Since there are only two (2) sellers in the town with many buyers, the competitive situation which Jameson's Grocery is experiencing is an oligopoly.
<h3>What is an
oligopoly?</h3>
An oligopoly can be defined as a market structure which comprises a small number of business firms (sellers) that are offering identical (similar) products to many buyers, wherein none of the sellers can limit the significant influence of others.
In this scenario, we can infer and logically deduce that the competitive situation which Jameson's Grocery is experiencing is an oligopoly because there are only two (2) sellers in the town with many buyers (1,000 students).
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Answer:
Lose the ability to cry because i dont cry that much
Step-by-step explanation:
Answer:
27
Step-by-step explanation:
216/8=27
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The answer would be none. None of the other answered make sense
Answer:
Step-by-step explanation:
<h3>
The complete exercise is: "Dan spends of his wages on rent and on food. if he makes £396 per week, how much money does he have left?"</h3>
Let be "x" the amount of money Dan has left.
You know that he spends on rent. You calcualte this amount of money by multiplying £396 by . Then:
In order to find the amount of money he spent on foord, you must multiple £396 by . Then:
Therefore, the amount of money Dan has left is: