The map shows the location of the airport and a warehouse in a city. Though not displayed on the map, there is also a factory 10
4 miles due north of the warehouse.
A truck traveled from the warehouse to the airport and then to the factory. What is the total number of miles the truck traveled?
130
169
201
208
A truck traveled from the warehouse to the airport and then to the factory. What is the total number of miles the truck traveled?
130
169
201
208
2 answers:
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Answer:
The profits for firma A and B will decrease.
Step-by-step explanation:
Oligopoly by definition "is a market structure with a small number of firms, none of which can keep the others from having significant influence. The concentration ratio measures the market share of the largest firms".
If the costs remain the same for both companies and both firms decrease the prices then we will have a decrease of profits, we can see this on the figure attached.
We have an equilibrium price (let's assume X) and when we decrease a price and we have the same level of output the area below the curve would be lower and then we will have less profits for both companies.
