In a Sweezy oligopoly, the profit-maximizing level of output occurs where mr=mc.
Paul M. Sweezy created the oligopoly's kinked demand curve in 1939. The model explains how oligopolistic groups behave rather than placing emphasis on how price-output determination occurs.
With an equilibrium output of Q units and an equilibrium price of P, the oligopolist maximizes profits by equating marginal income with marginal cost.
Due to each company's desire to maximize profits, there is frequently intense competition among them when it comes to pricing, production, and promotion.
The main distinction between a monopolist and a perfectly competitive firm is that although for a monopolist, marginal revenue is not equal to the price since changes in output quantity affect the price.
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<u>Answer:</u>
All of the following are business-level cooperative strategic alliances EXCEPT D) Synergistic strategic alliances.
<u>Explanation:</u>
Business-level Cooperative strategies are used by the firms when they want to grow and improve the performance in the market of individual products. All this is achieved through various strategic alliances: Complementary Strategic Alliance, Competition-response, Uncertainty-reducing, and Competition-reducing strategic alliance. These alliances help overcome various problems of a business in the corporate world.
After listing all these strategies, it is clear that a Synergistic strategic alliance is not a part of business-level cooperative strategic alliances which means that option D is the correct choice.
Synergistic strategic alliance is a kind of agreement among business entities where they can work together to increase their overall output.
Answer:
17%
Explanation:
Margin of safety = (sales - sales at break-even point ) / sales × 100 = $ 800 000 - $ 664 000 / $ 800 000 × 100 = 17%
Adding all of that would equal to $1,346
Answer:
The answer is (C) Revising the estimated life of equipment from 10 years to 8 years.
Explanation:
Revising estimated life of equipment from 10 years to 8 years has the effect of increasing annual charge of depreciation.
