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Pavlova-9 [17]
3 years ago
6

34. Which of the following statements is correct? a. If oligopolists successfully collude, then their combined output will be eq

ual to the output that would be observed if the market were a monopoly. b. Although the logic of self-interest decreases a oligpoly’s price below the monopoly price, it does not push the duopolists to reach the competitive price. c. Although the logic of self-interest increases a oligopoly’s level of output above the monopoly level, it does not push the oligopolists to reach the competitive level. d. All of the above are correct.
Business
1 answer:
grandymaker [24]3 years ago
5 0

Answer:

The correct answer is option d.

Explanation:

If oligopolists are able to collude successfully, they will be able to fix price and output similar to a monopoly.

In order to maximize profits, the oligopoly firms keep their prices higher than a perfectly competitive firm but lower than monopoly. The output level is kept higher than a monopoly firm but lower than a perfectly competitive firm.

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Answer:

b. it required too much self-sacrifice on the part of industry, labor, and the public.

Explanation:

Franklin Delano Roosevelt was an American politician and statesman who was elected as the 32nd President of the United States of America in 1933. He was born on the 30th of January, 1882 in Hyde Park, New York, United States of America.

The National Recovery Administration (NRA) was an agency of the federal government of the United States of America, which was established in 1933 by President Franklin Delano Roosevelt.

The main purpose of the National Recovery Administration (NRA) was to stimulate, enhance or facilitate business recovery, promote compliance and reduce unemployment significantly

However, the National Recovery Administration (NRA) failed largely because it required too much self-sacrifice on the part of industry, labor, and the public.

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3 years ago
Joshua is a marketing manager of a local retail home improvement store. He studies his customer profiles, market research data,
uranmaximum [27]

Answer:

Customer Perceptions of value

Explanation:

The customer perception of value is also acknowledged as the value in marketing, it is described as the difference among the prospective of the customer evaluation or computation of the costs as well as the benefits of one product or service in comparison with others.

So, in this case, he studies the profile of customer, complaints and market research data in order to understand the customers want. Therefore, he is most likely to operate in the customer perception of value era of the marketing.

3 0
4 years ago
Is andre de Ruyter able to make informed decisions
cluponka [151]

As Andre Marinus de Ruyter is one of the directors of the public utility company, he will be able to make informed decisions for business process.

<h3>Who is Andre Marinus de Ruyter?</h3>

He is Chief Executive Officer & Director at the Eskom Holdings SOC Ltd which is a South African electricity public utility that was initially established in 1923 as the Electricity Supply Commission.

In an organization, an informed decisions refers to the gathering of facts and information that may be relevant to the decision making or the interpreting of that information through critical analysis.

Mostly in a publicly traded company, the people that choose to buy stock in the company become shareholders and gain partial ownership of the company. These shareholders collectively elect executive board members who make high-level decisions about the direction of the company.

Therefore, as Andre Marinus de Ruyter is one of the directors of the public utility company, he will be able to make informed decisions for business process.

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2 years ago
What did early south American civilization do to promote farming
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They invented the plow
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b. draw the following four graphs with an economy experiencing an inflationary gap: money market, investment demand, aggregate d
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The central bank decreases the money supply. The relationship between the unemployment rate and the rate of inflation is one of the key concepts in economics, and the short run Phillips curve illustrates this relationship.

The relationship between this shift in the aggregate demand curve in the short run and the emergence of unemployment and inflation is shown by the curve. Additionally, it displays the short-term shift in the economy's aggregate supply curve.When the economy shifts from its short-run equilibrium to its long-run equilibrium.

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