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nikitadnepr [17]
1 year ago
11

Suppose a market is initially perfectly competitive with many firms selling an identical product. Over time, however, suppose th

e merging of firms results in the market being served by only three or four firms selling this same product. As a result, we would expect
a decrease in market output and an increase in the price of the product
Business
1 answer:
Elodia [21]1 year ago
3 0

The merging of firms results in the market being served by only three or four firms selling this same product would lead to a decrease in market output and an increase in the price of the product. This is oligopoly

Initially if it is perfectly competitive it is almost impossible for other firms to enter. Now as it is said that if they do enter and they ultimately sell the same product they don't have any control on the price of the product. This is sometimes known as oligopoly, and they try to replace the product with close substitutes.

Oligopoly- An oligopoly is a market structure in which a small number of large sellers or producers dominate a market or industry. Oligopolies are frequently the result of a desire to maximize profits, which can lead to collusion among companies.

For more information on oligopoly visit:
brainly.com/question/13635083
#SPJ4

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Answer:

Zola's gross income is worked out under community property state;

Explanation:

community property state

Dividends ($1200/2)                               $600

Interest on certificate of deposit  ($900/2)     $450

Salary               ($80,000/2)                          $40,000

Gross income                                         $41,050

Under community law system, all the property is deemed to be community property and is held jointly by the spouses unless the property is acquired before marriage or inheritance or gift.

For federal tax purposes, each spouse is taxed one and half of the property belonging to community. Therefore Zola is taxed 50% for the incomes of her spouse as well including the interest on certificate of deposit.

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3 years ago
You are most concerned for the infant who has
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A i think, did btec childcare
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3 years ago
A flexible budget for 15,000 hours revealed variable manufacturing overhead of $90,000 and fixed manufacturing overhead of $120,
Ket [755]

Answer:

B. $270,000.

Explanation:

The computation of the total overhead cost is shown below:

But before that first we have to find out the variable overhead per hour which is

= $90,000 ÷ 15,000

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6 0
3 years ago
In order to accept payments by credit card, online merchants typically must have a merchant account established with a bank or f
vivado [14]

Answer:

A. True

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For accepting the payment by credit card or by debit card, the online merchant i.e online seller by whom the individual buys the products online.

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Consider two spices, cumin and paprika, to be substitutes, a decrease in the supply of paprika, should cause an increase in the
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an increase in the price of both

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