The lack of competition within a monopoly means that

offered goods and services are lackluster.

the product's market is small.

consumers must look elsewhere to find options.

monopolists set their own price.

The last choice?

The driving force behind the change in business organizations is the change in consumer expectations

Why do you need a driver's license to buy liquor, when you can't legally drink and drive?

Suppose alice receives 200 utils from consuming one hamburger and 80 utils from consuming a second hamburger. what is the marginal utility of the second hamburger?

How to address issues of equality, respect, dignity in a business

Which of the following will be accomplished by efficient allocations of the factors of production? guaranteeing economic success understanding whether a product will fail fulfilling many needs and wants of society replenishment of limited resources

Diane had a plan to improve her responsibility. in order to understand if she has met her goal, she must A. formulate a new goal B. record her progress C. accomplish harder tasks D. ask others for their opinions

Olivia's employer deducts an amount from her paycheck for the Medicare program. What type of withholding is being deducted from Olivia's paycheck? A) tax exemption B) local withholding C) state withholding D) Social Security withholding

A popular variation of the accounts receivable turnover is the a. credit risk ratio. b. concentration of credit risk. c. bad debts ratio. d. average collection period.

When Japan exports goods to the United States, which Country shows a balance of payments credit

Love Company's accounting records show an after-closing balance of $42,100 in its Retained Earnings account on December 31, 2018.