Answer:
2. Oligopoly
Explanation:
There are only several (three) main firms capturing the majority of market share, none of which can avoid the significance of others' strategy. That is the definition of oligopoly
It is not
- monopoly (one company),
- perfect competition (really numerous sellers having no control on price)
- or monopolistic competition (many company having small power)
If this question has the same set of choices like the other ones posted here, then the answer would be letter C. 529 plan- money you save.
I believe that it is b the cartel
Answer:
Joint Demand
Explanation:
The joint demand is created when the uniqueness of one part of the complete set of product is innovative and triggers sense of differentiated product in the mind of customers. This sense of quality generates demand for the whole of the product.
<span>Accounting profit is profit calculated using only the explicit costs incurred by the firm. Explicit costs are all costs that are considered to be out-of-pocket costs. These costs can include materials, salaries, rent and more. Implicit costs are opportunity costs to the firm of resources that are already owned by the company such as expanding the work building on land that has already been purchased.</span>