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Maksim231197 [3]
3 years ago
13

In an Oligopoly industry a change in price by one firm will _____ impact the other firms in the industry.

Business
1 answer:
FrozenT [24]3 years ago
3 0

Answer:

The answer is significantly.

Explanation:

Oligopoly is a market situation in which there are few sellers, selling similar goods and services and many buyers. The barriers to entry in this market in high. Example of a oligopoly market is OPEC.

The competition amongst the few sellers is high because they are selling the same thing and a change in price by one firm will significantly affect other firms in the industry. For example, if a firm reduces the price of its goods, this creates a price war and other firms to start reducing their price to match the lower price. And if another firm increases its price, consumers will switch to competitors

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As of January 1 of the current year, Kane owned all the 100 issued shares of Manning Corp., a calendar
aliina [53]

Answer:

A) $56,750

Explanation:

Since Manning's ownership changed during the year, it must allocate income differently for the first 40 days than the remaining 325.

Kane should report the following income:

  • 100% income form Manning x 40/365 = $73,000 x 40/365 = $8,000
  • 75% income from Manning x 325/365 = $73,000 x 75% x 325/365 = $48,750
  • total income allocated to Kane = $8,000 + $48,750 = $56,750
5 0
3 years ago
Trina applied for a new credit card with an introductory APR offer of 7.99% or 8.99%. What will most likely happen in the second
nadya68 [22]

Answer:

The APR will increase quite substantially

Explanation:

6 0
3 years ago
Summer Dean was walking through the mall and found a gym bag lying on the ground. The decision Dean must make as to whether to k
suter [353]

Answer:

Ethics

Explanation:

Ethics also called moral philosophy involves how an individual systemises, defends and recommends the concept of right or wrong.

Summer is facing an ethical decision of either returning the bag or keeping it for herself. Her decision will be based on her definition of right or wrong.

If her moral philosophy is one that does not see theft as something that is wrong, she will decide to keep the bag. If on the other hand she sees keeping the bag that is not her own as wrong she will decide to return it.

6 0
3 years ago
Coat's product manager continues to perform well in the market. However, a competing product is coming on strong and is looking
VLD [36.1K]

Increase the promotion budget to gain greater awareness

Explanation:

  • Coat's manager continues to perform well in the market competing product as strong and is looking to take over the market share leader in segment.
  • The coat product manger in order to improve the buying criteria, and thus potentially increase demand the best product manager should purchased.
  • Marketing and promoting  is a strategy in which one can communicate the customers and target prospective customers to buy the products.
  • Thus increasing the demand of the product and thereby increase the promotion budget and gain greater awareness.
6 0
3 years ago
Which demographic group has the lowest level of representation as a judge in the federal courts?
uysha [10]
<span>The most recent study was done on June 1, 2017, and all information is from that date. There are 673 US District court judgeships and four territorial ones. At the time of this study, there were 160 active circuit court judges and 19 vacant positions, while there were 570 district court judges and a whopping 103 vacant positions. There are 59 female circuit court judges, 37%. Men, therefore, are in 63% of positions. Intesretingly, this number has actually improved, with only one woman serving in 1977. Disregarding race, 75% of circuit court judges are white, 13% African American, 9% Hispanic, and only 3% Asian American. 12 courts have African American judges, nine have Hispanic, and five have Asian American. Overall, all three percentages have risen since 1977 (with some variability), but interestingly, Asian Americans have only recently begun to rise in presence., starting in about 2010. Combining gender and race, white men make up 45.6% of all circuit court judges, while Asian American women only make up 0.6%. In all races, men overpower women in numbers by a large amount. Looking at age, the average is 64.7 years old, with over 50% over 65 and only 2% under 45. The vast majority were appointed between 45 and 54, though many came slightly before or after. It is worth noting that the first openly gay circuit court judge was Todd M. Hughes, appointed by Obama in 2013. If we are considering race, Asian Americans are the lowest represented. If we are considering gender, women are less represented. Overall in race and gender, Asian American women are least represented. Looking at age, people under 40 are underrepresented. Overall, though, the least common demographic would be open members of the LGBT+ community. As you can see, this is not a straightforward question! It is a hugely interesting topic and one I plan to explore further.</span>
5 0
3 years ago
Read 2 more answers
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