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Wittaler [7]
3 years ago
13

In​ _______, there are generally only a few large suppliers or sellers of a product or service.

Business
1 answer:
Troyanec [42]3 years ago
8 0
There are four types of market structures namely; perfect competition, monopoly, monopolistic competition and oligopoly. Perfect competition is where large number of small firms  compete with each other with a homogeneous product. In a monopoly market there is only one producer of a given product who determines the price of the product. In monopolistic competition the market combines the aspect of monopoly and perfect competition. In this case, In Oligopoly there are a few suppliers or sellers of a particular product.
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If a cheese factory was interested in estimating the market potential for a new light cheese and estimated the potential by mult
marysya [2.9K]

Answer:

True

Explanation:

Generally, a chain-ratio method is a method of estimating the total amount of money to be spent on a particular business in order to achieve marketing targets. Based on the forecast of the factory and the decision to venture into the production of a new cheese product, the chain-ratio method is the best method for the estimation.

7 0
4 years ago
Suppose you deposit ​$2,200 cash into your checking account. By how much will the total money supply increase as a result when t
zhannawk [14.2K]

Answer:

The money supply increases by $3300.

Explanation:

Money multiplier = 1/reserve ratio

= 1/0.4

= 2.5

the change in the money supply = deposit *multiplier -deposit

= $2,200*2.5 - $2,200  

= $3300

Therefore, The money supply increases by $3300.

6 0
3 years ago
True or False: Caffeine and other energy boosters can be used to effectively compensate for fatigue.
seropon [69]
True caffeine and other energy boosters can be used to effectively compensate for fatigue.
8 0
3 years ago
Read 2 more answers
n 2015, Caterpillar Inc. had about 730 million shares outstanding. Their book value was $30.0 per share, and the market price wa
Alika [10]

Answer:

The book debt-to-value ratio is 0.57

Explanation:

The computation of the book debt-to-value ratio is shown below:

Book debt-to-value ratio = (Book value) ÷ (book value of debt)

where,

Book value is $30.0 per share

Book value of debt = Outstanding shares × book value + long term debt

= 0.730 × $30 + $30.50

= $21.90 + $30.50

= $52.40

Now put these values to the above formula  

So, the value would equal to

=  $30.00  ÷ $52.40

= 0.57

8 0
3 years ago
Evaluate the set of events below. Determine how the events will impact their respective markets. a. In examining the market for
k0ka [10]

Answer:

One thing to clear ab initio is that equilibrium quantity and price are achieved when the demand and supply curves intersect at a point.  Therefore, at equilibrium, the demand and supply in quantity are equal.

a) If a technological improvement reduces the cost of product, the equilibrium price will reduce and equilibrium quantity will be equal to the quantity demanded and supplied.

b) If there is a reduction in the number of sellers, the equilibrium price will increase and the equilibrium quantity will be equal to the quantity demanded and supplied.

c) If there is a tax levied on the sellers of apps, the equilibrium price will increase and the equilibrium quantity will be equal to the quantity demanded and supplied.

Explanation:

a) The market is in equilibrium when the supply and demand curves intersect, meaning that the quantity demanded and quantity supplied are equal.  The price and quantity at which this intersection occurs are called the equilibrium price and equilibrium quantity respectively.   In economics,  when quantity supplied equals quantity demanded, an equilibrium situation is achieved, and it is represented by this equation: Qs = Qd; where Qs is quantity supplied and Qd is quantity demanded.

b) Equilibrium price reduces when there is a cost reduction and more supplies are pushed to the market to meet demand.

c) When suppliers leave the market, it means that the market price and demand are no longer attractive and beyond their individual influence.  This leads to a reduction in quantity supplied overall.

d) Sales tax increases the price of goods and services, and equilibrium will be achieved when there consumers demand the product with increased price and sellers are willing to produce and sell at such a price.

5 0
3 years ago
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