The combined actions of oligopolists would always be preferable to those of a single monopolist. The correct response is option (c).
<h3>Define Oligopoly. </h3>
An imperfectly competitive market structure known as an oligopoly is one in which a limited number of businesses sell the same goods. Businesses in this type of market produce profits that are above average due to the high entry barriers.
A scenario known as monopoly occurs when there is only single-seller in the market. In traditional economic theory, the monopolistic situation is seen as the complete antithesis of perfect competition. The demand curve that the monopolist encounters is, by definition, the industry's downward-sloping demand curve.
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Answer:
$140,000
Explanation:
Data given in the question
Lump sum value of land and building = $420,000
Fair market value of land = $160,000
Fair market value of building = $320,000
The computation of the cost assigned to the land is shown below:
= Lump sum cost of purchased land and building × fair market value of land ÷ total fair market value of land and building
= $420,000 × $160,000 ÷ ($160,000 + $320,000)
= $420,000 × $160,000 ÷ $480,000
= $140,000
business models statement come up with strategies for the company such as branding, pricing and looking for potential partners & business concept is simply coming up with a unique selling proposition that helps the company stand out above the rest.
Answer:
Predetermined OH rate is $37.09
Explanation:
Firstly, we need to get the value for predetermined Fixed OH rate.
Predetermined Fixed OH rate = Estimated Fixed overhead / Estimated machine hours
= $2,347,090 / 79,000
= $29.71 per machine hour
Predetermined OH rate = Predetermined Fixed OH rate + Predetermined Variable OH rate
= $29.71 + $7.38
= $37.09
Therefore, the predetermined OH rate is $37.09