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2 years ago

A market in which a small number of strategically interacting firms produce the dominant share of output is called:_____.

1 answer:

4 0

Monopolistic markets are those in which a small number of strategically interacting enterprises produce the lion's share of the output.

The other end of the market structure spectrum, where there is only one firm, is called a monopoly. Monopolies possess monopoly power, or the capacity to alter the product's price. Market power, another name for monopoly power, is quantified by the Lerner Index. Monopolistic competition and oligopoly are the two intermediary market forms that are defined and discussed in this chapter. Market structure characterized by a differentiated product and flexibility of entry and exit is known as monopolistic competition. Monopolistically Competitive enterprises have two traits: one similar to a monopoly (a differentiated product gives it market strength) and the other to a competitive firm (freedom of entry and exit).

Learn more about Monopolistic here.

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Tim, who works for Peachtree Realty, referred a buyer to a broker who works for Pinetop Realty. The referring agent is to receiv

IrinaK [193]

Answer:

$1,312.50

Explanation:

Calculation for How much was the referring agent paid

First step is to find the buyer agent amount by using the buyer's agent percentage to multiply the buyer purchased amount of the home

Using this formula

Buyer agent amount =Buyer's agent percentage× Home purchased amount

Let plug in the formula

Buyer agent amount=1.5%×$350,000

Buyer agent amount=$5,250

The last step is to find How much was the referring agent paid

Using this formula

Amount referring agent paid =Buyer agent amount× Percentage of buyer side commission

Let plug in the formula

Amount referring agent paid=$5,250×25%

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3 years ago

What was the ratio of per capita income in each of the following countries to that in the United States in the year 2010:

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Answer:

For Countries (per capita) United States of America (per capita)

Ethiopia:

$380 $48,468

Mexico:

$9,271 $48,468

India:

$1,358 $48,468

Japan:

$44,508 $48,468

Explanation:

Ratio per Capita also known as Gross Domestic Product per Capita (GDP Capita) is the monetary measure of the market value of all the final goods and services produced in a specific time period within the country in view. It is useful for comparing national economies of different countries on the international market.

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