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aksik [14]
1 year ago
13

Why are many oligopolistic market outcomes conveniently described by a prisoners' dilemma?

Business
1 answer:
Naddika [18.5K]1 year ago
5 0

Oligopolistic market outcomes conveniently described by a prisoners dilemma because the firms can always achieve the outcome that maximizes joint outcomes.

Oligopoly markets are markets dominated by using a small quantity of suppliers. They can be determined in all countries and throughout a wide variety of sectors. a few oligopoly markets are competitive, whilst others are substantially less so, or can at least appear that way.

The possibly final results for a prisoner's catch situation is that both gamers illness  leading to suboptimal outcomes for each. this is also the Nash Equilibrium, a choice-making theorem inside recreation principle that states a player can reap the favored outcome with the aid of now not deviating from their initial method

Learn more about oligopolistic market here:-brainly.com/question/3005866

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The terms of trade must be higher (graphically to the right) of a nation's own production __________________
Zepler [3.9K]

Answer: cost ratio

Explanation: The terms of trade must be higher (graphically to the right) of a nation's own production cost ratio. The production cost ratio allows small-scale manufacturers to determine their cost more accurately as well as control known cost parameters and is a method that can be adapted and applied to any business.

In a multi-product manufacturing firm, the production cost ratio is necessary for accurate compilation and allocation of production costs to each category of product especially when both the Production Time and the Production Runs are not the same and/or when fixed labor, overhead and other costs are drawn from the same pool. When the ratio is not applied results in a skewed allocation of production costs. This in turn can affect the business as it becomes difficult to ascertain the products whose production are more profitable to the business.

3 0
4 years ago
Yasmin listed a house at a 6% commission rate, and it just sold for $463,500. Her brokerage and the buyer’s agent’s brokerage sp
AVprozaik [17]

Answer:

$8,343

Explanation:

Calculation to determine How much did Yasmin earn from this transaction

First step to calculate the Total commission from sale

Total commission from sale= ($463,500 × 0.06)

Total commission from sale=$27,810

Second step is to calculate Yasmin's firm's share

Yasmin's firm's share= ($27,810 ÷ 2)

Yasmin's firm's share=$13,905

Now let calculate How much did Yasmin earn from this transaction

Yasmin's Earning = ($13,905 × 0.60)

Yasmin's Earning=$8,343

Therefore the amount that Yasmin earn from this transaction is $8,343

6 0
3 years ago
Delia files a suit against Eduardo in a Florida state court over the ownership of a boat docked in a Florida harbor. Both Delia
harkovskaia [24]

Answer:

The answer is: D) is a more convenient location to hold the trial.

Explanation:

A change of venue happens when a case is transferred from a court in one location to a court in a different location. It can be requested if it is convenient for the parties in a lawsuit.

In this case both Eduardo and Delia live in Georgia, so if a trial is held there, they would need to travel and probably hire local lawyers which can be time consuming and expensive.  Eduardo can argue that by holding the case in Georgia benefits both Delia and him.

6 0
4 years ago
Describe a social enterprise
adelina 88 [10]

A social enterprise is a  business that tries to solve

social problems, improve  people’s lives, or the environment.

Social enterprises are  businesses. They produce goods and services that earn money and  make profits like any business but they are working to make a  bigger difference, reinvesting  the profits they make to do more  good.

8 0
3 years ago
To determine the net cash provided (used) by operating activities, it is necessary to analyze Group of answer choices the curren
Svet_ta [14]

Answer:

All of these.

Explanation:

All of these are the correct answer because to determine the net cash from the operating activities, there is a requirement of the current year's income statement, additional information such as depreciation and amortization and a comparative balance sheet. In order to get cash from operating activities, the changes and non-cash capital, other non-cash adjustments, depreciation is added to the net income.

8 0
3 years ago
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