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Serhud [2]
3 years ago
7

BidBuy is the world's leading online auction company. When BidBuy was founded ten years ago it was the first online auction comp

any, and it has been the leader since it was founded. Although there are other firms in the industry, BidBuy controls over 75% of the market in the United States, and three additional firms control another 20% of the U.S. market. One of the aspects of BidBuy that keeps users from changing to other online auction companies is the large user base BidBuy has built and a feedback rating system that allows buyers and sellers to rate their satisfaction with each other following each transaction. This allows users to build a reputation for honesty and trustworthiness. Sellers with a high feedback rating tend to receive more bids on their auctions and a higher price for their goods. To help facilitate payment transfers between buyers and sellers following successful online auctions, companies such as DollarDog have been founded, and these companies have facilitated growth for BidBuy. Having attained a 75% market share in the U.S., BidBuy has begun expanding internationally, opening its own sites in some countries and purchasing incumbents in others. In its international expansion, BidBuy has allowed its individual companies to customize their offerings according to the needs and desires of the countries in which they operate and when these companies are successful, BidBuy works to transfer these successful capabilities throughout the firm.
Which of the following best describes the competition in the U.S. online auction industry?

Answers:
perfect competition

monopolistic competition

oligopoly

monopoly
Business
1 answer:
hoa [83]3 years ago
7 0

Answer:

The correct answer is C

Explanation:

Oligopoly is the form of market or an industry, which is defined as an industry or market that is dominated through a stop of the large sellers. In short, means that this market does not have large sellers in the economy.

This form of market could result from various or many forms of collusion which will help in reducing or decreasing the competition and will result in higher prices for the or buyers or consumers. They have their own structure of market.

So, in the following case, stated here, the competition in the online auction industry of US, states or describe the Oligopoly market.

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You are an international shrimp trader. A food producer in the Czech Republic offers to pay you 2.3 million Czech koruna today i
Y_Kistochka [10]

Answer:

$19,002.77

Explanation:

The computation of the value of deal is shown below:

The value of the deal = Sales revenue - purchase cost

where,

Sales revenue is

= 2,300,000 ÷ 25.49 koruna per dollar

= $90,231.46

And, the purchase cost is

= 2,800,000 ÷ 39.31 baht per​ dollar

= $71,228.69

So, the value of the deal is

= $90,231.46 - $71,228.69

= $19,002.77

hence, the value of the deal is $19,002.77

6 0
3 years ago
The climate in which jonah lives is mild all year long except during the hotter summer months. for 3 months out of the year, jon
ASHA 777 [7]
If Jonah needs to use 4 portable fans for 3 months out of the year, and the electricity used in one fan costs 1 cent per hour and each fan is used for about 96 hours per month, the total electricity cost for the fans during one year is $11.52.
3 0
3 years ago
Read 2 more answers
The value of what a Canadian-owned Tim Hortons produces in South Korea is included in the Canadian ________ and the South Korean
Illusion [34]

Answer: GNP; GDP

Explanation:

<em>The value of what a Canadian-owned Tim Hortons produces in South Korea is included in the Canadian </em><em><u>GNP </u></em><em>and the South Korean </em><em><u>GDP</u></em><em>. </em>

Gross National Product refers to the total amount of domestic production and foreign production that can be attributed to the residents of a nation.

This means that GNP includes the GDP and income earned by residents of the country in other countries but less the income earned by foreigners in the country. For Canada therefore, the value of goods produced by the Canadian company in South Korea will be added to the GNP.

Gross Domestic Product (GDP) on the other hand is simply the total final value of goods and services produced in a country regardless of if it was foreigners or residents doing the production. The value of what a Canadian-owned Tim Hortons produces in South Korea is therefore included in South Korea's GDP.

7 0
3 years ago
At the break-even point of 1000 units, variable costs are $60000, and fixed costs are $35000. How much is the selling price per
Mice21 [21]

Answer:

the selling price per unit is $95

Explanation:

The computation of the selling price per unit is shown below:

Selling price per unit is

= Total cost ÷ break even points

where,

Total cost is

= Variable cost +  fixed cost

= $60,000 + $35,000

= $95,000

And, the break even point is 1,000 units

So, the selling price per unit is

= $95,000 ÷ 1,000 units

= $95

Therefore, the selling price per unit is $95

6 0
3 years ago
Shareholders' equity is equal to: Group of answer choices total assets plus total liabilities. net fixed assets minus total liab
faust18 [17]

Shareholders' equity is equal to net fixed assets minus long-term debt plus net working capital.

Shareholders' equity refers to the amount owners of a company have invested in the said company:

  • Shareholders' equity includes the money they've directly invested and the accumulation of income that has been accrued in the name of the company as earned since the start of the investment and reinvestment.
  • It refers to the ownership of assets that may have liabilities or debts connected to them.
  • Shareholder's equity is equal to the net fixed assets of the company subtracted from the long-term debt and added to the net working capital.
  • Another way to ascertain shareholders' equity is by subtracting total assets from total liabilities.

Therefore, shareholders' equity is equal to net fixed assets minus long-term debt plus net working capital.

Learn more about shareholders' equity here: brainly.com/question/14032844

#SPJ4

3 0
2 years ago
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