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Inessa05 [86]
3 years ago
11

An oligopoly market structure is distinguished by several characteristics, one of which is mutual interdependence. What are some

other characteristics of this market structure? Check all that apply. Either identical or differentiated products Market control by many small firms Market control by a few large firms No entry
Business
1 answer:
anyanavicka [17]3 years ago
7 0

<u>Answer</u>:

An oligopoly market structure is distinguished by several characteristics, one of which is mutual interdependence. There is some other characteristics of this market structure which is as follows:

C: Market control by a few large firms

<u>Explanation</u>:

“Oligopoly” is a market structure in which only some sellers offer similar or identical products. This means only small group of companies are dominating one specific segment of the market. In case any new company tries to enter the same segment, it is difficult for it get established as there are certain barriers created by the existing companies of that segment.  

So, option A is incorrect as it says, “either identical or differentiated products” as the characteristic. Option B is also not correct as it says, “Market control by many small firms” and option D says “No Entry” which is also incorrect.

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2 years ago
An automobile manufacturer produces and sells the Energy-Saver Car in North America. It also produces and sells the Smart Little
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Answer:

We will get $7680(thousands)

Explanation:

Answer

If we read the given data values in the passage, it is clear that the mean annual number of smart little cars in china is 7500 and the variance is equal to 6400

The variance is given for the number of cars, but not for the profit.

So, we need to convert the numerical value(number of cars) to money value(profit)

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3 years ago
Give 3 examples of showing self-respect? ​
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2 years ago
On April 30, 2017, Cupidity Corp. purchased for cash all 200 shares of the outstanding common stock of Venality Corp. for $40 pe
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$1,350

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