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cupoosta [38]
2 years ago
12

In a sweezy oligopoly, the profit-maximizing level of output occurs where:_____.

Business
1 answer:
hodyreva [135]2 years ago
7 0

In a Sweezy oligopoly, the profit-maximizing level of output occurs where mr=mc.

Paul M. Sweezy created the oligopoly's kinked demand curve in 1939. The model explains how oligopolistic groups behave rather than placing emphasis on how price-output determination occurs.

With an equilibrium output of Q units and an equilibrium price of P, the oligopolist maximizes profits by equating marginal income with marginal cost.

Due to each company's desire to maximize profits, there is frequently intense competition among them when it comes to pricing, production, and promotion.

The main distinction between a monopolist and a perfectly competitive firm is that although for a monopolist, marginal revenue is not equal to the price since changes in output quantity affect the price.

To learn more about monopolists refer to:

brainly.com/question/14055453

#SPJ4

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Mariana [72]
<span>D. The product is a necessity.</span>
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3 years ago
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Skullcandy makes headphones. For 2016 it plans to offer a new product line of wireless headsets to the marketplace. It planned o
Yuki888 [10]

This is an example of a company’s: <u>objective</u>.  

<u>Explanation</u>:

Objective is an aim to achieve something. Objectives explains what are to be done.

A company's objectives describe the goals that are to be achieved by the organization. The strategies will also be defined to achieve the goal. The resources, material and finance to achieve our goal are also defined to reach the objective. The company defines its objective to increase their success rate.

In the above scenario, Skullcandy decides to launch its new product- a wireless headset. The company decides to increase its market share by releasing the new product. This shows the objectives of the company.

4 0
3 years ago
Peterson Corporation wanted to run an ad campaign that featured popular songs sung by the original singer. The aim was to make a
belka [17]

Answer:

Misappropriation refers to the use of another person's intellectual property including their name or likeness without prior permission from the person which can then cause harm to that person.

This is indeed an example of misappropriation because the company tried to use Bette's likeness in the commercial. After being rebuffed by Bette saying that she does not do commercials for whatever business or personal reasons known to her, they still sought to use her popularity and image to make their products more popular.

To do so they hired a backup singer and told her to sing as much like Bette as she could so much so that even Bette's close acquaintances thought that it was Bette. If her close acquaintances could think it was her, imagine the general public.

They therefore made it seem as though Bette did their commercial which then would mean that Bette does in fact do commercials which would do damage her assertion that she does not do same. This would bring harm to her business relationships if for instance she had rebuffed other companies in the past when they sought her to do their commercials.

This is a case of Misappropriation and Bette should sue.

8 0
2 years ago
Suppose a firm has 15 million shares of common stock outstanding and six candidates are up for election to five seats on the boa
jasenka [17]

Answer:

Consider the following calculations

Explanation:

a.) Under cumulative voting scenario,

Total number of votes available = Common Shares Outstanding × No of directors

                                            = 15 x 5 million

                                            = 75 million

As there are six candidates for the five board positions, the five candidates with highest number of votes will be elected to the board and the candidate with the least total votes will not be elected.

Minimum votes needed to ensure election =1/6 x 75 million + 1 vote to break any ties

                                                              = 12,500,001 votes

If one candidate receives 12,500,001 votes, the leftover is total 62,499,999 votes.

No matter how these votes are spread over the remaining 5 director candidates, it is impossible for each of the 5 to receive more than 12,500,001. This would require more than 5 × 12,500,001 votes, or more than the remaining 62,499,999 votes.

b.) Now, in case of straight voting,

Vote on board of directors occurs one director at a time.

=> Number of votes eligible for each director = Number of Shares Outstanding = 15,000,000

Minimum number of votes needed to ensure election is through simple majority i.e. = 15,000,000/2 + 1 = 7,500,001 votes

8 0
2 years ago
If workers actively demand pay increases when the price level is rising and are willing to accept pay cuts when the price level
rosijanka [135]

Answer:

C. nearly vertical.

Explanation:

The changes in any economic conditions will accompany (wage adjusts to the situation) with the wages and the price level will not have much effect on the real output so the short run supply curve is most likely long-run supply curve and vertical.

5 0
2 years ago
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