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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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Preparing a Budgeted Income Statement Oliver Company provided the following information for the coming year: Units produced and
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Answer:

Instructions are listed below.

Explanation:

Giving the following information:

Units produced and sold 160,000 Cost of goods sold per unit $6.30 Selling price $11

Variable selling and administrative expenses per unit $1.10

Fixed selling and administrative expenses $423,000

Tax rate 18 %

Income Statement:

Sales= 160,000¨11= 1,760,000

COGS= 6.30*160,000= (1,008,000)

Gross profit= 752,000

Selling and administrative expense= (160,000*1.10) + 423,000= (599,000)

Earning before taxes= 153,000

Tax= 153,000*0.18= (27,540)

Net operating profit= 125,460

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Answer:

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Explanation:

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Answer:

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Explanation:

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