As an Oligopoly firm produces at a higher output, economies of scale allow the costs per unit (ATC) to <u>decline</u> significantly.
When firms in an oligopoly market individually chooses production in order to maximize profit, a quantity of output is produced by them which is higher than the level produced by monopoly and lesser than the level produced by competition.
The existence of economies of scale in certain industries can lead to oligopolistic market structures in those industries. This oligopoly market structure refers to a market form in which there are only a few sellers and they sell similar products.
The Oligopoly firm produces at a higher output, and so the costs per unit here decline significantly. Oligopoly firms are also able to take advantage of economies of scale that reduce production costs and prices.
Thus, when the oligopoly firm produces at a higher output, economies of scale allow the costs per unit (ATC) to decline significantly.
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Answer:
Adjusted balance method.
Explanation:
Adjusted balance method is defined a method of calculating financial interest based on the outstanding balance at the end of the last billing period after the payments after all necessary adjustment to the account has been made.
This method of interest calculating leads to a reduced finance charge with time as payments are being made to offset and reduce the balance on the card
Answer: $1,800,000
Explanation:
The merchandise inventory of Glaus at December 31, 2017 will be:
Begining Inventory = $1,600,000
Add: Purchases = $3,200,000
Less: Cost of goods sold = $4,000,000
Add: Gross profit = 25% × $4,000,000 = $1,000,000
Ending Inventory = $1,800,000
The answer is $1,800,000.
Answer:
d. segmentation
Explanation:
Segmentation is when a firm divides its customers or potential customers into groups based on certain traits.
Types of segmentation includes:
Demographic segmentation
Psychographic segmentation
Behavioral segmentation
Geographic segmentation
Answer:
Fred's seniority is a good defense for Grange
Explanation:
Based on the situation at hand and the details provided within the question it can be said that in Ellen’s suit against Grange for discrimination, most likely Fred's seniority is a good defense for Grange. Since Fred has been working at Grange Storage for a long time then Fred also has a right to claim that opening for himself.
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