Business, 28.12.2019 03:31, lamontcarter

Luke's express diner is the only place that sells burgers in a remote town in arizona. as one of the long-time residents of thetown, bertha hayes contends that the burgers at luke's are priced a bit too high. she claims that this is because the diner enjoys monopoly power in the town. her neighbor, ruth ernes, disagrees that the diner is in a position to over-price products due to monopoly power because she herself knows a lot of people who don't like the food there.

which of the following if true will weaken berthas argument?

a. the local government issues a limited number of restuarant licenses every year
b. the diner is highly rated by food critics and is a very popular eating place in the town
c. lukes express diner cut prices when the nearby coffeeshop cut prices on its sandwiches
d. monopolies in the area have damaged economic efficiency
e. lukes express diner recently increased the price of a burger due to an increase in meat prices, but burger sales remianed unchanged

Answers: 3

Show answers

Other questions on the subject: Business

Business, 22.06.2019 16:30, allytrujillo20oy0dib

Summarize the specific methods used by interest groups in order to influence governmental decisions making in all three branches of government. provide at least two examples from each branch.

Answers: 3

continue

Business, 22.06.2019 20:30, andrejr0330jr

Exercise 7-7 martinez company reports the following financial information before adjustments. dr. cr. accounts receivable $168,900 allowance for doubtful accounts $3,200 sales revenue (all on credit) 849,300 sales returns and allowances 50,440 prepare the journal entry to record bad debt expense assuming martinez company estimates bad debts at (a) 4% of accounts receivable and (b) 4% of accounts receivable but allowance for doubtful accounts had a $1,550 debit balance. (if no entry is required, select "no entry" for the account titles and enter 0 for the amounts. credit account titles are automatically indented when the amount is entered. do not indent manually.)

Answers: 3

continue

Business, 22.06.2019 20:50, arturocarmena10

Which of the following is an example of a monetary policy? a. the government requires credit card companies to protect customers' privacy. b. the government restricts the amount of money that banks can lend. c. the government lowers taxes and increases spending. d. the government pays for repairing damage from a natural disaster.

Answers: 1

continue

Business, 22.06.2019 21:50, reggiegilbert1995

Varto company has 9,400 units of its sole product in inventory that it produced last year at a cost of $23 each. this year’s model is superior to last year’s, and the 9,400 units cannot be sold at last year’s regular selling price of $42 each. varto has two alternatives for these items: (1) they can be sold to a wholesaler for $8 each, or (2) they can be reworked at a cost of $251,100 and then sold for $34 each. prepare an analysis to determine whether varto should sell the products as is or rework them and then sell them.

Answers: 2

continue

Do you know the correct answer?

Luke's express diner is the only place that sells burgers in a remote town in arizona. as one of the...