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Why a monopolist must lower its quantity relative to a competitive market to maximize its profits?
A monopolist has to lower its quantity relative to the competitive market to maximize profits because the monopolist is already in control of the biggest part of the market. This means that because they're already in control, to keep the market competitive they need to release the same amount of product as their competition.
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Explain why a monopolist must lower its quantity relative to a competitive market to maximize its profits?
A monopolist must lower its quantity relative to a competitive market to maximize its profits because the monopolist already controls and owns the largest share of the market.
What Debit ratio?
A ratio is a quantity that denotes the proportional amount or magnitude of one quantity relative to another. by swety
A measure of the relative quantity of nutrients per calorie in a food?
Nutrient Density
How much a quantity decreases in comparison to the original?
The decrease in quantity is usually expressed as a percentage of the original quantity. This percentage is calculated by dividing the decrease by the original quantity and multiplying by 100. The result gives the percentage decrease relative to the original quantity.
Why is a Monopoly markets undesirable RELATIVE to perfect competitive market discuss?
In Monopoly, there is no market power as the monopoly firm is the only supplier and holds pricing power. However in a perfect competitive market, prices are set by interaction of supply and demand. This is why monopoly markets are undesirable relative to perfect competitive market.
What is the significance of relative quantity in determining the value of a product?
The significance of relative quantity in determining the value of a product lies in the principle of supply and demand. When a product is scarce or in high demand, its value tends to increase. Conversely, when a product is abundant or in low demand, its value tends to decrease. Therefore, the relative quantity of a product in relation to its demand plays a crucial role in determining its value in the market.
What quantity do units represent in a value?
they show the magnitude
What does your value of relative error mean?
The relative error measurements indicates the quality of a measurement relative to the quantity of the object being measured. To derive the relative error, divide the absolute error by the value of the object being measured.
What is it call when growth occurs when a quantity grows by the same relative amount in each unit of time?
Exponential growth occurs when a quantity grows by the same relative amount in each unit of time. This type of growth is characterized by a constant percentage increase.
Why is velocity a vector quantity and speed is a scalar quantity?
Because it is: * A property of physical objects * Something that can be measured (or calculated from other quantities) Hmm, it is certainly not a physical quantity that is unique to the object! Velocity is relative to some other object. Thus, the can he threw traveled at 12m/s relative to the tree but 220m/s relative to that car.
Is current absolute or relative quantity?
current is relative because it is measured with respect to time. actually it is the rate of flow of charges with respect to time.when we measured current we measured charges with respect to time. that why it is relative quantity john ahem senior professor at Cambridge university
Is calcium's relative value per ounce pound or ton?
Relative value is a dimensionless quantity, and so it shouldn't matter what units you want to use, as long as you are consistent.
