Answer:
1. A small number of firms produce a large proportion of industry output.
2. A firm that is large may be able to produce at a lower unit cost than can a small firm.
3. That oligopolists can increase their profits through collusion.
Explanation:
An oligopoly can be defined as a market structure comprising of a small number of firms (sellers) offering identical or similar products, wherein none can limit the significant influence of others.
Hence, it is a market structure that is distinguished by several characteristics, one of which is either similar or identical products and dominance by few firms.
The characteristics of an oligopolistic market structure are;
I. Mutual interdependence between the firms.
II. Market control by many small firms.
III. Difficult entry to new firms.
Under the game theory, when firms makes a decision about their business, it is expected that they consider how the other firms would react to such decisions.
1. The mutual interdependence that characterizes oligopoly arises because a small number of firms produce a large proportion of industry output.
2. If there are significant economies of scale in an industry, then a firm that is large may be able to produce at a lower unit cost than can a small firm.
3. Game theory can be used to demonstrate that oligopolists can increase their profits through collusion.
The correct answers to the given statements are as follows: 1. The mutual interdependence that characterizes oligopoly arises, 2. A firm that is large may be able to produce at a lower unit cost than can a small firm, and 3. Game theory can be used to demonstrate that oligopolists may be either homogeneous or differentiated
Why are the assertions above?1. The mutual interdependence that characterizes oligopoly arises because: the demand curves of firms are kinked at the prevailing price. In an oligopoly, firms consider the potential reactions of their rivals when making decisions about pricing, production, or other strategic choices. The kinked demand curve model suggests that firms in an oligopoly face a demand curve that is elastic above the prevailing price and inelastic below it. This creates a situation where firms are interdependent, as a change in price or output by one firm can lead to reactions from other firms in the market.
2. If there are significant economies of scale in an industry, then: a firm that is large may be able to produce at a lower unit cost than can a small firm. Economies of scale refer to cost advantages that arise when the scale of production increases. When there are significant economies of scale, a larger firm can spread its fixed costs over a larger output, resulting in lower average costs per unit compared to a smaller firm. Therefore, a large firm may be able to produce at a lower unit cost than a small firm in such an industry.
3. Game theory can be used to demonstrate that oligopolists: may be either homogeneous or differentiated. Game theory is a mathematical framework used to analyze strategic interactions between decision-makers. In the context of oligopoly, game theory can be used to study how firms with interdependent decisions behave and make strategic choices. It can apply to both homogeneous oligopoly (where firms offer similar products) and differentiated oligopoly (where firms offer distinct products).
However, note that the statement "oligopolists can increase their profits through collusion" is missing from the given options. Collusion refers to an agreement among firms to coordinate their actions in order to maximize joint profits. While collusion is a potential strategy for oligopolistic firms to increase profits, it is not explicitly mentioned in the given choices.
learn more about oligopolists: https://brainly.com/question/13658628
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Economists assume we are all making the most reasonable decisions with our resources, but how do you explain people paying $40,000 for a "Hermes Birkin Bag" or $2000 for "Kanye West's Sneakers"?
Besides the full scale, the number of basic scales used in dimensioning plans and drawings is _______.
Answer:
10.
Explanation:
In Engineering, it is a standard and common practice to use drawings and models in the design and development of buildings, tools or systems that are being used for proffering solutions to specific problems in different fields such as banks, medicine, telecommunications and industries.
Hence, an architect or design engineer make use of drawings such as pictorial drawings, sketches, or architectural (technical) drawing to communicate ideas about a plan (design) to others, record and retain informations (ideas) so that they're not forgotten and analyze how different components of a plan (design) work together.
Architectural drawing is mainly implemented with computer-aided design (CAD) software and it's typically used in plans and blueprints that illustrates how to construct a building or an object.
Besides the full scale, the number of basic scales used in dimensioning plans and drawings is 10.
please help 15 points if right brainliest
The other forms and methods of startup capital—the ones that don’t use the money of outside investors—are collectively referred to as bootstrapping. False True
The other forms and methods of startup capital—the ones that don't use the money of outside investors—are collectively referred to as bootstrapping. Venture capitalists are ruthless; angel investors are kind-hearted.
Answer:
The other forms and methods of startup capital—the ones that don't use the money of outside investors—are collectively referred to as bootstrapping. True False
✓ true
Explanation:
f the Federal Reserve wants to close an inflationary gap, then it will: A. increase the money supply, increase the interest rate, thus increasing investment spending and GDP, and the AD curve will shift to the right. B. decrease the money supply, increase the interest rate, thus lowering investment spending and GDP, and the AD curve will shift to the right. C. decrease the money supply, increase the interest rate, thus lowering investment spending and GDP, and the AD curve will shift to the left. D. decrease the money supply, decrease the interest rate, thus lowering investment spending and increasing GDP, and the SRAS curve will shift to the right. E. increase the money supply, decrease the interest rate, thus lowering investment spending and increasing GDP, and the SRAS curve will shift to the left.
Answer:
C. decrease the money supply, increase the interest rate, thus lowering investment spending and GDP, and the AD curve will shift to the left.
Explanation:
Fiscal policy in economics refers to the use of government expenditures (spending) and revenues (taxation) in order to influence macroeconomic conditions such as Aggregate Demand (AD), inflation, and employment within a country. Fiscal policy is in relation to the Keynesian macroeconomic theory by John Maynard Keynes.
A fiscal policy affects combined demand through changes in government policies, spending and taxation which eventually impacts employment and standard of living plus consumer spending and investment.
An inflationary gap, also known as the expansionary gap in economics is used to measure the difference between the gross domestic product (GDP) and the current level of real Gross Domestic Products that exists when a country's economy is guaged at a full employment rate. This eventually causes the price of goods and services to go up with a low income level.
Basically, an expansionary fiscal policy will cause the total increase in aggregate demand to be greater than the initial increase in aggregate demand due to the multiplier process.
According to the Keynesian theory, government spending or expenditures should be increased and taxes should be lowered when faced with a recession, in order to create employment and boost the buying power of consumers.
Hence, if the Federal Reserve wants to close an inflationary gap, then it will decrease the money supply, increase the interest rate, thus lowering investment spending and gross domestic product (GDP), and the aggregate demand (AD) curve will shift to the left.
Alicia is conducting research on consumer behavior. The study requires her to note the number of people who shop at Fresnas Mart, a grocery store, in the afternoons during weekdays. She also needs to pay attention to the customers' preferred brands, the customer service, and the arrangement of items in the store. She needs to conduct the study without interacting with the customers so that she does not influence their behavior and choices. In this scenario, Alicia is conducting a(n) _____.
Answer:
Observational study.
Explanation:
In Statistics, sampling can be defined as a process used to collect or select data (objects, observations, or individuals) from a larger statistical population using specific procedures.
There are various types of sampling used by researchers and these are;
1. Random sampling.
2. Systematic sampling.
3. Stratified sampling.
4. Cluster sampling.
5. Opportunity or convenience sampling.
An observational study can be defined as a type of study in which a researcher observes and measures the effect of a diagnostic test, risk factors, or treatments on individuals without intervening, changing or manipulating who are or aren't exposed to it (controlled conditions).
In this scenario, Alicia is conducting an observational study because the study was required to be conducted without interacting with the customers so as to avoid influencing their behavior and choices.
bought a computer for ra 25000
double column cash book with discount and cash column
Answer:
Explanation:
41,900
June 01 Balance b/d 16,300
Answer:
41,900
June 01 Balance b/d 16,300
Explanation:
(24^0)+(4^0). solve this problem fast
Answer:
your answer will be 2
Explanation:
hope it helps you..
Answer:
solution : -
[tex]24 {}^{0} + {4}^{0} [/tex][tex]1 + 1[/tex][tex]2[/tex].A manufacturing business has purchases of raw materials of $4,500, closing inventory of $1,400 and opening inventory of $800. What is the cost of raw materials used in production?
Answer:
Cost of raw materials used = $5,100
Explanation:
Given:
Purchases of raw materials = $4,500
Closing inventory = $1,400
Opening inventory = $800
Find:
Cost of raw materials used
Computation:
Cost of raw materials used = Opening inventory + Purchases of raw materials - Closing inventory
Cost of raw materials used = 1,400 + 4,500 - 800
Cost of raw materials used = $5,100
DUE TODAY PLEASE HELP T^T
When completing a self-assessment, you should think about the cultural environment in which you want to live.
False
True
Answer:
TRUE TRUE TRUE
Explanation:
:) :) :) :) :) :)
Answer:
True
Explanation:
kind of common sense lol......
9.Not Answered 10.Not Answered Question Workspace Which of the following statements is CORRECT? a. If a firm increases its sales while holding its inventories constant, then, other things held constant, its inventory turnover ratio will increase. b. An increase in inventories will have no effect on the current ratio. c. A reduction in inventories will have no effect on the current ratio. d. If a firm increases its sales while holding its inventories constant, then, other things held constant, its fixed assets turnover ratio will decline. e. A reduction in the inventory turnover ratio will generally lead to an increase in the ROE.
Answer:
a. If a firm increases its sales while holding its inventories constant, then, other things held constant, its inventory turnover ratio will increase.
Explanation:
Inventory turnover ratio is defined as the number of times that stock is used up during a given period. It determines the number of times a business needs to restock.
For example a business may have to replenish stock twice a year.
The formula is
Inventory turnover ratio = (Cost of goods sold) ÷ (Average Inventory)
If sales increases it will cause an increase in cost of goods sold. That is the numerator in the equation.
As inventory is held constant the denominator rains the same.
So an increase in sales will result in an increase in inventory turnover ratio
Recalling the competency pyramid studied in this chapter, what is the difference between a personal competency and an academic competency?
A personal competency is something you are born with, whereas an academic competency is something a teacher gives you
A personal competency is something warned from schooling, while an academic competency is something learned through reading
A personal competency is a skill that is part of your character or personality, whereas an academic competency is generally learned through schooling
A personal competency is something that you cannot develop, whereas an academic competency is something that you can learn
Answer:
c
Explanation:
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100 point question + brainliest
Mike Oxmore has 69 apples, Moe Lester has 420, what is the mass of the sun?
Answer:
The mass of the sun is - 1.989 x 10 30 kilograms
Also, 69 + 420= 489
Explanation:
Hope this helps?
Have a nice day! <3
I am working on a new app what should i do should i call it, its a app to make new friends and not be lonely
Answer:
oh i will be your friend
Explanation:
(ASAP NEED THIS NOW!)
Which was the first home entertainment technology to disrupt the movie industry?
A. Radios
B. Cable Television
C. Livestreaming
D. Video Cassette Recorders
Answer:
B. Cable Television
Explanation:
I'm pretty sure its right sorry if its not
Answer:
A
Explanation:
I thing A aaaaaaaaaaaaaa
What is 35% off $116.09?
Answer:
it is 75.40 hope this helps
Explanation:
Heightened Homes is a real estate firm based in Texas. The company ensures that employees' pay is dependent on what they are capable of doing. The company also supports efforts to empower its employees by encouraging them to be independent and to make decisions in various areas. This, in turn, ensures job enrichment. Based on this information, identify the pay structure being utilized by Heightened Homes. Select one: a. straight piecework plan b. skill-based pay systems c. merit pay system d. differential piece rates e. standard hour plan
Answer: skill-based pay systems
Explanation:
I need q 4 and 5 please:)
The time attendance system in the production division at MM, an automobile manufacturing company, was malfunctioning. Consequently, Greg Hill, one of the front-level managers, sent it for repair. In the meantime, he placed a register where all workers of the production division had to provide their time of entry and exit from office. At the end of the week, when looking through the time logs, he had certain concerns about a group of employees. In the next week, he personally tracked the time this group of employees spent working and realized that they were reporting a greater number of working hours than they actually worked. This group engaged in a barrier to communication called _
Competitive dynamics refers to the: a. circumstances in which competitors are aware of the degree of their mutual interdependence resulting from market commonality and resource similarity. b. set of competitive actions and competitive responses the firm takes to build or defend its competitive advantages and to improve its market position. c. ongoing actions and responses among all firms competing within a market for advantageous positions. d. ongoing set of competitive actions and competitive responses between competitors as they maneuver for advantageous market position.
Answer:
d. ongoing set of competitive actions and competitive responses between competitors as they maneuver for advantageous market position.
Explanation:
Competitive dynamics refers to the ongoing set of competitive actions and competitive responses between competitors as they maneuver for advantageous market position.
This ultimately implies that, competitive dynamics comprises of various competitive actions or activities that a particular company or business firm engages so as to have a competitive advantage over its competitors in the same industry or market. Thus, it avails a business the opportunity to have a better market-share over rival firms.
Lisa Campos was interested in buying a coffee pot to use at college and a cassette player for her sister's birthday present. At the local discount store, she compared prices on coffee pots and chose the cheapest. She read the product information on each cassette player and finally chose one with stereo headphones and a rechargeable battery. For Lisa, the coffee pot was a. a convenience product, but the cassette player was a specialty product b. a heterogeneous shopping product, but the cassette player was a staple c. an impulse product, but the cassette player was a convenience product d. a specialty product, but the cassette player was a heterogeneous shopping product e. a homogeneous shopping product, but the cassette player was a heterogeneous shopping product
Answer:
e. a homogeneous shopping product, but the cassette player was a heterogeneous shopping product.
Explanation:
Price can be defined as the amount of money that is required to be paid by a buyer (customer) to a seller (producer) in order to acquire goods and services.
In sales and marketing, pricing of products is considered to be an essential element of a business firm's marketing mix because place, promotion and product largely depends on it.
At the local discount store, Lisa compared prices on coffee pots and chose the cheapest. She read the product information on each cassette player and finally chose one with stereo headphones and a rechargeable battery. For Lisa, the coffee pot was a homogeneous shopping product, but the cassette player was a heterogeneous shopping product.
Homogeneous shopping products can be defined as products that have similar level of quality but with differing attributes such as brand image, price or production style.
On the other hand, heterogeneous shopping products can be defined as products that have different level of quality and their price is less important to consumers.
What's the answer I need help ASAP!!
Answer:
B
Explanation:
Specialty store manager Terri is evaluating her employees for the first week of March. Her part-time sales associates have a sales goal of $5,000 per week, and a conversion rate goal of 60%. Keeping track of how many customers came into the store during her shifts, sales associate Suzy had 120 customers enter the store that week during her shift. Her sales indicate 65 separate transactions for a total sales amount of $4803. Suzy's conversion rate for the week is _______ and her Meeting Quota ratio is _______
Answer:
0.54 and 0.96
Explanation:
Conversion rate is Sales / Sales calls.
There are 65 sales transactions in total and the customers entered into the store are 120.
Conversion rate is 65 / 120 = 0.54
Meeting Quota ratio is Actual Sales / Sales goal
Actual Sales amount to $4803 while the sales goal was $5,000
Meeting quota ratio is 4803 / 5000 = 0.96
Which of the following statements would come from someone classified as unemployed? Question 25 options: I can't stand my current job as a telemarketer. I used to be a nuclear engineer. I'm a full-time student at the University of Illinois who doesn't have time to work. I'm not working because I'm going to Jamaica with my buddy. I'm not working. I had three interviews this week, and I'm trying to find a job. I haven't had a job in a year, and I stopped looking for a job nine months ago.
Answer:
I'm not working. I had three interviews this week, and I'm trying to find a job.
Explanation:
Unemployment rate refers to the percentage of the total labor force in an economy, who are unemployed but seeking to be gainfully employed. The unemployment rate is divided into various types, these include;
I. Natural Rate of Unemployment (NU).
II. Frictional unemployment rate (FU).
III. Structural unemployment rate (SU).
IV. Actual unemployment rate (AU).
V. Cyclical unemployment rate (CU).
The statement which would come from someone classified as unemployed is; I'm not working. I had three interviews this week, and I'm trying to find a job.
Se venció una letra de cambio por $2,000 hace tres meses y se cobra el 1% mensual más IVA (16%) de intereses. Cual es el ajuste
Answer:
ajuste por moras e intereses = $23.20
valro de la letra de cambio = $2,000
total $2,023.20
Explanation:
el interes real que se cobra por mes = 1% x (1 + 16%) = 1.16%
el valor total de los intereses cobrados mas la letra inicial = $2,000 x (1 + 1.16%)³ = $2,000 x 1.016³ = $2,023.20
ajuste por moras e intereses = $23.20
valro de la letra de cambio = $2,000
total $2,023.20
Ben was a salesperson for a manufacturing firm in the late 1920s. Which of the following would his employer most likely have asked him to do? a. Find out what customers really want and how the company can change its products to better meet customer needs. b. Simply take orders from customers and turn them in to the company. c. Nothing, because at this time production lagged well behind customer demand. d. Use high-pressure sales technique to sell more of the company's high production output. e. Develop long-term relationships with clients.
Answer:
d. Use high-pressure sales technique to sell more of the company's high production output.
Explanation:
In the 1920s there was a boom in the sales due to tariffs placed on goods from outside of the United States.
So there was more patronage for locally made products.
Marketing developed as a conscious strategy for businesses.
As a salesperson for a manufacturing firm in the late 1920s Ben will be accustomed to using high-pressure sales technique to sell more of the company's high production output.
This will be the most effective role for him.
Identify each statement as either true or false. In the United States, banks keep the entire value of all customer deposits in the bank vault to meet customer withdrawals. Banks typically loan out a portion of customer deposits. Bank runs occur when many customers attempt to withdraw deposits from a bank at the same time and the bank is unable to pay all customer withdrawals. The Federal Deposit Insurance Corporation (FDIC) protects bank depositors from bank failure. The fractional reserve banking system requires all banks to keep the total value of customer deposits in their vaults to prevent bank runs.
Answer:
false
true
true
true
false
Explanation:
Fractional banking is a banking system where a portion of customer's deposits is kept as reserves while remaining portion is lent out. The amount kept as reserves is determined by the required reserve ratio set by the Central bank.
If the required reserve ratio is 10% and $100 is deposited, reserves would be $10 and $90 would be lent out
Fractional banking is practiced in the US
Bank run is when depositors withdraw their monies from the bank due to fear of the bank failing.
The Federal Deposit Insurance Corporation (FDIC) was established after the great depression. Bank run was attributed to be one of the causes of the great depression. The FDIC increases confidence of depositors in banks because they insure the deposit of bank customers. In the case a bank fails, customers are assured that they would not lose their monies deposited
Date
Page
2
2) Marketing is meeting
needs
profitably!
Comment
Answer:
markeing
Explanation:
communication skills, credentials, honesty
DUE TODAY PLEASE HELP T^T
After you complete your self-assessment, you should compare it with a description of your career choice.
False
True
Answer:
i think its true
Explanation:
Answer:
Probably True.
After you complete a self-assessment you should compare it with a description of your career choice. This could be helpful,
Income received by households through the lending of their money to corporations and business firms is an example of
income.
Answer:
Interest / Dividend Income
Explanation:
Answer:
Answer for EDGE is C or Interest
Explanation:
Say you are grocery shopping and you come across an item for which the unit price is not labeled. How can you find the
unit price on your own?