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3 years ago

List two characteristics of an oligopolistic industry.

Business

2 answers:

quester [9]3 years ago

5 0

Interdependence
Advertising
Group Behavior
Competition

klemol [59]3 years ago

4 0

Answer:

1. An industry dominated by a small number of large firms

2. Firms sell either identical or differentiated products

3. The industry has significant barriers to entry

This fact is recognized by all the firms in an oligopolistic industry. If a small number of sizable firms constitute an industry and one of these firms starts advertising campaign on a big scale or designs a new model of the product which immediately captures the market, it will surely provoke countermoves on the part of rival firms in the industry. Thus different firms are closely inter dependent on each other.

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In a competitive market the price is $8. A typical firm in the market has ATC = $6, AVC = $5, and MC = $8. How much economic pro

Luba_88 [7]

Answer:

$3 per unit

Explanation:

In short run a monopolist and competitive firm try to maximize their profit and minimize costs until the the marginal revenue equals to the marginal cost.

In this question the average variable cost is lower than the marginal cost the difference between both is the profit for the short run.

Economic profit = Cost saving

Economic profit = Marginal Cost - Average variable cost

Economic profit = $8 - $5

Economic profit = $3

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4 years ago

Suppose that lenders want to receive a real rate of interest of 5 percent and that they expect inflation to remain steady at 2 p

s344n2d4d5 [400]

Answer:

the nominal interest rate is 7%

Explanation:

The calculation of the nominal interest rate is given below:

As we know that

Nominal interest rate is

= Real interest rate + Inflation rate

So,

The nominal interest rate should be

= 5% + 2%

= 7%

Hence, the nominal interest rate is 7%

The same is to be considered and relevant

5 0

3 years ago

A guest calls to make a reservation. She tells you her friend made a reservation for $315 versus the $350 you are quoting as a r

RideAnS [48]

<span>The situation should be handled by speaking in a calm, yet firm tone of voice. The customer should be told the rates for rooms at the hotel, as well as any charges that may occur for cancelling. If the customer still isn't satisfied, she should be transferred to the manager for further explanation.</span>

3 0

3 years ago

Typically, manufacturers and retailers exchange business documents through a _________ system, the computer-to-computer exchange

Soloha48 [4]

Answer: (A) Electronic data exchange

Explanation:

The electronic data exchange system is the type of software which is used for transferring the data from one system to another computer system.

The EDI system is used for exchanging various types of business document in an organization.

By using the electronic data exchange method we can easily and fastly transfer the file and document to the destination computer system without any human intervention.

This type of software is used in various types of business for exchange documents between the customers and suppliers.

Therefore, Option (A) is correct.

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3 years ago

According to the producer price index database maintained by the Bureau of Labor Statistics, the average cost of computer equipm

alexandr1967 [171]

Answer:

Times Interest earned:

2013 16.47

2012 49.02

2.- Yes it is suffficient as it is earnings above 10 times their interest

Explanation:

December 31, 2013.2013 2012 Sales Revenue $ 118,000 $ 147,000 Cost of Goods Sold 69,000 78,700 Gross Profit 49,000 $ 68,300 Selling, General, and Administrative Expenses 37,800 40,600 Interest Expense 680 565 Income before Income Tax Expense 10,520 27,135 Income Tax Expense 2,500 6,800 Net Income $ 8,020 $ 20,335

year 2013

Income before taxes: 10,520 + interest expense 680 =

interest before interest and taxes = 11,200

times interest earnings:

11,200/680 = 16.47

year 2012

Income before taxes: 27,135 + interest expense 565 =

interest before interest and taxes = 27,700

times interest earnings:

27,700/565 = 49.02

5 0

4 years ago