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MissTica
3 years ago
9

An oligopoly arises when _ have all or most of the sales in an industry. If oligopolists with the same marginal costs and no fix

ed costs compete against each other in price, it leads to all firms _.
a) A few large firms; making a loss

b) Many small firms; making large profits

c) A few large firms; making zero profit

d) Many small firms; making zero profits
Business
1 answer:
just olya [345]3 years ago
7 0

Answer:

The correct answer is letter "D": Many small firms; making zero profits.

Explanation:

An oligopoly is when the market is controlled by a small group of two or more firms. Businesses in an oligopoly can agree in price collusion and create barriers to entry for new commerce. When they compete against each other they act like perfect competitors which generate a price dropdown and causing zero profits for the firms.

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Bradford Services Inc. (BSI) is considering a project that has a cost of $10 million and an expected life of 3 years. There is a
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Answer:

Expected Net Cash Flow = $3.8 million

Net Present Value (NPV) = $1.0492 million

Explanation:

Given Cash outflow = $10 million

Provided cash inflows as follows:

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Probability                  30%                               40%                                  30%

Cash flow                $9 million                     $4 million                       $1 million

Average expected cash flow each year = ($9 million X 30 %) + ($4 million X 40%) + ($1 million X 30%) = $2.7 million + $1.6 million + $0.3 million = $4.6 million

Three year expected cash flow = ($4.6 million each year X 3) - $10 million = $13.8 million - $10 million = $3.8 million

While calculating NPV we will use Present Value Annuity Factor (PVAF) @12% for 3 years = \frac{1}{(1 + 0.12){^1}} + \frac{1}{(1 + 0.12){^2}} + \frac{1}{(1 + 0.12){^3}} = 2.402

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4 years ago
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For example, if an asset is used 40% of the time for a non-public motive, the deduction for its decline in value is decreased by 40%. The decline in fee of positive property costing $300 or less may be the value, this is, you may be entitled to an immediate deduction.

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when my supervisor presents me with multiple situations to see if i know when to implement a certain skill, (s)he clearly does n
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Question:

When my supervisor presents me with multiple situations to see if I know when to implement a certain skill, (s)he clearly does not trust me to know what I am doing. State whether the statement is true or false.

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1 year ago
Which of the following best describes a subsidy​? A. Banks make​ low-interest loans to farmers. B. The government puts a tax of​
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Answer:

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Explanation:

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Government paying farmers $100 tone per wheat produced is a subsidy as : It is a financial assistance given by government to reduce wheat's price in markets.

Bank's low interest rate to farmers is just credit ease policy ; Govt putting a tax on wheat imports is opposite of subsidy ; Farmer paying govt $100 per unit wheat is also a form of tax (opposite to subsidy).

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