The resource would be most helpful for this careeronestop hence option A is the correct answer.
<h3>What is Careeronestop?</h3>
Careeronestop is an online tool that seeks to help job seekers and the unemployed get the right information they need about their next job or the job they are about to apply to.
Careeronestop provides resources ranging from videos, training, and workshops.
Learn more about Careeronestop here:
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Answer:
neither firm cheats on the agreement; Gary cheats on the agreement and Frank does not cheat
Explanation:
Gary's Gas and Frank's Fuel operate an oligopoly.
An Oligopoly is when there are few large firms operating in an industry. While, a monopoly is when there is only one firm operating in an industry.
Oligopolies are characterised by:
- price setting firms
- product differentiation
- profit maximisation
- high barriers to entry or exit of firms
- downward sloping demand curve
A cartel is when two or more producers of a certain good or service come together to regulate either the price of their good or the quantity of their goods that would be supplied. The producers that come together are usually competitors.
A tight oligopoly is when at most 8 firms hold at least 50% of the market share. there is usually cooperation among the firms
If both firms collude to increase prices, there would be an increase in total profits.
Gary's profits are highest when he cheats on the collusion and sells at a lower price. He would sell more due to his lower prices than Frank.
Answer:
224 units of output per dollar of input
Explanation:
The computation is shown below:
Productivity measures = (Total units produced) ÷ (Total labor cost + Total equipment cost)
where,
Total units produced is
= 70,000 × 52 weeks in a year × 4 years
= $14,560,000
Total units produced
= $13,000 × 4 years
= $52,000
And, the cost of equipment is $13,000
So, the productivity measures is
= ($14,560,000) ÷ ($52,000 + $13,000)
= 224 units of output per dollar of input