The marginal revenue curve of an oligopolist begins to decline after 500 units of output. Which type of oligopoly does Sweezy's company most likely operate under?
A market system known as an oligopoly occurs when a small number of important sellers or manufacturers dominate a market or an industry (from the Greek words oligos, "few," and v, polein, "to sell"). The result of corporate cooperation to boost profits is typically oligopoly. Numerous industries have been identified as being oligopolistic, including commercial aviation, power providers, telecommunications companies, rail freight markets, food processing, funeral services, sugar refining, beer production, pulp and paper manufacture, and auto manufacturing. Because of the decreased competition, consumer prices would increase and labour earnings will decrease.
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Answer:
The correct answer is Duty of loyalty.
Explanation:
The corporate sphere bears an important analogy with the contractual one, in the sense that in both the agreements of the parties and the provisions of the law must be fulfilled, that is, there is a duty of loyalty of the partners and a duty of loyalty of the administrators. However, any action carried out by a subject, over and above private covenants or regulatory provisions, must follow a standard of conduct that imposes a certain ethical behavior in legal relationships, that of good faith.
Therefore, and without delving into the normative level, noting that behaving under the strict principle of good faith with society would be the partner's main duty. Here it is possible to know the concrete scope of this principle as a source of special duties for the parties in the corporate sphere. Thus, a duty-generating principle is derived from it: cooperation, information and protection.
Answer: Procedures
Explanation:
From the given case/scenario, we can state that the standing plan can be referred to as <em>procedures</em>. A procedure is referred to as a document or act that is written in order to support a policy. It is mostly designed in order to describe where,who, what, when, and why through means of building corporate accountability in inclination to implementation of the policy.
Explanation:
Organizations are integrated systems that use resources to achieve certain objectives and goals and become profitable and competitive.
Globalization was a phenomenon that contributed to an increase in the flow of information and changes in technologies and paradigms that contributed to a greater speed in consumer trends, and in the number of companies competing in the market.
Therefore, to achieve competitive advantage, it is not enough for the organization to use its resources in a conventional way, it is necessary to use strategies to add value to its processes. Considering the current business scenario, it can be said that the human resource in companies is the one that will give it a sustainable competitive advantage, since the knowledge acquired is one of the main resources used for the company to position itself in relation to competitors, each time more companies are promoters of social responsibility, so prioritizing knowledge and its stakeholders will always be the most advantageous option for creating value and competitive advantages.
The answer to this question is <span>Company strengths and weaknesses.
In this context, company strength refers to all the factors that make the company stand out among other competitors in the market (such as good products, fame, good researchers, etc)
The weakness, on the other hand, refers to something that needed to be taken care of if the company want to win the competition in the market. (such as huge debt ratio, scandals, etc)
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