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:
40 pounds would be the average inventory
Explanation:
Total Order quantity= 80 pounds
Average inventory level = Order quantity / 2
= 80 pounds / 2
= 40 pounds
Hence, 40 pounds would be the average inventory
Answer:
The basic difference between both are explained below.
Explanation:
Explicit collusion is where firms meet and agree to charge the same price, and an example of implicit collusion is price leadership. Unlike explicit collusion, implicit collusion unlike explicit collusion, implicit collusion is where firms signal to each other without actually meeting and agreeing to charge the same price.
Unlike explicit collusion, wherever the occurrence of an accommodation that would lend ammunition for an antitrust court case might be unscrewed, implied collusion is challenging to document as well as to verify. Implicit collusion frequently seems to be nothing more than all firms individually responding to shifting market circumstances.
The prices of both peanut butter and almond butter are rising because of the demand and supply forces.
<h3>What is Demand and supply?</h3>
Demand and supply forces are the deriving forces of the market which influence the prices of the commodities. Demand refers to the willingness and ability to purchase the commodity.
Supply refers to the availability of the product and services in the market that to as per the requirement in the market. Thus both the terms are interrelated and interconnected to each other.
As per the above situation, the rise in the demand of the peanut butter is due the loss of the crop due to fungus with created shortage in the supply of the peanut in the market.
Thus people shifted to its substitute almond butter which rises the demand of the almond butter as well.
Therefore it increased the prices of the both the kinds of the butter available in the market.
Learn more about Demand and supply here:
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Answer:
The correct answer is letter "C": Work experience.
Explanation:
People's work experience allows them to obtain knowledge in the fields they developed their careers in. There are many cases in which individuals start working n large entities to have an idea of how certain business is handled to then start their own companies confident that the knowledge acquired will be enough to run the organization.
In John's case, <em>thanks to the complaints he heard while he was acquiring work experience in a tractor manufacturing company, he was able to open his own business to resolve the common issues he was already aware of.</em>
