In the economic term oligopoly, olig means few. So in an oligopoly, the market or industry is run by a small number of large sellers. When there are a few number of sellers, they have a large influence over their customers and the economy.
The answer to this statement is True goods and services can be easily balanced and purchased at certain prices and if needed the prices will increase
Answer: Logistics
Explanation: Logistics refers to the group of complex operation that are to be performed within an organisation by different individuals under the guidance of various different experts of such tasks. These operations are dependent on each other for their effective performance.
Thus, we can conclude that the combination of Rinker's manufacturing, distribution and purchasing activities will collectively be called as logistics.
Answer: Option D
Explanation: In simple words, short run refers to the time frame in which all the factors of production are fixed while in the long run all of them are variable.
This happens due to the fact that in the short run if the company goes for changing the level of inputs than the opportunity that were availing in that time period will be gone by then leading to losses as the total time frame is very less in short run.
On the other hand, firms tends to have greater life in the market and keeps developing themselves with the changing forces of market.
Answer:
c. 6%.
Explanation:
Nominal interest rate = Real interest rate + Expected rate of inflation
Real interest rate = Nominal interest rate - Expected rate of inflation
United Kingdom
Real interest rate = 8% - 6% = 2%
Use Real Interest rate globally
Nominal interest rate = Real interest rate + Expected rate of inflation
Nominal interest rate = 2% + 4% = 6%
