.

Client satisfaction is related toa. making new friends
b. talking about problems
c. solving problems
d. making more money

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It must be making more money by solving his problems :)