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
Mazyrski [523]
3 years ago
5

Three large firms dominate the telecommunication industry of United Canava: AD Telecom Inc., Mystic Telecom Corp., and Total Tal

k Inc. Instead of cutting prices competitively, these firms have resorted to non-price competition through branding and product differentiation. Which of the following industry competitive structures are these companies most likely in?
a. monopoly
b. perfect competition
c. monopolistic competition
d. oligopoly
Business
1 answer:
Nadusha1986 [10]3 years ago
7 0

Answer:

d. oligopoly

Explanation:

An oligopoly is a market structure with very few suppliers that dominated a large market. The few firms sell a homogeneous or differentiated product. Due to their few numbers, each firm can set its price. Oligopolies are characterized by heavy advertising. The firm usually collaborates to attain maximum benefits from the markets. Other characteristics of an oligopoly.

  1. Barriers to entry: Other firms may find it hard to enter the market due to market domination by the existing firms and high start-up costs.
  2. Interdependence of firms
  3. Non- price competition
  4. A large number of consumers
You might be interested in
A potato chip manufacturer purchases a potato farm. Which of the following regarding its strategy is true? The manufacturer has
astra-53 [7]

Question:

A potato chip manufacturer purchases a potato farm. Which of the following regarding its strategy is true?

A. The manufacturer has effectively used vertical integration to increase its bargaining position and reduce transaction costs.

B. The manufacturer has enhanced utilisation by allowing depreciation and other fixed costs to be spread over a larger unit volume.

C. The manufacturer has sacrificed quality by using a lower-cost input.

D. The manufacturer has efficiently capitalised on the experience and learning-curve effects within the company.

E. The manufacturer has effectively reduced its operating costs by outsourcing its activities.

Answer:

A. the Manufacturer has effectively used vertical integration to increase it's bargaining position and reduce transaction costs.

Explanation:

Vertical integration is a business strategy whereby a business acquires ownership or controls its suppliers, distributors, or retail locations to control its value or supply chain.

It may also be said that vertical integration has to do with the purchase of a part of all of the production or sales process that was previously outsourced, to have it done in-house.

An example of companies who have done this are:

1. Apple

2. Netflix

3. Comcast (Which acquired NBC)

Businesses can integrate by

  • purchasing their suppliers to reduce the costs of manufacturing or
  • controlling the distribution process that is, owning and controlling the warehousing and delivery of their products etc.

6 0
3 years ago
Read 2 more answers
If a country's GDP is $10 billion and its population is 250,000, what is<br> its per capita GDP?
ruslelena [56]

Answer:

4000

Explanation:

7 0
3 years ago
Which one of the following is an example of panel data set?
djverab [1.8K]

Answer:

is answer b  

Explanation:

6 0
3 years ago
The theory of comparative advantage states that there are gains from trade if countries specialize and optimize their opportunit
Margarita [4]
In simpler terms, the theory of comparative advantage refers to the possibility of one given economic actor to produce the same good which is of the same size and quality. This becomes a force behind trade because there are specific materials that are found in specific area in the Philippines only.

Doing trading is I think  is better than being self-sufficient .
7 0
3 years ago
A(n)_____a0 is a misunderstanding; a mistaken thought or idea.
lara31 [8.8K]

Answer: misconception

Explanation:

A misconception is simply a misunderstanding, a mistaken thought or idea. Misconception is an opinion or a view by s person which is incorrect based on the faulty thinking of the person.

For example, Jane will finish high school the following year and therefore, won't need to further her education. This is an example of misconception.

5 0
3 years ago
Other questions:
  • Why are batteries not included in toys?
    7·1 answer
  • At what point does buying in bulk stop being a wise spending choice
    9·2 answers
  • The management at a shoe factory planned to terminate production due to labor issues that were consuming most of the profits. fo
    15·1 answer
  • The Lakeside Inn had operating cash flow of $48,450. Depreciation was $6,700 and 15) interest paid was $2,480. A net total of $2
    5·1 answer
  • You and your neighbor Diane have agreed to be partners in CreatePlace Site Design, a website design business for small businesse
    10·1 answer
  • To find the annual rate of return on any given stock, add the stock's dividend for the year plus the change in the stock's price
    11·1 answer
  • Florida state saving bond can be converted to $1000 at maturity date of five year from purchase if the state bond are to be comp
    8·1 answer
  • In a case where two projects are not mutually exclusive and have returns exceeding the cost of capital, the firm should
    8·1 answer
  • A __________ card is issued by a credit union or bank and allows the user to purchase goods and services by electronically deduc
    14·1 answer
  • A person decides to buy a book to read rather than buying a movie ticket. The movie ticket that the person has given up, is know
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!