A monopoly and an oligopoly are economic market structures where there is imperfect competition in the market. A monopoly market contains a single firm that produces goods with no close substitute, with significant barriers to entry of other firms. An oligopoly market has a small number of relatively large firms that produce similar but slightly different products. Again, there are significant barriers to entry for other enterprises.
The geographical size of the market can determine whether there is an oligopoly or a monopoly. A firm may dominate an industry in a particular area where there are no alternatives to the same product but have two or three similar companies operating nationwide. Thus, the firm may be a monopoly in a region but operate in an oligopoly market in a larger geographical area.
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Answer:
The correct answer is A. increased.
Explanation:
The equilibrium salary is the point of intersection between the labor supply curve and the labor demand.
At Wo, the number of hours offered by job offers is exactly equal to the number of hours companies wish to use. The Wo salary and the level of employment Qo is the only continuation of salary and employment with which the market empties.
If the salary were Wes there would be an excess supply or surplus of work which would lower the salary the salary to Wo: if the salary were Wed there would be an excess or shortage of demand and the salary would be raised to Wo, this means that having excess companies need to hire workers originating a salary increase to Wo. The inverse would be the point where the surplus of job supply causes wages to fall Wo.
Answer:
PMT x {[(1 + r)^n – 1]/r}
Explanation:
The formula for calculation the future value of an ordinary annuity is given as :
PMT x {[(1 + r)^n – 1]/r} ;
Where ;
PMT = Payment amount ; r = discount rate
n = number of payments
For ordinary annuity, payment are made at the end of each period as opposed payment made at the beginning of the period for annuity due.
Answer:
advanced education
Explanation:
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