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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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Jana has spent the last year traveling to different operations for her company. She visited factories in Mexico and Thailand, a
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The question is incomplete, in order to complete the sentence, it follows with the description, “Jana noticed that it seemed easy to convince people to work together for the good of the group. How would you characterize this trait?”

 

Based on the question above, Jana can be characterized as a collectivist by which is defined as a practice or principle of where an individual prioritizes other group than any or over any individuals.

4 0
3 years ago
Any ideas on a gum packaging to send the gum to customers
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Answer:

Grab some paper and wrap it around unchewed gum and do that for the amount of gum you want, Then put it in a small box.

3 0
3 years ago
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Empirical studies of returns earned by mutual funds suggest they consistently outperform the market.True or False?
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False

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Studies of mutual fund performance indicate that mutual funds that outperformed the market in one time period usually do not beat the market in the next time period.

7 0
3 years ago
On December 31, there were 46 units remaining in ending inventory. These 46 units consisted of 6 from January, 8 from February,
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Answer:

$6,734

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On December 31, there were 46 units remaining in ending inventory.

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6 from January x $123 = 738

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Using the specific identification method, the cost of the ending inventory is: 734 + 1064 + 1430 + 1224 + 2282 = $6734

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Answer:

C) knowledge

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According to my research on different production factors, I can say that based on the information provided within the question Diana's is using the factor of production known as Knowledge. This can be said because she is learning new ways of growing her business by learning about different territories (technology) in which to expand her business.

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

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