Answer:
Economics of scope.
Explanation:
Economies of scope can easily described to be situations in which the long-run average and marginal cost of a company, organization, or economy decreases, due to the production of some complementary goods and services. An economy of scope means that the production of one good reduces the cost of producing another related good.
Economies of scope differ from economies of scale, in that the former means producing a variety of different products together to reduce costs while the latter means producing more of the same good in order to reduce costs by increasing efficiency.
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Hope this helps, Happy Valentines day (:
The market most likely to be characterized by oligopolistic competition in the united states is smartphone service providers.
<h3>
What is an oligopolistic competition ?</h3>
An oligopoly is when there are few large firms operating in an industry. This is because there are high barriers to the entry and exit of firms into the industry. The smartphone service provider industry is dominated by five industries due to the high cost and regulations in the industry.
Here are the options to the question:
a) soybeans
b) pens and pencils
c) smartphone service providers
d) men's clothing
e) electrical service to the home
To learn more about oligopolies, please check: brainly.com/question/26130879
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The answer is <u>"120 skiers per day".</u>
On average, 1,200 skiers in the village
On average, skiers stay in lavilla for 10 days
how many new skiers are arriving = ?
Applying Little's Law,
Flow Rate = Inventory / Flow Time
= 1200 skiers / 10 days
= 120 skiers per day
Answer:
d. Rise in price of alcohol
Explanation:
Change in Quantity demanded occurs due to change in Price. Change in Demand happens due to factors other than price - Income, Substitute & Complementary good's price, Taste.
Change in alcohol demand - due to substitute Cigarette price change , Change [Decrease] in alcohol demand - due to change in taste based on anti drinking sentiments, higher risk of alcohol liver cirrhosis , Change [Increase] in alcohol demand - due to change [rise] in Income : These all are due to factors other than price & hence are 'Change in Demand'
Rise in price of Alcohol leads to 'Change [Expansion] in Quantity Demanded' due to price change [rise] .
