1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
S_A_V [24]
3 years ago
11

In markets characterized by oligopoly,

Business
1 answer:
Tju [1.3M]3 years ago
4 0

Answer:

d. the oligopolists earn the highest profit when they cooperate and behave like a monopolist.

Explanation:

An oligopoly is when there are few large firms operating in an industry.

When oligopoly firms come together and agree to set a price, they are known as cartels and are acting as a monopoly. Firms in a cartel earn the highest profit because they act as a monopoly compared to when they aren't in a cartel and each firm sets their own prices to maximise profit. In a case where firms in an oligopoly do not form a cartel, they engage in price wars and other forms of competition which might make firms earn lower profits compared to when they are in a cartel.

Collusive agreements aren't always binding. Firms might have incentives to cheat on the agreement if the payoff from cheating is higher than not cheating.

I hope my answer helps you.

You might be interested in
Stefan Ceramics is in the business of selling ceramic vases. It has two departments - molding and finishing. Molding department
lakkis [162]

Answer:

Explanation:

The journal entry is shown below:

Work in Process-Molding A/c Dr $3,000

     To Accounts Payable Control               $3,000

(Being the purchase and used production is recorded)

The computation of the purchase amount is shown below:

= Number of kgs purchased × price per kg

= 500 kgs × $60

= $3,000

The other information which is given is not considered. Thus, ignored it

6 0
3 years ago
What is the third primary decision when it comes to making financial decisions (along with spending and saving)?
Kaylis [27]
Setting your priorities could be a primary third desicion when it comes to making financial decisions.
8 0
3 years ago
X Company must replace one of its current machines with either Machine A or Machine B. The useful life of both machines is seven
Anastaziya [24]

Answer: 0 years

Explanation:

The payback period calculates the amount of time taken to recoup the initial investment made in a project or in the purchase of a machine or building. It calculates how long the cumulative cash flow generated from a project equals the cost of the project.

The payback period for both machines are zero years because the cumulative cash flow is less than the cost of the machine.

For machine A - cumulative cash flow- $-47,000 is less than -$71,000

For machine B - cumulative cash flow, -$7,000 is less than -$52,000

Explanations on how the figures were derived is found in the attached tables.

7 0
3 years ago
Malcolm has been researching reports generated by government agencies and the local chamber of commerce. What kind of research i
Over [174]

Answer: Tertiary

Explanation:

This is a research on an already concluded research hypothesis, either using the opinion as a raw data for another research work or to validate the truth or false of the already concluded research work.

5 0
3 years ago
When using the spreadsheet (work sheet) for the statement of cash flows, under the indirect method, entries made on the spreadsh
Setler79 [48]

Answer:

Option d: Not recorded in the journal or posted to the ledger

Explanation:

The indirect method of statement of cash flows presentation initially starts with net income or loss and there is always anadditions to or deductions from that amount for the items which are a non-cash revenue and expense items. This usually leads to a cash flow that emanated from operating activities.The method as used for the preparation of the statement of cash flows also can be said to entails detailed analysis of net income along withchanges in balance sheet accounts thereby leading to the amount of cash gotten by operating activities.

6 0
3 years ago
Other questions:
  • Consumer _____ refers to the personal, social, and economic significance of a purchase. Group of answer choices acculturative re
    11·1 answer
  • When comparing two distributions, it would be best to use relative frequency histograms rather then frequency histograms when?
    11·1 answer
  • The growth of the drug industry in canada represents which shift in organized crime? why is this important
    13·1 answer
  • Once a business owner proves that a franchise is successful, his or her franchise will automatically be renewed True or False?
    6·2 answers
  • Suppose that the Dallas School District wants to achieve Six Sigma quality levels of performance in delivering students to schoo
    11·1 answer
  • Lowering the price from $ 3.50 to $ 2.25 results in an output effect of ​$ nothing and a price effect of ​$ nothing. ​(Enter you
    12·2 answers
  • Service companies and notminusforminusprofit organizations​ ________. A. can use CVP by focusing on measuring the​ organization'
    6·2 answers
  • The present value of a single sum is: Select one: A. The amount that would be paid today to receive a single amount at a specifi
    10·1 answer
  • Imagine if Metallica had it’s music on iTunes (where customers have to pay for downloads). In a 48 hour period, how much money d
    10·1 answer
  • O False
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!