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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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Which of the given stakeholders form part of a company’s secondary stakeholders?
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Explanation:

A company stakeholder can be either an individual group of people or an institution whose actions can affect a business or can be affected by the actions of that business. examples of those stakeholders include government, business, competitors, media groups.

5 0
3 years ago
You have 25 years left until retirement and want to retire with $1.1 million. Your salary is paid annually, and you will receive
Reptile [31]

Answer:

percentage of your salary save each year is 13.24%

Explanation:

given data

time period t = 25 year

amount = $1.1 million

salary = $61000

increase r1 = 4 percent per year = 0.04

return r2 = 10 percent = 0.1

to find out

what percentage of your salary must you save each year

solution

we consider here annual saving = A

so amount formula is

amount = A × \frac{(1+r1)^t -(1+r2)^t}{r1-r2}

here A is annual saving and r1 is increase rate and r2 is return rate

1100000 = A × \frac{1.1^{25} - 1.04^{25}}{0.1-0.04}

A = $8079.45

so

proportion of salary is \frac{8079.45}{61000}

proportion of salary = 13.24%

so percentage of your salary save each year is 13.24%

7 0
3 years ago
Over the last half century, the percentage of the U.S. labor force working in manufacturing thas
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B definitely b because why not
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In a process costing system, which of the following would be TRUE?a.There is no need to track materials to processes.b.There is
Allushta [10]

Answer:

d.All of these choices are true.

Explanation:

In a process costing system, a.There is no need to track materials to processes.b.There is no need to use time tickets to assign costs to processes.c.A process costing system is more expensive to maintain because it has more work-in-process accounts.d.All of these choices are true . All of the choices given are true .

3 0
3 years ago
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mars1129 [50]

Answer:

The correct answer is the letter a. "Make more than 20 wedding cakes a month."

Explanation:

To maximize profit the marginal price of each cake must equal the marginal cost of each cake. The marginal cost is 300 and the marginal price is 5000/20 = 250. The marginal price of each cake (250) is less than the marginal cost of each cake (300), so Laura needs to make more than 20 cakes to increase her revenue and maximize her profit.

5 0
3 years ago
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