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Montano1993 [528]
4 years ago
11

Under which market structure, does a firm have the most influence over product pricing?

Business
1 answer:
Crank4 years ago
3 0
The answer  will be monopolistic competition
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A flower distributor asked the Fresh Farms sales representative if the company had any red roses in stock. The sales representat
Fynjy0 [20]

Answer:

The correct answer is KISS Rule.

Explanation:

The KISS principle states that most systems work better if they remain simple than if they become complex; Therefore, simplicity should be maintained as a key design objective, and any unnecessary complexity should be avoided.

This principle is registered for the first time in the United States Navy in 1960, and is mainly attributed to Kelly Johnson, chief engineer at Lockheed Skunk Works.

According to FOLDOC, the online dictionary of the Imperial College Department of Computing, possibly has its origin in marketing and sales presentations, to be used later in the development of systems, especially to avoid that the successive developments in the designs are complicated.

5 0
3 years ago
Although the use of DDT was banned in the United States in 1972, a test of the body tissue of an average United States resident
san4es73 [151]

Answer:

DDT is the breakdown product of some newer pesticides on the market

Explanation:

.

8 0
3 years ago
Suppose the economy is producing at the natural rate of output. An increase in consumer and business confidence will cause _____
Leokris [45]

Answer:

d) no change; a decrease

Explanation:

The Real GDP (gross domestic product) is a macroeconomic term which is the measurement of the value of services and goods produced by economy in a certain or specific time period compared to normal GDP.  The influencer elements of Real GDP are very miscellaneous due to long run and short run periods. Then, the determinants which impact on the long run growth of an economy are:

1) Growth of productivity that means the ratio of economic outputs to inputs

2)Demographic changed that means the change of quantity or quality of employment, age structure and etc.

3)Labor Force participation which means that which amount participation there is in labor activities.

As seen above, the consumer and business confidence will not have any positive or negative effect on the real GDP.

Inflation is one of the most important macroeconomic indicator that intends the rate how the purchase power of the money is falling  by the rising on the price levels of goods and services. In long run, the most influencing element for inflation is the rate of money supply but if we consider business and consumer confidence are the positive things for the developing of GDP, then they will have a little bit decrease effect on inflation.

8 0
3 years ago
Which of the following statements is true?
Rzqust [24]

Answer:

The correct answer is option c.

Explanation:

An oligopoly market is a form of imperfect competition where there are a few firms. These firms can produce identical or differentiated products. Because of a few firms in the market, there is a high degree of competition in the market.  

These firms are interdependent such that the economic decisions of a firm affect its rivals. So each firm has to consider the reaction of its rivals before making decisions.

The firms are price makers and face a downward-sloping demand curve.

6 0
3 years ago
An order for 50 units of product a and 60 of b has been placed. there are currently 25 units of product b on hand. each a requir
love history [14]

To determine the net requirement for c, we determine first the number of c’s that are required for the production of a and b given that there are already 25 units of b available.

 

<span>   Number of c needed = (50 units of a)(2 c/unit of a) + (60 – 25 units of b)(5 c/unit of b)</span>

<span>      Number of c needed = 275 c’s</span>

 

There are currently 160 units of c; hence,

 

<span>   Net requirement for c = 275 c – 160 c</span>

<span>    Net requirement for c = 115</span>

 

<span>Answer: 115</span>

5 0
3 years ago
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