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statuscvo [17]
3 years ago
10

There are two producers of wagon wheels that together are the exclusive providers to a large community. the executives of these

companies meet to set minimum prices and production levels, thereby ensuring that they each will make a higher profit than they would in a free market. this is an example of a(n): dictatorship. autocracy. monopoly. oligopoly.
Business
1 answer:
iris [78.8K]3 years ago
7 0

Answer:

This is an example of <u>"oligopoly".</u>

Explanation:

Oligopoly refers to a term which means many firms and this is related to a market structure which is dominated by small number of large firms. There are some advantages as well as disadvantages of oligopoly markets. Firms under oligopoly markets can be comfortable to work with each other and they  can also harm each other.

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Wait unemployment and search unemployment are both types of:
serious [3.7K]

Answer:

Option A. frictional unemployment, is the right answer.

Explanation:

Option A is correct because frictional unemployment is referred to as a situation when people change their job and remains unemployed during this period. For example, a person leaves his earlier job and starts finding a new job. It took him one month to find a new job, therefore, this period of one month during which he was unemployed and looking for a job is considered to be as the frictional unemployment.

6 0
3 years ago
A quality improvement project was initiated in an industry that has seasonal demand for their product, coolers/ice chests, which
gulaghasi [49]

Answer:

A. Histogram

Explanation:

Histogram is nothing but the diagram formed of rectangles in a graphical form representing the distribution of numerical data. The strength of histogram is that the picture of location and variation of data set can be read easily as the individual data are grouped together to give clear picture of occurrence of frequency data in each class in the data set.

4 0
2 years ago
Read 2 more answers
Suppose you borrowed $25,000 at a rate of 8% and must repay it in 4 equal installments at the end of each of the next 4 years. h
babunello [35]
It would be 610.32 . My teacher helped me with that one
4 0
3 years ago
Tony works at an auto assembly plant for a U.S. auto manufacturer. He manages a group of employees who measure the quality of pa
Pani-rosa [81]

Answer:

The correct answer is:  supply chain management.

Explanation:

Supply chain management is the cumulative network of people, entities, activities, information, and resources involved in moving raw materials, components and finished products from original suppliers to end-users. Supply chain management is crucial for most companies and can involve hundreds of links at large corporations, thus it requires considerable skill and expertise.

7 0
3 years ago
When the elasticity of demand for a product is __________ the elasticity of supply, consumers pay __________ of the tax on the p
mezya [45]

When the elasticity of demand for a product is smaller than the elasticity of supply, consumers pay majority of the tax on the product.

The way the tax burden is distributed between purchasers and sellers is known as the tax incidence.

The relative price elasticity of supply and demand determines the tax incidence.

Usually, both the producers and the consumers of the taxed goods bear the incidence, or burden, of the tax.

But all we have to do is look at the elasticity of demand and supply to determine which group will be carrying the bulk of the load.

The majority of the tax burden falls on consumers when supply is more elastic than demand.

The majority of the tax burden falls on the producers when demand is more elastic than supply.

The less elastic the demand and supply are, the higher the tax revenue.

Hence, When the elasticity of demand for a product is smaller than the elasticity of supply, consumers pay majority of the tax on the product.

Learn more about elasticity of demand:

brainly.com/question/24961010

#SPJ1

6 0
1 year ago
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