1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Marianna [84]
3 years ago
11

Which of the following characteristics differentiates a firm in an oligopolistic market from a firm in a perfectly competitive m

arket?A) A firm in an oligopolistic market has to consider its own impact on price when making production decisions.B) A firm in an oligopolistic market does not face competition from other firms.C) A firm in an oligopolistic market does not maximize profits.D) Firms in oligopoly markets do not reach a profit maximum when marginal revenue equals marginal cost.
Business
1 answer:
Oliga [24]3 years ago
6 0

Answer:

A) A firm in an oligopolistic market has to consider its own impact on price when making production decisions

Explanation:

A perfectly competitive market is a market with many firms selling identical product. There are free entry and free exist and the decision of a firm does not affect the price in the market as all firms are price takers. Therefore, each firm is independent under perfectly competitive market and production decisions of a firm in a perfectly competitive market does not affect the price in the market nor will it cause any reaction from other firms.

However, Oligopolistic market is a market where there are few firms which are 3 or more firms but not more than 20 firms selling identical or differentiated product.. Firms in oligopolistic market are interdependent which implies that the decision of one firm can affect price and this can cause reaction from other firms and then lead to a price war. A price war occurs when each firm continually reduces its own price in order to increase its market share which causes other firms to react reducing their own prices and this will make none of the firms to gain in the end. In order to avoid the price war, each firm in an oligopolistic market has to consider its own impact on price when making production decisions.

You might be interested in
How publish Fiverr gig without taking a test?
Alja [10]

Answer:

I don't know

Explanation:

I am out of my mind

Sorry.

7 0
2 years ago
Kent is a salesman at a large water products distributor where all the decisions are made by the top levels of management. Howev
Gelneren [198K]

Answer:

Centralized Organization

Explanation:

Centralized organization can be defined as a hierarchy decision-making structure where all decisions and processes are handled strictly at the top or the executive level.

7 0
3 years ago
A health insurance provider has used market ________ to identify groups of businesses that have unique needs when providing insu
Kaylis [27]

Answer:

Segmentation

Explanation:

Market segmentation is a study that decides whether the company splits its members or populations into smaller categories based on factors such as age, wealth, personality features or actions. These divisions will also be used to tailor goods and ads to specific consumers.

In the case of health insurance providers, they use market segmentation to maintain the difference between individuals and decide about their premium, desire and other benefits.

8 0
3 years ago
A _____________ is a matrix or two-dimensional barcode first designed for the automotive industry in japan.?
valina [46]
The answer is: QR CODE
5 0
3 years ago
"Probably the most fertile areas for career opportunities today can be found in the investments and financial markets fields. "
kkurt [141]

Answer:

Yes, I think these two fields are the most attractive fields for career opportunities

Explanation:

Following are the reasons why investment and financial institutions are most fertile areas for future and current career opportunities:

  • Growing Economies: The economies are growing and the wealth is been created as different countries are busy in creating comparative advantages and this has uplifted the living standards of their people.The uplift in living standards of people have created increased investment in financial institution. This is the reason why investment and financial institutions are very attractive to all of the investors.
  • Growing Population and technological advancements has also increased the demand for investments in different sectors which has increased the demand for investment and financial institutions to resolve the funding gap between the investor and the company.
  • The complexity related to the management of treasury departments of companies has increased in the past 2 decades which has resulted in over reliance of treasury departments on the investment and financial institutions.
  • The investment and financial institutions has introduced new products like futures, options, mutual funds, fixed rate account, etc which has increased the investment.
  • The government policies for ease of business also includes the easing the financial institution to provide finance to fund seekers to uplift the economy shows how important is the role of the financial institutions.
  • As the companies are entering international markets, the use of financial products has been increased and near future we will have millions of multinational organizations using investment and financial institution's products.
7 0
3 years ago
Other questions:
  • A security firm is offered​ $80,000 in one year for providing cctv coverage of a property. the cost of providing this coverage t
    10·1 answer
  • Black Friday, the day after Thanksgiving, is the largest shopping day of the year. Do the early shoppers, who often wait in line
    12·2 answers
  • What are some of the pathways in the Agriculture, Food, and Natural Resources career cluster? Check all that apply.
    11·2 answers
  • What’d does market value of a good or service mean?
    9·1 answer
  • 5 years ago,an individual has invested $10,000 in aninvestment trust. Over those years, the trust has distributed $2,000, consis
    7·1 answer
  • Do you have an option to pay taxes?
    12·2 answers
  • Assume a central bank exchanges its currency for other foreign currencies in the foreign exchange market, but does not adjust fo
    14·1 answer
  • You submit an offer to the seller. They agree with price, inclusions, everything except the closing date. The proper way to hand
    6·1 answer
  • On January 1, 2018, the Highlands Company began construction on a new manufacturing facility for its own use. The building was c
    10·1 answer
  • Sedentary muscles should be braised to make them become tender.
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!