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goblinko [34]
3 years ago
15

Assume there are currently five firms producing and selling fertilizer in the South American market. Also assume that the produc

t is differentiated and barriers to entry are high in the industry, making this market an oligopoly.If two firms were to exit the market, economists expect the equilibrium price will likely
a)not change
b)decrease
c) increase
and the equilibrium quantity will likely

a)not change
b)decrease
c) increase
Business
1 answer:
Jobisdone [24]3 years ago
3 0

Answer:

It is given that in an oligopolistic market, there are at first five firms. At the point when the quantity of fums diminishes to three, it implies that the all out yield will likewise decrease. It is on the grounds that, all the makers are delivering separated items. The inventory of merchandise won't increment in light of the fact that the makers would have expanded the creation before, if that was conceivable. Hence, the balance amount will fall and in view of decrease in amount, cost will increase.

Thus, equilibrium price will likely <u>increase</u> and the equilibrium quantity will likely  <u>decrease.</u>

You might be interested in
which of the following is not an economic goal of leaders of most nations? a. efficiency b. price stability c. growth d. full em
Darina [25.2K]

One thing that is not the economic goal of most nations is e. excess goods and services.

<h3>What economic goals do most countries want?</h3>

Most countries want to be able to provide their people with an adequate living standard.

For this to happen, the economy needs to be growing and have price stability as well as full employment. There is no need for excess goods and services because this represents a waste of resources.

Find out more on economic goals at brainly.com/question/3140788.

#SPJ11

4 0
2 years ago
Facing stiff competition in the e-reader market, Sumac Industries wants to protect its competitive advantage by increasing the p
d1i1m1o1n [39]

Answer:Highlight celebrities who use Sumac e-readers.

Explanation:

According to the question, due to tough competition in market regarding the e-reading product , Sumac industries wants that they can have superior position in e-reader market than other e-reader business organizations.Thus,they want a secure position for their company.

A good strategy for maintaining their position can be done through putting spot-light on the celebrity users of Sumac e-reader.This will be highlighted among celebrity fans or followers and general customers. It will promote or inspire people to purchase Sumac e-reader more as celebrities are using their product.

3 0
4 years ago
Randa is trying to lower the vacancy rates for the commercial property she manages because her revenue targets will increase by
Dmitry [639]

Answer:

Operating budget

Explanation:

An operating budget is a detailed projection where the company expected its revenue and expenses for a period of time. It is to be prepared at the closing of the year to represent the expected level of the activity during the following year

So as per the given situation, it is the operating budget that contains the revenue details

7 0
3 years ago
In general, the better candidates for shortening are: Early tasks opposed to later tasks. Later tasks opposed to early tasks. Bu
Vesnalui [34]

Answer:

Early tasks opposed to later tasks.

Explanation:

Shortening is a strategic procedure used by project managers to reduce or shorten a project's duration by cutting the duration of critical path tasks.

The rationale behind shortening of a project is basically to have a competitive advantage or edge in the market. In order to compete successfully, project managers are always expected to be spontaneous in bringing their company's goods and services to the market in a flash.

There are two important ways of shortening a particular project, these are;

1. Crashing.

2. Task splitting.

In project management, the longest task is considered to be the most effective and efficient candidate activities to shorten a project's duration.

In general, the better candidates for shortening are early tasks opposed to later tasks. The early start of tasks represents one of the primary date used in project scheduling and it's the earliest date a project manager commences an activity, with respect to all its predecessors and successors.

Early tasks usually involves the use of an easy approach to project kickoff while later tasks uses the difficult approach.

8 0
3 years ago
(Learning Outcome 2) Watson Plumbing performed plumbing services for ABC Daycare on account for $565. How will this transaction
Strike441 [17]

Answer:

ABC Daycare

Effect of Performing Plumbing Services on account on the Accounting Equation:

Assets (Accounts receivable) will increase by $565 and Equity (Retained Earnings) will equally increase by $565

Explanation:

a) Data and Analysis:

Accounts receivable $565 Service Revenue $565

The accounting equation that equals assets to liabilities and equity is always true at all times and with every correctly posted transaction.  It implies that assets are financed through the contributions made by either the owners (equity) or the creditors (debts), or a combination of the two.  This equation forms the basis for the double-entry system of financial accounting.

7 0
3 years ago
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