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topjm [15]
3 years ago
10

In a large city, two taxi companies own all the licenses that the city will grant to operate taxis. consumers don't care which c

ab company they take—if they decide it's worth taking a cab, they flag down the nearest one.
Business
1 answer:
liberstina [14]3 years ago
7 0

Answer:

this situation can be classified as an duopoly

Explanation:

An duopoly is similar to a monopoly but instead of only supplier there are two suppliers that share total market power and control. Both companies also offer basically the same product or service. Competition exists between the companies but it is not significant, both companies decide to coexist. Customers are forced to choose between one company or the other.

In this case, there are only two taxi companies and the customers really don't care what company they use since they both offer similar services. None of the companies even bothers to offer a better service to try to gain a larger market share.

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What are primary and secondary markets?
kotegsom [21]

Answer:

Explanation:

The primary market is the market in which the new securities like bonds, stocks, etc are offered to the general public for the first time or we can say Initial public offer.

The initial public offer is an example of the primary market .

On the other hand, the secondary market is that market in which the securities are purchased or sold through the investors after offering to the general public.  

Example - New York Stock Exchange (NYSE), etc.

8 0
2 years ago
Diseconomies of scale means that a company is too small to purchase in bulk and is unable to lower costs.
Vinvika [58]

Answer:

Diseconomies of scale are when production output increases with rising marginal costs. ... Fixed costs do not change with increases/decreases in units of production volume, while variable costs are solely dependent, which results in reduced profitability. They show how well a company utilizes its assets to produce profit.

Explanation:

It's true.

3 0
3 years ago
Read 2 more answers
The people in an economy have $25 million in money. There is only one bank where they deposit their money and it holds 10% of th
Klio2033 [76]

Answer:

The people in an economy have $25 million in money. There is only one bank where they deposit their money and it holds 10% of the deposits as reserves. What is the money multiplier in this economy?

D. 10

Explanation:

10% of $25, 000, 000= $2,500,000

Money multiplier in this economy is by 10

6 0
2 years ago
Borderline Cafeterias has discovered that most of its wait staff are white, while most of its kitchen staff are hispanic. When i
Elenna [48]

Answer:

disparate impact

Explanation:

Disparate impact refers to practices followed in employment, housing, and other areas that affect one group of people more than the another group, although rules applied by employers are neutral.

Disparate impact explains employment discrimination on the basis of the effect of an employment policy or practice.

In the given questions, the CEO's argument is an example of <u>disparate impact .</u>

6 0
3 years ago
What two cultural factors influenced the variety of Chinese lays potato chip flavors
mel-nik [20]

Answer:

China and Japan.

Explanation:

:DDD

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