1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Gnom [1K]
2 years ago
7

Elvira College has an enrollment of 1,000 students and is located in a small Midwestern town named Johnsonville. Johnsonville ha

s a total population of 2,500 people. The nearest town is 20 miles away. Most of the residents shop locally, but they travel about once a month to the larger city and pick up the large-ticket items. Johnsonville has one fairly good-size supply store named Jameson's Grocery. The only other place in town where you might buy supplies is at the gas station/convenience store located on the edge of town. What competitive situation is Jameson's Grocery experiencing?
Mathematics
1 answer:
aliina [53]2 years ago
4 0

Since there are only two (2) sellers in the town with many buyers, the competitive situation which Jameson's Grocery is experiencing is an oligopoly.

<h3>What is an oligopoly?</h3>

An oligopoly can be defined as a market structure which comprises a small number of business firms (sellers) that are offering identical (similar) products to many buyers, wherein none of the sellers can limit the significant influence of others.

In this scenario, we can infer and logically deduce that the competitive situation which Jameson's Grocery is experiencing is an oligopoly because there are only two (2) sellers in the town with many buyers (1,000 students).

Read more on oligopoly here: brainly.com/question/3227891

#SPJ1

You might be interested in
Which of the following relations is a function?
ella [17]
From my work I believe it should be the third one. 
4 0
3 years ago
PLEASE HELP ME, IF CORRECTLY ANSWERED I’LL GIVE BRAINLIEST
Vedmedyk [2.9K]

Answer:

c=f(x)−ax^2−bx

Step-by-step explanation:

7 0
3 years ago
Read 2 more answers
The graph of the line x=-4 is a horizontal line
natita [175]

Answer:

Yes

Step-by-step explanation:

5 0
2 years ago
Need help with this question​
Y_Kistochka [10]

Now if the lemonade is 1.50 he can only buy two because the total amount is 8.30 so it will be 3.00 and the amount left will be 5.00 and you can only buy one cupcake so you will buy two lemonades one cupcake

3 0
3 years ago
Read 2 more answers
What is -12x-5(-8)=40​
ololo11 [35]

Answer: 0

Step-by-step explanation:

4 0
3 years ago
Read 2 more answers
Other questions:
  • -13=7d+64 what is the answer
    14·2 answers
  • 2. Geoff planted dahlias in his garden. Dahlias have bulbs that divide and reproduce underground. In the first year, Geoff’s gar
    7·1 answer
  • HELP ME PLEASE !!! I NEED IT
    8·1 answer
  • Select ALL the correct answers.<br> Which of the following functions are odd? PLEASE HELP!!!! ASAP
    11·2 answers
  • Chiara rode herbicycle 18.2 km in 1.4 hours. She determines that her mean speed was less than 17 km per hour for this trip. Is s
    15·1 answer
  • 9,471 divied by 8 and place value chart
    6·1 answer
  • A(2,y)∈ d:2x-3y+5=0 .y=?
    10·1 answer
  • What does DYV (dive) stand for on ISTEP
    13·1 answer
  • When solving: 1,175 ÷ 5, using partial quotients, how would you decide which power of 10, when multiplied by 5, should be subtra
    9·1 answer
  • At a pizza place, a large pizza cost $7. 50 and toppings cost $0. 50 each. Write an equation the can be used to represent the co
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!