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Finger [1]
3 years ago
9

Which of the following statements is true?

Business
1 answer:
Rzqust [24]3 years ago
6 0

Answer:

The correct answer is option c.

Explanation:

An oligopoly market is a form of imperfect competition where there are a few firms. These firms can produce identical or differentiated products. Because of a few firms in the market, there is a high degree of competition in the market.  

These firms are interdependent such that the economic decisions of a firm affect its rivals. So each firm has to consider the reaction of its rivals before making decisions.

The firms are price makers and face a downward-sloping demand curve.

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In long-run equilibrium:
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Which of the following actions can be considered good business etiquette?
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Pharoah Industries collected $106,000 from customers in 2019. Of the amount collected, $24,200 was for services performed in 201
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A. $33,200

B. $35,000

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A. Computation for 2018 cash-basis net income

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