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3 years ago

Why does an oligopoly only work if there are high barriers to entry in a market?

1 answer:

4 0

An oligopoly is the limitation of competition. If you can keep competitors out of the marketplace, you have more of a chance to make a profit. If you are in a business with a very high capital outlay or you have an extremely well trained labor force that your competitors can't match then you have effectively created or have created for you a very high barrier. Hence an oligopoly.

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Miguel was asked to improve his company's report format. Many employees and clients found the reports hard

VLD [36.1K]

In order to increase the readability, Miguel can use:

Shorter lines.
Columns.
Boxes.

<h3>Improving readability </h3>

Miguel can use shorter lines so that the chances of people getting lost when reading a sentence is reduced. He can also present the information in different columns for more organization.

Another way to organize the information can be in boxes. These can explain concepts away from the text so that the report is less cluttered.

In conclusion, there are several ways to increase readability.

Find out more on readability at brainly.com/question/3923453.

7 0

2 years ago

john’s friend, michael, just got fired from his job as a server at a local restaurant. after michael is done telling his story a

puteri [66]

In a case whereby john’s friend, Michael, just got fired from his job as a server at a local restaurant and narrated the issue to John, and John says "so, your boss took the customer’s words over yours, then John means that his boss do not trust him.

<h3>What is the trust between the employee and employer?</h3>

The trust between the employee and employer can be seen as one that do make the relationship between the employer as well as the employee to be strong.

It should be noted that the Trust in the workplace implies that there is a culture of honesty as well as psychological safety which exist between the employee as well as the employer, hence in the case whereby the employer is acting against the employee as a result of the comments from the customer without any investigation implies that there is no trust between them which is not adviceable.

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brainly.com/question/1286522

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5 0

1 year ago

Solving for dominant strategies and the Nash equilibrium Suppose Nick and Rosa are playing a game in which both must simultaneou

slava [35]

Answer:

The only dominant strategy in this game is for NICK to choose RIGHT. The outcome reflecting the unique Nash equilibrium in this game is as follows: Nick chooses RIGHT and Rosa chooses RIGHT.

Explanation:

ROSA

left right

4 / 6 /

left 3 4

NICK

right 6 / 7 /

7 6

Rosa does not have a dominant strategy since both expected payoffs are equal:

if she chooses left, her expected payoff = 3 + 7 = 10
if she chooses right, her expected payoff = 4 + 6 = 10

Nick has a dominant strategy, if he chooses right, his expected payoff will be higher:

if he chooses left, his expected payoff = 4 +6 = 10
if he chooses right, his expected payoff = 6 + 7 = 13

The only possible Nash equilibrium exists if both Rosa and Nick choose right, so that their strategies are the same, resulting in Rosa earning 6 and Nick 7.

8 0

3 years ago

Both the agent and seller just signed the listing agreement. What must the licensee give to the seller now?

maw [93]

Answer:

Working with real estate agent brochure and agreement form.

6 0

3 years ago

Indicate the effect of each transaction during the month of October 20Y8 and the balances for the accounting equation after all

Leona [35]

Answer:

For better visualization, the answer is presented in a table

$\left[\begin{array}{ccccc}&Assets&=&Liabilities +&Equity\\1&45,000&=&&45,000\\2&-2,000&=&&-2,000\\Bal.&43,000&=&0&43,000\\3&5,000&=&&5,000\\Bal.&48,000&=&0&48,000\\4&&=&&\\Bal.&48,000&=&0&48,000\\5&20,000&=&20,000&\\Bal.&68,000&=&20,000&48,000\\6&-1,000&=&&-1,000\\Bal.&67,000&=&20,000&47,000\\7&8,000&=&&8,000\\Bal.&75,000&=&20,000&55,000\\8&-3,000&=&&-3,000\\Bal.&72,000&=&20,000&52,000\\9&-100&=&&-100\\Bal.&71,900&=&20,000&51,900\\\end{array}\right]$

Procedure details described below:

Explanation:

Opened a business bank account for Jones, Inc., with an initial deposit of $45,000 in exchange for common stock.

The cash is an asset for the company And Jones Is the Owner thus, asset and equity increase by 45,000

Paid rent on the office building for the month, $2,000.

The rent is an expense is an incurred cost to continue the operations of the business It decreases the equity and asset (cash used to pay the rent)

Received cash for fees earned of $5,000.

The fees are revenue from the business operations this is a realized gain, therefore, increases equity. Also, Assets increase as cash is an asset.

Purchased equipment, $7,000.

There is no change in the quantities but, the composition of the asset did change. Cash decrease while equipment increase.

Borrowed $20,000 by issuing a note payable.

The note payable is a future obligation to pay. It is a liability for the company assumed in exchange for an asset (cash)

Paid salaries for the month, $1,000.

Like rent, this is an incurred cost(expense) It decreases Equity also, assets as we use cash to pay it.

Received cash for fees earned of $8,000.

Exactly like the previous time, a realized gain generates an increase in equity and assets.

Paid dividends, $3,000.

The dividends are paid to the company's owners thus, the cash leaves the company into the owner's pocket. Both, assets and equity decrease (as there are fewer assets available for the owners to take)

Paid interest on the note, $100.

The interest also is an incurred cost thus, like salaries and rent expense we decrease equity and assets.

3 0

2 years ago