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Rama09 [41]
1 year ago
8

oligopoly is a market structure characterized by: a regulated natural monopolies. b independence in decision making. c strategic

behavior between rival firms. d a large number of small firms. e substantial diseconomies of scale.
Business
1 answer:
Aleonysh [2.5K]1 year ago
6 0

Oligopoly is a market structure characterized by: C. strategic behavior between rival firms.

<h3>What is an oligopoly?</h3>

An oligopoly can be defined as a type of market structure which comprises a small number of business firms or sellers that are offering identical or similar products to their consumers, in such a way that none of them can limit the significant influence of the other.

<h3>The characteristics of oligopoly.</h3>

Generally, an oligopoly is a market structure that is distinguished by several characteristics and these include the following:

  1. Mutual interdependence between business firms.  
  2. The market is controlled by many small business firms.
  3. Strategic behavior between competitors (rival firms).
  4. Difficult entry to new business firms.
  5. Substantial economies of scale.
  6. Dependence in decision making.

In this context, we can reasonably infer and logically deduce that business organizations or sellers that are operating in an oligopoly are characterized by making strategic behavior between competitors (rival firms).

Read more on oligopoly here: brainly.com/question/3227891

#SPJ1

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3 years ago
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6 0
2 years ago
Marquis Company estimates that annual manufacturing overhead costs will be $822,000. Estimated annual operating activity bases a
Scilla [17]

Answer:

direct labor cost $ 1,99 overhead per dollar of labor

direct labor hours $ 16,12 overhead per labor hour

machine hours  $ 7,54 overhead per machine hour

Explanation:

We will sovle for the predeterminated overhead rate considering each of the three cost driver (activity base)

\frac{Cost\: Of \:Manufacturing \:Overhead}{Cost \:Driver}= Overhead \:Rate

We divide the expected overhead over the cost driver chose by the company. In this case we have thre candidates:

<u>direct labor cost:</u>

822,000 / 414,000 =1,9855

<u>direct labor hours</u>

822,000 / 51,000  = 16,117647

<u>machine hours</u>

822,000 / 109,000 = 7,5412844

6 0
4 years ago
Mathis and Hashey are two of the largest and most successful toymakers in the world, in terms of the products they sell and thei
lapo4ka [179]

Answer:

The answer is  given below;          

Explanation:                              Mathis         Amount in $         Hashey

                                             2011                        2012          2011         2012

Net Sales                        3,631                          4,156              2,268      2,302

A/R-Net                             677                             1,074                967           889

A/R Turnover                3,631/(677+802)   4156/(677+1074)  2,268/(967+540)

                                                                                                         2,302/(889+967)

(Net Sales/Average net receivable)

 A/R Turnover                2.5                             2.4              1.5              1.2

Days to collect    

(Average Receivables/Sales)*365

                               677+802/(3631)     677+1074/(4156)     967+540/(2,268)  889+967/(2,302)

Average days to collect  149                        154                       242             294                                  

7 0
4 years ago
Answer the question based on the following supply and demand schedules in units per week for a product.Price Quanity Demanded Qu
xeze [42]

Answer: equilibrium price is $30

Explanation: price decreased steadily at $10 and demand increased by $40(the lower the price the higher the demand) while supply decreased by $60(the lower the price the lower the supply) From the table equilibrium price equal $30 where demand equal supply at 220 units.

4 0
3 years ago
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