# Non price competition price leadership and cartels are models in the ____ market structure(s)

Answer: These are monopoly market structures. This is where the person or company selling items does not face competition and is the only person or company selling the items with no competitor that has a close substitute. This is an imperfect kind of competition.

## Related Questions

Soft skills may be the skills that determine whether you will keep a job or lose it

True...........................

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Suppose that a worker in Agland can produce either 10 units of organic grain or 2 units of incense per year, and a worker in Zenland can produce either 5 units or organic grain or 15 units of incense per year. There are 20 workers in Agland and 10 workers in Zenland. Currently, the two countries do not trade. Agland produces and consumes 100 units of grain and 20 units of incense per year. Zenland produces and consumer 50 units of grain and no incense per year. If each country made the decision to specialize in producing the good in which it has a comparative advantage, then what will the combined yearly output of the two countries increase by? A) 30 units of grain and 100 units of incense.
B) 30 units of grain and 150 units of incense.
C) 50 units of grain and 90 units of incense.
D) 50 units of grain and 130 units of incense.

D

Explanation:

Agland produces 100 units of organic grain and Zenland produces 50 units of organic grains; their combine total = 150 grains

Agland produces 20 units of incense while Zenland produces nothin; their combine total = 20 incense

if each country specialize in producing the good in which they have comparative advantage then

Agland produce (10 × 20 ) organic grains which 200 organic grain with Zenland producing nothing; their combine total will 200 grains

Zenland doing the same by producing (10 × 15) incense which will equal 150 incense and Agland produce nothing  their combine total is 150 incense

their combined yearly output of the two countries increase by

200 - 150 for grains = 50 units of grains

150 - 20 for incense = 130 units of incense

Hartley Company produces two products, Flower and Planter. Flower is a high-volume item totaling 20,000 units annually. Planter is a low-volume item totaling only 6,000 units per year. Flower requires one hour of direct labor for completion, while each unit of Planter requires 2 hours. Therefore, total annual direct labor hours are 32,000 (20,000 + 12,000). Expected annual manufacturing overhead costs are \$960,000. Hartley uses a traditional costing system and assigns overhead based on direct labor hours. Each unit of Planter would be assigned overhead of __________.a. \$32 b. \$53c. need more information to compute d. \$26

Each unit of planter will be 60

Explanation:

Flowers have high volume item which totals 20,000 units annually

20,000 labor hours

Planter has low volume item totals only 6,000 units per year

So, 2 hours will be 12,000

Aggregate overhead cost amounts to \$960,000

Overhead per labor hour = Aggregate overhead cost / annual direct labor hours

= \$960,000 / 32,000

= 30

Therefore, each unit of planter overhead will be:

= Overhead per labor hour × 12,000 / Total units

= 30 × 12,000 / 6,000

= 360,000 / 6,000

= 60

Note: The correct option is missing.

Given an interest rate of 4 percent per year, what is the value at date t = 5 of a perpetual stream of \$2,400 payments that begins at date t = 10? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Perpetuity value \$

Explanation:

In order to get this value some formulas has to be used, the perpetutiy and the present value of a future payment. First, we get the value of the perpetuity, in this case payment = 2,400 and interest rate = 0.04 (4%). The calculation is Perpetuity = 2,400/0.04 = 60,000. This is the value of the perpetuity in year 10, so we have to bring that value to year 5. To do so, we subtract 5 to 10 to get the gap of years between the future payment and the present value we want to get, in this case: t=10-5 = 5. Finally, using the discount factor 1/(1+r)^t, we have: PV at year 5 = 60,000*(1/1.04)^5=49,315.63

An awl both helped and hurt Louis Braille. Explain this statement

It helped him- he discovered and created a way to read without having to see

It hurt him- he lost his sight

Hope this helps:)

Explanation:

The awl helped and hurt Louis.

How did it hurt him?

When he was young, he was playing with the awl and accidentally dropped it on his eyes which made them infected (both eyes). Later on, he was blind.

How did it help him?

He used the awl when he was creating an alphabet for the blind.

Assume over a certain period of time the technology for producing compact disk players has improved, and over the same period of time the economy has moved into a recession, causing the incomes of consumers to decrease. Which of the following will happen to the equilibrium price and equilibrium quantity for CD players? (Assume CD players are normal goods.) Price will increase; quantity cannot be determined. Price will decrease; quantity cannot be determined. Quantity will increase; price cannot be determined. Quantity will decrease; price cannot be determined.

Price will decrease; quantity cannot be determined.

Explanation:

Technological changes is one of the important determinant of supply. So, if there is an advancement of technology in the production of compact disc players then as a result there is an increase in the productivity of the workers and hence, there is an increase in the supply of CD players. This will shift the supply curve of CD players rightwards.

CD players are considered as a normal good. Hence, there is a positive relationship between the income of the consumers and the demand for normal goods. If there is a fall in the income of the consumers because the economy is experiencing a recession then as a result the demand for CD players decreases. This will shift the demand curve of CD players leftwards.

Conclusion:

Therefore, there is a fall in the equilibrium price level and the impact on equilibrium quantity cannot be determined because that will be dependent upon the magnitude of the shifts of demand and supply curve.

Which of the following is NOT a role increasing the government's complex relationship with business? A. government is a major purchaser.
B. government can elevate some businesses while devaluing others.
C. government cannot have buying power
D. government can create new businesses through subsidization.

Explanation:

Your friend currently works as an accountant at a public accounting firm in the small town of Beaver Falls, Pennsylvania. He is offered a job in New York City for \$60,000. Your friend calls you and tells you that he is excited about the new job offer, which gives him a raise from his current salary of \$50,000. Based on your knowledge of economics, you think that Choose one: O A. your friend most likely should not be quite so excited because the extremely high cost of living in New York City means his real salary increase will be less than he imagined. B. your friend has every reason to be excited because he will be getting paid C. your friend has reason to be excited because in a bigger city he will häve more D. your friend has no reason to be excited because higher pay implies more job 120% of what he used to be paid. things to do and his higher salary will allow him to spend on those activities. responsibilities and more working hours. < 11/15> SUBMIT O Type here to search Esc

A. your friend most likely should not be quite so excited because the extremely high cost of living in New York City means his real salary increase will be less than he imagined.

Explanation:

Large cities are associated with a high cost of living. House rent, food, and transport will cost more in major cities compared to smaller towns. In considering the job offer, the accountant should analyze the cost implications of living in the New York City in comparison to his salary increment.

A salary raise in economic terms will refer to an increase in pay after adjusting to any increase increase in prices. If the prices and subsequently cost of living is rising at a higher rate compared to salary increment, then an individual is actually experiencing reduced income. The accountant should consider the offer if the salary increments would cover the expected rise in the cost of living and leave him with some surplus.

A decision-making process that compares how much time and effort would be invested in providing assistance to the perceived rewards or outcomes of that action is called a(n) _________.

A decision-making process that compares how much time and effort would be invested in providing assistance to the perceived rewards or outcomes of that action is called a cost-benefit analysis.

A decision-making process is known to be different kind of steps taken by an individual to know the best option or course of action to meet their needs.

People often seek information about different possible decisions and their likely effect. they study the alternatives and choose one of them and thereafter implement the decision in business operations.

A cost-benefit analysis is known to be a systematic method that businesses use to look into which decisions to make and which to forgo.

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