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BartSMP [9]
3 years ago
8

Explain why the supermarket industry is an oligopoly

Business
1 answer:
Misha Larkins [42]3 years ago
4 0

Answer and explanation:

An oligopoly is when the market is controlled by a small group of two or more companies. Oligopoly firms may consent to market collusion, and build obstacles to new trade entry. If the businesses do not, they will be forced to lower their prices and open the markets to new and smaller firms.

<em>Supermarkets are oligopolies because in every market there are a few companies offering the same products just like them with small differentiation between one and another, providing those goods to relatively similar prices. </em>

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The supply chain manager also supervises the various channels of supply of a company's product.

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3 years ago
One thing that a college might look at when considering accepting a new student is:
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Answer:
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West Company estimates that overhead costs for the next year will be $3,800,000 for indirect labor and $970,000 for factory util
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The rate will therefore be;

= Total Overhead / Machine hours

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3 years ago
The Box Manufacturing Division of the Allied Paper Company reported the following results from the past year. Shareholders requi
Galina-37 [17]

Answer:

Return n investment = 11.67%

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Return n investment = (Net income÷ Operating assets) × 100

Return n investment = (175,000   ÷ 1,500,000) × 100= 11.67%

Return n investment = 11.67%

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Which statement best describes the difference between a market and traditional economy
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