Both firms have market power.
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<h3><u>How Do Oligopolies Work?</u></h3>
An oligopoly is a market structure comprising a few enterprises, none of which can prevent the others from having a sizable impact. The concentration ratio calculates the largest companies' percentage of the market. A market with a monopoly has just one producer, a duopoly has two businesses, and an oligopoly has three or more businesses. The maximum number of firms in an oligopoly is unknown, but it must be low enough such that each firm's activities have a major impact on the others.
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Answer:
Suppose that the number of students with an allergy to pencil erasers increases, causing more students to switch from pencils to pens in school.
- This will shift the demand curve to the right, increasing the total demand at all price levels.
Moreover, the price of ink, an important input in pen production, has increased considerably.
- This will shift the supply curve to the left, increasing the price of pens at every demand level.
What is sure is that the price of pens will increase. It is likely that the quantity demanded increases, but the extent by which the quantity demanded will increase is unknown.
Answer:
The correct answer is Investors and creditors will no longer provide financial support to companies if they believe their financial information practices are unethical.
Explanation:
Ethics in the financial sector is one of the most discussed topics in recent years after the lack of morality in the performance of financial intermediaries. As a result, the opinion is increasing that the causes of potential losses and the generation of economic and financial crisis are the result of the failures of the moral virtues of financial institutions such as banks, hedge funds, supervisory and regulatory bodies, governments, rating agencies and central banks. Therefore, we seek to emphasize the relevance of the ethical issue in decision making, since everything is based on the choice of one or another option that can improve or affect social welfare. Financial ethics makes sense to promote professional and responsible behavior through a corporate culture that translates into an extended and effective practice of the moral values assumed by the company. Similarly, ethics can have various functional approaches such as professional development as an entity, in corporate governance through Corporate Social Responsibility and a new system such as Ethical Banking.
Answer:
B) service industry.
Explanation:
Service industry usually provide intangible products.
I hope my answer helps you
Answer:
a. Cash basis - Service revenue is $900
b. Accrual basis - Service revenue is $2,100 (which is $1200 + $900)
Explanation:
In accounting, there are 2 basis for recognizing transactions; these are cash basis and accrual basis.
In cash basis, sales and expenses are not recorded unless cash has been collected and paid respectively. In the accrual basis of accounting, expenses and sales are recorded when incurred and earned respectively.
Revenue earned under the accrual basis would therefore include the revenue for which cash has been collected and those for which cash is yet to be collected.
