Answer:
The profits for firma A and B will decrease.
Step-by-step explanation:
Oligopoly by definition "is a market structure with a small number of firms, none of which can keep the others from having significant influence. The concentration ratio measures the market share of the largest firms".
If the costs remain the same for both companies and both firms decrease the prices then we will have a decrease of profits, we can see this on the figure attached.
We have an equilibrium price (let's assume X) and when we decrease a price and we have the same level of output the area below the curve would be lower and then we will have less profits for both companies.
Answer:
1.1
Step-by-step explanation:
Write out a long division problem! Since you can't have a decimal in the divisor, multiply both numbers by 10. This will leave you with 39.6÷36. Now all you have to do is follow the steps and end up with an answer of 1.1
Answer:
45km
Step-by-step explanation:
Given data
Average Speed= 15km/h
Time = 3 hours
Required
The distance traveled
Speed= distance/time
Distance= speed*time
Distance= 15*3
Distance= 45km
Hence the lower bound of the distance is 45km
5<em>x</em>² - 7<em>x</em> + 2 = 0
5(<em>x</em>² - 7/5 <em>x</em>) + 2 = 0
5(<em>x</em>² - 7/5 <em>x</em> + 49/100 - 49/100) + 2 = 0
5(<em>x</em>² - 2 • 7/10 <em>x</em> + (7/10)²) - 49/20 + 2 = 0
5(<em>x</em> - 7/10)² - 9/20 = 0
5(<em>x</em> - 7/10)² = 9/20
(<em>x</em> - 7/10)² = 9/100
<em>x</em> - 7/10 = ± √(9/100)
<em>x</em> - 7/10 = ± 3/10
<em>x</em> = 7/10 ± 3/10
<em>x</em> = 10/10 = 1 or <em>x</em> = 4/10 = 2/5
multiply 6 x 6 to get 36 and 7 x 11 to get 77.
6/7 x 6/11 = 36/77