The answer to your question is "Oligopolies."
An oligopoly is a market form where a market is controlled by a few large sellers or businesses. The type of market is going to effect the price in one of two ways. The first possibility is that the few businesses will work together, or collude, in order to establish higher than normal prices. The second possibility is that there will be fierce competition between the few sellers, which will result in a high level of competition and lower prices.
Answer: Overconfidence
Explanation:
According to the given question, the given stockbroker belief best illustrating about the overconfidence as stockbroker believes that their expertise in the business administration will enable for selecting the various types of stocks in the market.
The overconfidence is one of the phenomenon in which the person can misjudging their own abilities and the knowledge on the basis of the given circumstances.
That is why the stockbroker of an organization are misjudging their own stock related abilities and expertise. Therefore, Overconfidence is the correct answer.
Answer: Changing consumer preference
Explanation:
For every organization, the consumers are key since they are the one to purchase the goods and services rendered.
Anticipating the needs of the customers is as important for an organization. Knowing and understanding the preferences of consumers before they purchase a product allows a firm to create a stronger experience.
The market research conducted by XYZ Inc. has shown that consumers preferences have changed. There is a change of taste as they want to try out something different.
Answer:
will increase
Explanation:
Since both products are complements, a decrease in the price of one of them (in this case jelly) will increase the quantity demanded of both products, including the one whose price didn't change (peanut butter). An increase in the quantity demanded should increase the equilibrium price of peanut butter, which would result in an increase of supplier surplus.