1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
quester [9]
3 years ago
9

The key feature of an oligopolistic market is that Select one: a. a single firm chooses a point on the market demand curve. b. e

ach firm produces a different product from other firms. c. a small number of firms are acting strategically. d. each firm takes the market price as given.
Business
1 answer:
Lesechka [4]3 years ago
6 0

Answer:

c. a small number of firms are acting strategically.

Explanation:

The Firms in oligopoly can influence market outcome and thus they act strategically to achieve the expected outcome.

You might be interested in
A wheat farmer in Nebraska takes a risk and starts a new farm on land that was previously thought unfit for growing wheat. If hi
PolarNik [594]

Answer:

Entrepreneurship

Explanation:Entrepreneurship - it is referred to as taking risk of producing new products or starting something new by utilizing the resources available in the area.

If after utilizing the resources lead the market value of resulted outcomes is greater than available resources then entrepreneur has a profit.

In the same way, the wheat farmer is starting to invest in the land which assumed to be not good for growing wheat.

7 0
3 years ago
Aaron Company uses the periodic inventory cost flow method. If Aaron's ending inventory is understated due to an accounting erro
cestrela7 [59]

Answer:

a. net income= understated, retained earnings= understated

Explanation:

In accounting and auditing it is established that ending inventory and net income moves in the same direction when it comes to being overstated or understated. That implies that if <u>ending inventory is understated</u>,  then cost of goods sold will be overstated by the same amount, and when costs are overstated it finally leads to <u>net income and gross profit being understated.</u>

Furthermore, since it is the net income that will be added to retained earnings thereafter, it implies that the lesser the net income the lesser will be retained earnings. Hence, understatement of ending inventory is understatement of net income and also retained earnings.

4 0
3 years ago
The automobile industry in​ Rhizo, a small developing​ country, has a monopolistic market structure. Crimson​ Inc., the only pla
IceJOKER [234]

Answer:

Option D is the correct answer to this question.

Explanation:

An increase in the average family size in recent years has created a demand for bigger cars. Since Roger Woods proposed that Crimson must introduce some variety in its product line to maintain overall profit margins, option D is the only option that suggests a need for adding a new variety to its product line (Bigger Cars), since there is a demand for it already arising from the increase in the average family size.

6 0
3 years ago
Double-declining balance On January 1, 2021, the Excel Delivery Company purchased a delivery van for $51,000. At the end of its
agasfer [191]

Answer:

$18,480

Explanation:

Cost of van = $51,000

Useful life = 5 years

Salvage value = $4,800

Using the straight line, Annual depreciation

= (51000 - 4800)/5

= $9,240

Using the Double-declining balance method,

Annual depreciation = 2 × 9,240

                                  = $18,480

3 0
3 years ago
1. A business acquaintance promises to deliver a $20 bill to you one year from today. How much should you be willing to pay toda
riadik2000 [5.3K]

Answer and Explanation:

The computation is shown below;

1. The willing amount to pay for the promise should be less than $20 that represents the time value of money

2. Now the present value is

= Received amount × discounting factor at 6% for 3 years

= $1,000 × 0.839

= $839

3. Now the interest rate is

As we know that

Future value = Present value × (1 + rate of interest)^number of years

$1,000 = $863.84 × (1 + rate of interest)^3

rate of interest =5% approx

6 0
3 years ago
Other questions:
  • Find the present values of the following cash flow streams. The appropriate interest rate is 7%. (Hint: It is fairly easy to wor
    14·1 answer
  • The value of what is produced per worker, or per hour worked, is called ____________
    9·1 answer
  • Debit means increase and credit means decrease for all accounts. true false
    14·1 answer
  • Athen tech., a software company, changed its pay structure from 3,000 job titles and 12 pay grades to a simpler structure with 1
    15·1 answer
  • C&amp;S Marketing (CSM) recently hired a new marketing director, Jeff Otos, for its downtown Minneapolis office. As part of the
    14·1 answer
  • Bennie’s Radiator Shop has installed a new machine that increases production by 200 units. Each unit sells for $30. What is the
    6·1 answer
  • Classify the following topics as relating to microeconomics or macroeconomics. Topic: Microeconomics or Macroeconomics
    12·1 answer
  • According to the US Department of Labor, the average Amencan has had how many jobs before the age of 32?
    6·1 answer
  • ZOOm you there lets get on.
    12·2 answers
  • PROBLEM 5 You have to design the system interconnection network of a multicomputer system. Your choices are to use an Omega or a
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!