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
Scilla [17]
3 years ago
12

If the marginal cost for oligopolies or cartels suddenly fell due to a new technology, then these firms would also be forced to

cut their prices.A. This is a true statement.B. This is a false statement.C. This is a true statement and the ATC would also fall.D. None of the above.
Business
1 answer:
Natasha2012 [34]3 years ago
6 0

Answer: The correct answer is "B. This is a false statement.".

Explanation: If they are companies that compete with each other, depending on the behavior of each one, it will be determined whether or not they are forced to lower prices. But if it is a cartel which colludes for the benefit of all, surely companies would choose to keep prices at the same level since, having a lower cost, would imply a greater benefit.

You might be interested in
Sal and Jen went to the store together, and each bought the same car stereo. Sal used a card to make the purchase, and the full
Irina18 [472]
<span>Because Sal paid for the purchase in full at the time he bought the car stereo, his total at the time was $442.00. Jen bought the same identical car stereo and her payments of $21.30 a month for 18 months equaled $383.40. Add to this total $58.60 in interest and the final total would be $442.00.</span>
4 0
3 years ago
What problems has russia experienced in switching from a state-controlled to a free market economy?
Papessa [141]

Answer: Russia experience sever economic crisis

Explanation:

A free market system is one in which the cost and availability of products is determined by the forces of demand and supply. There is no or negligible government intervention in the functioning of the economy. When Russia transformed from being a state controlled system to a market oriented system, it lead to enormous corruption and economic crisis.

8 0
3 years ago
I................................
asambeis [7]

Answer:

u..............................

6 0
3 years ago
Ramon has been appointed the manager of a retail store. He wants to bring the store into the modern era and direct its future by
nika2105 [10]

Answer:

C.  install mannequin robots to display clothes

Explanation:

Among the offered answers, a truly avantgarde, modern approach is <u>to implement robot mannequins in the store.</u> With this tactic, customers would be incentivized to approach this innovative customer journey. Through pioneering this technique, Ramon's company would get a competitive advantage through visual merchandising.

6 0
3 years ago
Although appealing to more refined tastes, art as a collectible has not always performed so profitably. Assume that in 2015, an
xenn [34]

Answer:

-3.41%

Explanation:

The computation of the annual rate of return is shown below;

We use the formula:

Future value = Present value × (1 + rate of interest)^number of years  

$10,710,500 = $12,738,500 × (1 + rate of interest)^5

($10,710,500 ÷ $12,738,500)^(1 ÷ 5) = (1 + rate of interest)

(1 + rate of interest) = 0.965913622

r = (0.965913622 - 1) × 100

= -3.41%

3 0
3 years ago
Other questions:
  • On May 3, 2014, Eisler Company consigned 80 freezers, costing $500 each, to Remmers Company. The cost of shipping the freezers a
    15·1 answer
  • What is the primary function of financial institutions in the economy?
    8·1 answer
  • If marginal cost is greater than average total cost, then
    7·1 answer
  • Bed &amp; Bath, a retailing company, has two departments, Hardware and Linens. The company’s most recent monthly contribution fo
    13·1 answer
  • Which is an example of thinking at the margin? A. figuring out what you will give up and what you will gain by hiring a new work
    15·2 answers
  • Which economist theorized that depression will occur when the economic cycle is broken?
    7·1 answer
  • Randa is trying to lower the vacancy rates for the commercial property she manages because her revenue targets will increase by
    6·1 answer
  • People who are part of the project team need to understand project management because they Multiple Choice Need to understand th
    7·1 answer
  • What is the main difference between a market and a command economy?
    7·1 answer
  • What are the three element of business equipment and resource?<br>​
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!