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3 years ago

An oligopoly differs from a monopoly in that an oligopolist:

Business

1 answer:

umka21 [38]3 years ago

7 0

Answer:

A. must consider the behavior of its rivals when it makes decisions.

Explanation:

An oligopoly occurs when a small number of firms operate in a market, and firms cannot control the influence of other firms in the market. Each firm has the ability to influence the market.

A key feature of oligopoly is interdependence. Firms look at other firms behaviours before making decisions. It is a form of tacit collusion.

Decisions on output, price, advertising and other depends on decision of other firms in the market.

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Which of the following statement is correct?

Mice21 [21]

Answer:

C. A typical industrial company's balance sheet lists the firm's assets that will be converted to cash first, and then goes on down to list the firm's longest lived assets last.

6 0

3 years ago

Alphabet Company, which uses the periodic inventory method, purchases different letters for resale. Alphabet had no beginning in

Slav-nsk [51]

Answer: $51

Explanation:

A, B, C, D, E, F, G were purchased for $2.50 per letter which means they cost;

= 7 * 2.50

= $17.50

H to L were purchased at $4.50 per letter which means they cost;

= 5 * 4.5

= $22.50

M to R were purchased at $5.50;

= 6 * 5.5

= $33

Total inventory cost = 17.50 + 22.50 + 33 = $73

Inventory sold = 2.5 + 2.5 + 2.5 + 4.5 + 4.5 + 5.5

= $22

Ending Inventory = Total inventory - inventory sold

= 73 - 22

= $51

8 0

3 years ago

Melanie sets up her own business. her hair salon earns $10,000 in revenue a month. she spends $500 per month on supplies (shampo

ziro4ka [17]

Melanie's economic profit per month is computed as follows: $10,000 (revenue monthly) - $500 (supplies monthly) - $50 (monthly depreciation = $600 annually / 12 months in a year) = $9,450.

8 0

3 years ago

How do industry or external changes impact the things that you do personally?

kotykmax [81]

External changes from industry have great impact in the things that we do personally. Every moment there are new technology that are being developed that simplified our daily life. With this fast paced improvement in our technology, we tend to adapt and make use of those new technology to improve our daily activities. It can be in a form of entertainment, communication or travelling.

4 0

3 years ago

Assume the following information pertaining to Cub Company: Prime costs $195,000 Conversion costs 221,000 Direct materials used

LuckyWell [14K]

Answer:

cost of goods manufactured= $323,000

Explanation:

Giving the following information:

Conversion costs 221,000

Direct materials used 85,000

Beginning work in process 98,000

Ending work in process 81,000

<u>To calculate the cost of goods manufactured, we need to use the following formula:</u>

cost of goods manufactured= beginning WIP + direct materials used + direct labor + allocated manufacturing overhead - Ending WIP

Conversion costs= direct labor + allocated overhead

cost of goods manufactured= 98,000 + 85,000 + 221,000 - 81,000

cost of goods manufactured= $323,000

6 0

3 years ago