Answer:
what? I need points tho thanks
Answer: Option B and C
Explanation: In simple words, oligopoly refers to the market structure in which there are few firms operating at a huge level and selling products that are close but not absolute substitutes of each other.
The high level of investment and too much of legal formalities makes it difficult to entry in such industries. Firms in such industries produce identical goods thus they do not compete in the amaretto with respect to price.
the firms operate their market on the basis of non price factors such as advertisements but still are mutually interdependent on each other as a minor decrease in price of other can deregulate the demand in the whole industry. Automobile sector is one the primary examples of oligopoly.
Increasing opportunity costs of producing goods imply that the production possibilities curve will be bowed outward. In a recent Page One Economics: Money and Missed Opportunities, senior economic education specialist Andrea Caceres-Santamaria explains that opportunity cost is the value of the next-best alternative .
when a decision is made; it is what is forfeited. It is necessary to weigh the advantages and disadvantages of each choice offered in order to correctly assess opportunity costs. A company owner wants to increase the number of production available. The potential worth of that money being spent somewhere else or saved for the future is known as the opportunity cost.
To learn more about opportunity cost, click here.
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Answer:
The correct answer is Escalation of commitment bias.
Explanation:
Commitment bias is the tendency to use a loss (of time or money) as an excuse to increase that loss.
Let's see an example. We pay a cinema ticket to see a movie and after twenty minutes we understand that it is unbearable; Now, since we have already paid, we decided to see it to the end. Curiously, in that decision we will not only have lost money, we will also have wasted time seeing something that has ceased to interest us from the beginning. The curious thing is that this bias is present in many areas of life. We can see it in those couples who stay together without anyone fully understanding why. It is as if so much time “invested” in the couple comes before the fact that they get along badly (and worse and worse). The same with a job, with a friend or with the study.
Answer:
gross income amount = $51,900
Explanation:
given data
received compensation = $51,900
received interest from municipal bond = $455
solution
we get here amount of Lebron's gross income that is
gross income amount = only received compensation here
receive interest from municipal bond is not consider here for gross income
so here gross income amount will be only here
gross income amount = $51,900
