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What else can I help you with?
How does the cartoonist depict the power of monopolists?
The one representing monoplies such as the Standard Oil Company as an octopus ~ see link below .
Do monopolists always make a profit?
No. A monopolist must do his research and make sure that with his income after having monopolized, he will be able to pay back whatever loans or debts he has in a timely fashion with his consecutive income.
Was the gilded age marked by the quest for justice and immortality?
yes, but no. the *GUILDED age was the age where laissez faire was dominant in business/ American gov't where robber baron monopolists were controlling the gov't , and IMMORTALITY was not part of this. Justice, however, was. :]
Does monopolists differ from perfect competitors because monopolists makes a profit?
Not because of that reason but rather a result of the different characteristic of the two market structures. Basis of difference : MONOPOLY PERFECT COMPETITION 1) Number of producer 1 Many 2) Knowledge imperfect perfect 3) Price setter/taker setter taker 4) Nature of goods no substitute/ imperfect sub. homogeneous 5) Barriers to entry very high no 5) Factor mobility Factor immobility perfectly mobile 6) Profits in LR supernormal/normal normal
How can a monopolist charge different prices to different customers?
A monopolist has market power, this means that they can set the market price of a good through restricting output. A monopolist can charge different prices to different customers through price discrimination. Assumptions are made that they monopolists objective is to maximise profits. A monopolists profit maximising strategy is to charge different prices to different consumers varying on the price elasticity between them. This will extract the maximum consumer surplus, and thus maximise profits. To price discrimiate there must also be some degree of barriers to prevent consumers for switching suppliers. A common strategy of price discrimination is giving students a discount, this is because students are normally more sensitive to prices due to their low income. Students may only buy a product if a discount is given, so the firm provides a discount in order to make these sales.
Where Nestle wants to stand after 10 years?
Currently, Nestle is investing heavily in the markets of Asia and Middle East and it is investing heavily to become market leader or monopolists in those markets. Nestle is looking to heavily increase in Asian countries until the next decade.
How is a monopolist different from a perfectly competitive firm in terms of market structure and pricing behavior?
A monopolist is a single seller in the market, while a perfectly competitive firm is one of many sellers. A monopolist has the power to set prices, while a perfectly competitive firm is a price taker and must accept the market price. This difference in market structure leads to monopolists typically charging higher prices and producing less output compared to perfectly competitive firms.
Why do pure monopolies advertise?
For one, their may be somewhat close substitutes. Microsoft may still advertise because there is the threat of Mac OS, Unix, etc. Major League Baseball faces threats from other sports and non-pro ball. Monopolists still need to inform their customers of new products or services, as well as maintain their brand image. whaty
A cartel differs from a monopoly in that?
a cartel is a group that agrees to charge monopoly price and quantity, splitting quantity amongst themselves. so a monopoly is one company and a cartel is a group. Profits are lower for cartel members because they only produce a total quantity that is equal to a monopolists production. novanet-businesses making the same product agree to limit production
How is a monopolist different from a perfectly competitive firm in terms of market structure and behavior?
A monopolist is a single seller in the market with significant control over prices, while a perfectly competitive firm is one of many sellers with no control over prices. Monopolists can set prices higher and produce less, while perfectly competitive firms must accept market prices and produce more to compete.
What are your points of power?
Position power, task power, personal power, relationship power, and knowledge power. This are the points of power.
What power can do with a leader?
he has reward power legistimate power coersive power expert power referental power leader have all type of power at last he has many power
