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2 years ago

As a group, oligopolists would always be better off if they would act collectively.

Business

1 answer:

Afina-wow [57]2 years ago

3 0

As a group oligopolists would always be better off if they would act collectively as a single monopolist.

Why do oligopolists act together?

By acting together oligopolistic firms can hold down industry output, charge a higher price, and divide up the profit among themselves.
When firms ac t together in this way to reduce output and keep prices high, it is called collusion.

What are the advantages of oligopoly?

An oligopoly can adopt a competitive strategy.
The extra profits earned from an oligopoly can go into research and development.
It can bring price stability to the market.
Oligopolies can offer more information to their consumers.

Learn more about oligopoly here:

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4 years ago

Hoi Chong Transport, Ltd., operates a fleet of delivery trucks in Singapore. The company has determined that if a truck is drive

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Explanation:

The computation of the fixed cost and the variable cost per hour by using high low method is shown below:

Variable cost per hour = (High Operating cost - low operating cost) ÷ (High driven in kilometers - Low driven in kilometers)

where,

High operating cost = 114,000 km × 12.7%

= $14,478

Low operating cost = 76,000 km × 14.8%

= $11,248

So,

= ($14,478 - $11,248) ÷ (114,000 km - 76,000 km)

= $3,230 ÷ 38,000 km

= $0.085 per km

Now the fixed cost equal to

= High operating cost - (High driven in kilometers × Variable cost per km)

= $14,478 - (114,000 km × $0.085)

= $14,478 - $9,690

= $4,7882

2. The equation is as follows

Y = a + bx

So,

Total cost = $4,788 + 0.085X

Y = a + bx

= $4,788 + 0.085 × 95,000

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3 years ago

Which of the following is TRUE of debt securities? (A) Debt securities include preferred stocks. (B) Debt securities typically p

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Answer:

The statement which is correct and true is that the debt securities usually pay interest for the fixed period or year. Therefore, the correct option is B.

Explanation:

Debt securities are the securities which refer to a debt instrument like CD (Certificate of deposit, preferred stock, corporate bond and municipal bond, it is sold or bought among the parties.

It is also called as the securities which are fixed income, therefore, the statement which is correct is that these securities pay interest for a fixed period.

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3 years ago

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3 years ago

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Answer:

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Explanation:

The principle we apply while making entries for standard warranty is this:

The estimated amount of warranty expense, which a company founds as a percentage of its sales from historical claims and data, is taken as benchmark to accrue the warranty expense in the period when the sale is made (matching principle) .

In our question, 4.5% is the estimated warranty expense.

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3 years ago