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Alexxandr [17]
3 years ago
14

1. Characteristics of oligopoly An oligopolistic market structure is distinguished by several characteristics, one of which is m

arket control by a few large firms. Which of the following are other characteristics of this market structure? Check all that apply. Either similar or identical products Difficult entry Neither mutual interdependence nor mutual dependence No entry Mutual interdependence
Business
1 answer:
sergejj [24]3 years ago
8 0

Answer:

----Either similar or identical products --------Difficult entry

----Mutual interdependence

Explanation: An Oligopolistic market is a market characterized by few sellers of large firms who sell either similar or differentiated products. Here, Each firm is mutually interdependent as any action from any firms influences the actions of the rest of the competing firms , therefore decisions are made using strategic planning and consideration as competing firms are ready to counter react to any change in any new market action.

Market entry is difficult Because of the already established customer base of the successful operating firms dominating the market.Also venturing into the market requires high capital, technology or additional government licences. Examples of Oligopolistic firms are oil and gas firms, airlines, mass media etc

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What is the line manger
Lesechka [4]

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it a person that is in line to be the nexted manger

Explanation:

5 0
2 years ago
Alan tells Sherry that he will pay her $5,000 if she runs the Boston Marathon. Once Sherry starts running the marathon, Alan, le
iragen [17]

Answer:

can revoke the contract as informal verbal agreements are not binding

Explanation:

Since in the question it is mentioned that sherry would pay her $5,000 in the case when she runs marathon now once she starts running so here alan can revoke the contract legally as there is only verbal agreements not the written agreement also they are not binding to each other

So as per the given situation, the above statement should be considered

8 0
2 years ago
The Playa Company has the following information in its records. Certain data have been intentionally omitted ($ in thousands). R
nikklg [1K]

Answer:

Particulars                                      2021                2022                    2023

Beginning Inventory                        <u>277</u>                <u>253</u>                         235

Cost of Goods sold                          633                623                        <u> </u><u>586</u>

Ending inventory                             <u> </u><u>253 </u>              235                          220

Cost of good available for sale       886                <u>876</u><u> </u>                         806

Purchases                                         640                <u>623 </u>                         595

Purchase discounts                           20                   17                            <u>26</u>

Purchase returns                               26                   32                            16

Freight-in                                            15                    34                            18

Explanation:

There are few missing values which are calculated using back solving technique. These values are bold and underlined. Playa Company has missing information for its three year accounts.

Available for sale = Beginning inventory + Net Purchases

Cost of Goods Sold =  Cost of good available for Sales - Ending inventory

Ending inventory = Cost of Goods available for Sales - Cost of Goods Sold.

Net purchases = Gross purchases + Freight in - Purchase discount - Purchase return

8 0
2 years ago
I am considering buying a new sports car like a ford mustang. another sports car that would not likely compete head-to-head like
konstantin123 [22]
<span>This is an example of industry competition. Industry competition is a rivalry between companies in the same market who offer similar products or services. These industries compete for potential customer's money and use a variety of means to make sure they are the one a consumer chooses to do business with. They can use advertising to try and attract consumers or offer lower prices, but the most important thing is to provide a good product or service.</span>
8 0
3 years ago
Read 2 more answers
You are a newspaper publisher. You are in the middle of a one-year rental contract for your factory that requires you to pay $70
V125BC [204]

Answer:

First find the Average fixed cost per papper.

That is,

1. Fixed cost is -

, If sales fall by 20%

Then,

So AFC per papper rises from $1.95 to 2.437

2. The MC will be changes from this 20 % fall is

then

So the marginal cost are changes $1.95 to $2.88

3. Before the changes in cost

So the changes is

The amount changes from $2.40 to $2.88 per paper

Explanation:

5 0
3 years ago
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