Answer:
The profits for firma A and B will decrease.
Step-by-step explanation:
Oligopoly by definition "is a market structure with a small number of firms, none of which can keep the others from having significant influence. The concentration ratio measures the market share of the largest firms".
If the costs remain the same for both companies and both firms decrease the prices then we will have a decrease of profits, we can see this on the figure attached.
We have an equilibrium price (let's assume X) and when we decrease a price and we have the same level of output the area below the curve would be lower and then we will have less profits for both companies.
Three out of the eight are cranberry therefore three divided by eight is .375 when rounded it is .38 so it is 38% cranberry.
You start with 24, there are 8 added, there are 12 taken away, then 9 are taken away. The equation looks like:
24 + 8 - 12 - 9 = <u>11</u>
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MArishka [77]
Answer:
d
Step-by-step explanation:
Answer:
5 times
Step-by-step explanation: