1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
garik1379 [7]
3 years ago
11

Jack, Jamie, Ronnie, and Stephan own the only computer software manufacturing companies in the country. When Jack increases the

price of his product and advertises extensively to promote it, the other three manufacturers immediately increase their prices and launch promotional strategies. What type of market structure do these four companies operate in
Business
2 answers:
Aneli [31]3 years ago
7 0

Answer:

Oligopoly

Explanation:

Oligopoly is a type of market structure in which few number of firms control or collectively dominate a market. Each of the few firms in an Oligopoly can exact a significant influence on the others in their pricing and output policies. Usually, an Oligopoly market structure is controlled by two or more few number of firms having a firm grip on the market share, who compete with each other.

Likurg_2 [28]3 years ago
6 0

Answer: Perfect Competition

Explanation:

This is a situation prevailing in a market in which buyers and sellers are so numerous and well informed that all elements of monopoly are absent.

You might be interested in
Suppose that the home country in the two-sector (manufacturing and agriculture) specific-factors model has a comparative advanta
Whitepunk [10]

Answer:

Explanation:

In a situation such as this one the individual workers and their families may be better off or may actually do worse due to the real wage rises in terms of agricultural goods but the real wage in terms of the manufactured goods will actually fall. Therefore it depends on the worker's unique situation and in which sector they are in which determines if they are better or worse.

5 0
3 years ago
Describe external resources useful to entrepreneurs during concept development
marin [14]
The external research that would be useful would be research.
Research could be divided into direct and indirect.
Direct research is being done by directly ask the potential customer what they want (through things like questionnaire)
And indirect research is being done through observation (pay attention to the market trend)
4 0
3 years ago
On July 1, the inventory of at Barnett Shoes was $60,000. Because of anticipated back-to-school sales, the owner wants to have a
AVprozaik [17]

Answer:

required purchase             83,500

Explanation:

The cost of inventory in july sales and our desired ending invenory is the amount we need. the beginning inventory is a portion of this demand already fullfil, we need to purchase for the difference.

cost of inventory sales for July:

           70,000 x (1 - 45%) =  38,500

desired ending inventory   105,000

beginning inventory        <u>    (60,000)   </u>

  required purchase             83,500

4 0
4 years ago
Last year Lawn Corporation reported sales of $115,000 on its income statement. During the year, accounts receivable decreased by
julia-pushkina [17]

Answer:

$125,000

Explanation:

Particulars                                                     Amount

Sales revenue                                            $115,000

Add: Accounts receivable decrease        <u>$10,000</u>

Cash Receipt from customers                 <u>$125,000</u>

The sales revenue adjusted to a cash basis for the year is $125,000.

4 0
3 years ago
_____ uses an iterative process that repeats the design, development, and testing steps as needed, based on feedback from users.
Alecsey [184]

Answer: Rapid Application Development (RAD)

Explanation:

Rapid Application Development (RAD) is a method of developing software that tries more to develop a working model first and then adjusts as it receives feedback from users. It essentially is evolving every time because instead of planning for what is needed ahead of time, it simply makes a product and changes it as needed to fit the actual needs of the customers.

5 0
3 years ago
Other questions:
  • The number of jobs available in the U.S. economy is largely determined by the number of workers private firms choose to hire. In
    13·1 answer
  • Match each type of business with the person or persons who get to keep the business's profits.
    5·2 answers
  • Cleo writes a check for $100 drawn on debit &amp; credit bank and presents it to elegant jewelers for payment. if the check is n
    8·1 answer
  • If GDP is $12,000 and velocity is 4, the money supply is
    8·1 answer
  • Ethel is having a Halloween party at her house and you can’t remember where she lives! You know that Mildred doesn’t live next d
    9·1 answer
  • A BBB-rated, $1000 face value, corporate bond has a yield to maturity of 8.2%. A U.S. Treasury security has a yield to maturity
    10·1 answer
  • What is the process of determining the present value called?
    7·1 answer
  • Strategically thinking, why might management opt for other than the most economical choice
    6·1 answer
  • Learning Task No. 1: Complete the following table.
    7·1 answer
  • The law of supply states that other things remaining the same, a decrease in the price of kayak leads to?
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!