Elevent Cinema got exclusive rights to show a blockbuster movie, The Ervengers. They are the only...

 

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Elevent Cinema got exclusive rights to show a blockbuster movie, The Ervengers. They are the only cinema in Australia that is legally allowed to play the movie in theatres Select the item from the list provided to make the following statements true: In regards to "The Ervengers", Elevent Cinema operates under a monopoly because is at where marginal If 3 other cinemas also obtained the rights to show the same movie, then the market monopolistic competion. Elevent Cinema will profit maximise if their revenue equals marginal costs. 1. is operating in 2. price 3, might be operating in 4. output and price 5. they do not have control over key resources 6. there are many sellers 7, they have control over key resources 8. output. 9. is not operating in 10, opportunity costs 11.competitors can easily enter the marketi 12. should be operating in Elevent Cinema got exclusive rights to show a blockbuster movie, The Ervengers. They are the only cinema in Australia that is legally allowed to play the movie in theatres Select the item from the list provided to make the following statements true: In regards to "The Ervengers", Elevent Cinema operates under a monopoly because is at where marginal If 3 other cinemas also obtained the rights to show the same movie, then the market monopolistic competion. Elevent Cinema will profit maximise if their revenue equals marginal costs. 1. is operating in 2. price 3, might be operating in 4. output and price 5. they do not have control over key resources 6. there are many sellers 7, they have control over key resources 8. output. 9. is not operating in 10, opportunity costs 11.competitors can easily enter the marketi 12. should be operating in

Answer rating: 100% (QA)

1 Elevent Cinema is operating in a market where they are the only provider of The Ervengers movie This statement is true because Elevent Cinema has exclusive rights to show The Ervengers movie in Aust... View the full answer