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dusya [7]
3 years ago
6

Several firms are operating in a market where they take the other firms' response to their actions into account. This market is

Business
1 answer:
Gnesinka [82]3 years ago
8 0

Answer: An Oligopolistic market.

Explanation:

An Oligopolistic market is a market where they are very few supplies of a product and as such they charge higher prices due to the reduced competition.

In such a market the firms have to be very mindful of how their actions will impact that of their competitors because with such few competitors, they could easily lose customers if another oligopoly decides to change prices for instance.

They generally avoid doing so though because a price change by one will lead to a price change by others which would end up reducing the total amount that each firm makes as the prices will usually go downwards not up unless they collude.

You might be interested in
What does the government do with the money it collects as taxes?
Bogdan [553]

The primary source of revenue for the U.S. government in 2022 become individual earnings Taxes. revenue accumulated by the U.S. government is used to fund an expansion of goods, programs, and services to assist the yankee public and pay hobby incurred from borrowing.

Taxes are mandatory contributions levied on individuals or organizations via a government entity—whether or not nearby, regional, or country wide. Tax revenues finance authorities sports, along with public works and offerings which includes roads and faculties, or programs including Social safety and Medicare.

All residents have to pay taxes, and with the aid of doing so, make contributions their honest percentage to the fitness of the authorities and countrywide economic system. The federal taxes you pay are utilized by the authorities to put money into technology and education, and to offer goods and services for the benefit of the american people.

Learn more about government Taxes here:

brainly.com/question/28412074

#SPJ4

4 0
1 year ago
As a financial analyst, you are tasked with evaluating a capital-budgeting project. You were instructed to use the IRR method, a
ozzi

Answer:

Ke 0.08690 = 8.69%

Explanation:

<u>The capital assets price model formula(CAPM) is as follows:</u>

Ke= r_f + \beta (r_m-r_f)  

risk free       = 4% = 4/100 = 0.04

market rate = 11% = 11/100 = 0. 11

premium market: (market rate - risk free) = (0.11-0.04) = 0.07

Beta(non diversifiable risk) 0.67

Ke= 0.04 + 0.67 (0.07)  

Ke 0.08690

5 0
3 years ago
What are command groups also known as
Fiesta28 [93]
Informal groups is something command groups were also known as.
4 0
3 years ago
The County legislature approved its 2020 budget. Revenues from property taxes are estimated to be $800,000. The assessed value o
marin [14]

Answer:

The County

The property tax rate per $1,000 of net assessed value that the County must charge to collect sufficient property taxes to meet its $800,000 estimate is:

D. $26.67 for each $1,000 of net assessed value.

Explanation:

a) Data and Calculations:

Estimated Revenues from Property Taxes = $800,000

Assessed value of property in the county = $40 million

Exempted property in the county:

Homestead = $3.0 million

Veterans =        1.3 million

Old age =         0.7 million

Nonprofits =    5.0 million

Total exemptions = $10 million

Therefore, net assessed value = $30 million ($40 - 10 million)

Chargeable Rate per $1,000 = $800,000/$30,000,000 * 1,000 = $26.67

7 0
3 years ago
The relationship between quantity supplied and price is _____, and the relationship between quantity demanded and price is _____
Paha777 [63]

Answer:

Direct

Inverse

Explanation:

The options to this question wasn't provided. The full question can be found here: https://www.chegg.com/homework-help/relationship-quantity-supplied-price-relationship-quantity-d-chapter-3-problem-7mcq-solution-9780077416355-exc

The relationship between quantity supplied and price is direct because the higher the price, the higher the quantity supplied and the lower the price, the lower the quantity supplied. This results in an upward sloping supply curve.

the relationship between quantity demanded and price is inverse because the higher the price, the lower the quantity demanded and the lower the price, the higher the quantity demanded. This explains why the demand curve is downward sloping.

I hope my answer helps you

4 0
3 years ago
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