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Lisa [10]
4 years ago
12

Explain whether the following statement is true or false. There is no mark for stating true or false; the mark is awarded for th

e explanation and the illustration only.
One way in which monopolistic competition differs from oligopoly is there are no barriers to entry in oligopolies.Immersive Reader
Business
1 answer:
Alex73 [517]4 years ago
4 0

Answer:

The statement is false.

Explanation:

Oligopoly is a market situation where the market of a given good or service is dominated by a few strong, powerful providers. It could be described as a mix between monopoly and perfect competition, where there are several players in the market, but not so many that they can not influence the market price, and in which those providers are strong enough to establish a monopoly if they could. Examples of oligopoly markets are the market for cars and oil, among others, in which there are few but powerful enterprises in the market.

In oligopolies there are almost as many barriers as in monopolies: although there is competition between companies, for a new company it is almost impossible to enter the market since prices, quality and customers are retained by companies already established in the market.

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Compared to earning a four-year degree, a technical certification allows you to
anastassius [24]
The correct answer should be start earning sooner because it enables you to join the work force sooner since achieving a technical certification lasts shorter.
8 0
3 years ago
What is the amount of Olivia’s standard deduction? a. $18,350 b. $20,000 c. $24,400 d. $25,700
beks73 [17]

Answer:

Olivia would have the head of household standard deduction of 18,350 plus an additional 1,650 because she is a senior citizen and is single.

Explanation:

4 0
4 years ago
The price index was 136 in one year and 142 in the next year. what was the inflation rate between the two years?
Olegator [25]
The inflation rate was 4.41 percent
5 0
3 years ago
A company sold 3,000 units at $500 each. Variable expenses were $350 per unit, and fixed expenses were $780,000. The same variab
nikitadnepr [17]

Answer:

6,000 units

Explanation:

We know that

Break even point in units = (Fixed expenses ) ÷ (Contribution margin per unit)  

where,  

Contribution margin per unit = Selling price per unit - Variable expense per unit

The selling price would be

= $500 - $500 × 4%

= $500 - $20

= $480

And, the Variable expense per unit is $350

So, the contribution margin per unit would be

= $480 - $350

= $130

So, the break even point in  unit should be

= $780,000 ÷ $130 per units

= 6,000 units

3 0
4 years ago
Which of the following is true of brand equity? Multiple Choice It is a tangible asset that adds value to a service. It allows t
Blababa [14]

I believe the answer is: it is an asset that adds value to a service

Brand equity refers to the positive perception that the consumers have towards our brand. This considered as an asset because brand equity is strongly correlated with consumers loyalty. It creates the perception that our brand would always had a certain level of Superiority compared to other brands regardless whether their assumptions is correct or not.


3 0
3 years ago
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