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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.

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Answer:

A) An increase in sales revenue received by the firm.

Explanation:

If worker productivity increases, the total output produced by the company will increase while the average cost per unit produced will decrease. This should result in a rightward shift of the supply curve that decreases the product's price at every level of quantity demanded. Since the demand is elastic, a small decrease in price will result in a larger increase in quantity demanded.

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What is the process of moving agricultural products from the source of production to the end consumer?
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A company works on three jobs and incurs the following: Direct materials - $50,000 and Direct labor - $100,000. The company uses
Sveta_85 [38]

Answer:

$60,000

Explanation:

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Setting standards, measuring performance, and comparing performance to standards are the:_____.
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Setting standards, measuring performance, and comparing performance to standards are the parts of controlling.

Control is a management function that aids in error detection and the implementation of corrective measures. This is done to reduce departure from standards and make that the organization's stated goals are met in the desired way.

Controlling is a management function that aids in obtaining desired results from employees at all organizational levels, including managers and subordinates. The managing function aids in tracking advancement toward corporate objectives, identifies deviations, and suggests necessary remedial action.

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