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1 year ago

As a group, oligopolists would always be better off if they would act collectively

1 answer:

4 0

The combined actions of oligopolists would always be preferable to those of a single monopolist. The correct response is option (c).

<h3>Define Oligopoly. </h3>

An imperfectly competitive market structure known as an oligopoly is one in which a limited number of businesses sell the same goods. Businesses in this type of market produce profits that are above average due to the high entry barriers.

A scenario known as monopoly occurs when there is only single-seller in the market. In traditional economic theory, the monopolistic situation is seen as the complete antithesis of perfect competition. The demand curve that the monopolist encounters is, by definition, the industry's downward-sloping demand curve.

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When a purchaser authorizes a broker to collect their commission from the listing broker or seller pursuant to an Exclusive Righ

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Answer:

4. The obligation for payment of the commission is whichever compensation arrangement box is checked.

Explanation:

Exclusive right-to-buy contracts is one of the most common buyer-broker agreement between buyers and brokers or sellers.

This agreement outlines the obligations of the broker, the broker-agent relationship, and the responsibilities of the buyer.

Whatever is agreed on between the buyer and the seller or broker is the obligation for payment of commission and this will be strictly adhered to by both parties.

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3 years ago

Which of the following are microeconomic problems? (You may select more than one answer.)(a) Work/leisure choice.(b) Marketing s

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Answer:

(a) Work/leisure choice

(b) Marketing strategy

Explanation:

Microeconomic issues relate to those that are within the scope and power of individuals, households and firms which means that problems here will relate to decisions that these participants make in relation to resource allocation.

Choices relating to leisure or work have to do with the individual and the resources they would need or derive from either work or leisure and so are a microeconomic problem.

The marketing strategy that a firm should pursue is related to an individual firm and so is a microeconomic problem as well.

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4 years ago

Sinclair Manufacturing Company experienced the following accounting events during its first year of operation. With the exceptio

matrenka [14]

Answer:

Please see the attached image for the Horizontal Financial Statements of Sinclair Manufacturing Company.

Explanation:

5. FURNITURE - Straight Line Method

Book Value of Furniture = Cost of Acquisition - Residual Value

Cost of Acquisition = $9,600

Residual Value = $1,600

Book Value of Furniture = $9,600 - $1,600

Book Value of Furniture = $8,000

Useful Life = 4 years

Depreciation Expense = $8,000 / 4 years

Depreciation Expense = $2,000 per year

6. EQUIPMENT - Straight Line Method

Book Value of Equipment = Cost of Acquisition - Residual Value

Cost of Acquisition = $16,000

Residual Value = $1,000

Book Value of Furniture = $16,000 - $1,000

Book Value of Furniture = $15,000

Useful Life = 5 years

Depreciation Expense = $15,000 / 5 years

Depreciation Expense = $3,000 per year

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3 years ago

Jessica works for ABC Shoes. At ABC, Jessica is responsible for establishing structure, strategic goals, and guiding her empl

vesna_86 [32]

Answer: Top Manager

Explanation:

Top manager are managers at or near the upper levels of the organization structure who have the responsible for making organization wide decisions and establishing the plans and goals that affect the entire organization.

Top managers typically have titles such as executive vice president, president, managing director, chief operating officer, or chief executive officer.

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3 years ago

An example of Web 2.0 is a high school student promoting his or her poetry on a blog.

puteri [66]

I believe the answer to this question is : False

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