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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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Explanation:

General Education Requirements prepares students with the skills that are needed to enhance their employability and also help them in course of life. Some of these skills include oral and written communication, problem solving, critical thinking, etc.

Some of the subjects that would normally fall under general education requirements at college are Writing, Mathematics, Social science, Natural science, Global awareness, Diversity. etc.

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3 years ago
- If Qantas becomes the only firm in the airline industry, discuss the three (3 barriers of entry it wou create to remain as the
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Explanation:

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3 years ago
Describing a topic, idea, or concept you find so engaging that it makes you lose all track of time. Why does it captivate you? W
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Answer:

Strategic Warfare

Explanation:

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3 years ago
Pearl Corporation reported net income of $49,100 in 2020. Depreciation expense was $17,200. The following working capital accoun
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Answer:

Net operating cash flow   $68,300

Explanation:

Operating cash flow is the amount of cash generated by a company from its main and normal business activity. This cash flow is useful to gauge the financial viability of a firm's business activity; the larger the better.

It is essentially computed as the net movement of cash inflow and outflow in respect of a business activities.

It is computed as follows:                          

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Net income                                              49,000

Add deprecation                                      17,200

Less increase in receivable                    (11.200)

add increase in payables                         <u>13,300</u>

Net operating cash flow                          <u> 68,300</u>

Note that only items that relate to trading which is the core business area of the Pearl Corporation are considered. Depreciation is  added because it is a non-cash item initially deducted from net income.

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Net operating cash flow   $68,300

3 0
2 years ago
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Answer:

1) It is a price floor which is binding as employeer cannot hire teenagers willing to work below 24 dollars per hour

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3) it is a price floor which is also binding as the equilibrium is at 3 dollars the supplier will have to increase price and sales volume will be lower as demand will drop

Explanation:

4 0
3 years ago
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