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3 years ago

Which of the following is not part of an oligopolist's business strategy?

Business

1 answer:

slamgirl [31]3 years ago

8 0

Answer: independently setting a product's price without consideration of its rivals' pricing policies

Explanation: A business strategy is a plan drafted which enables an entrepreneur to succeed in a business he is about to venture into.

An oligopolistic market is a market that has few sellers and multiple buyers, with the sellers fixing any price they want for their products sold because of lack of business competition.

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Suppose that during the past year, the price of a laptop computer rose from $2,750 to $2,880. During the same time period, consu

icang [17]

Answer: Elasticity of demand is 7.06

Explanation:

P1= $2,750

P2=$2,880

Q1=446,000

Q2=321,000

$Elasticity = \frac{Q2 - Q1}{\frac{Q1 + Q2}{2} } * \frac{\frac{P1 + P2}{2} }{P2 - P1}$

$Elasticity = \frac{321,000 - 446,000}{\frac{446,000 + 321,000}{2} } * \frac{\frac{2750 + 2880}{2} }{2880 - 2750}$

$Elasticity = \frac{-125,000}{383,500} * \frac{2815}{130}$

$Elasticity = - 0.3259*21.6598$

Elasticity = -0.76

Thus, elasticity of demand for laptops is 7.06. This means that laptops are highly price elastic as it is greater than 1.

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3 years ago

Brazil has a population of about 210 million, with about 150 million over the age of 15. Of these, an estimated 25 percent, o

kvasek [131]

Answer:

B. Since the development of human capital is an important determinant of economic growth, Brazil's literacy and reading rates suggests its potential economic growth rate is lower.

Explanation:

According to the New Growth Theory, it is both human desire and capital the factors that drive economic growth the most.

A literate population that does not read a lot means a lower level of human capital for Brazil, which in turn means that Brazil has a lower potential for economic growth. In order to increase economic growth, the Brazilian government should promote readership among its population.

3 0

3 years ago

A Texas household receives a Social Security check for $1500, which it uses to purchase a $40 pair of shoes made in Thailand by

rewona [7]

Answer:

Shoes from the Thai and korean firm is part of imports

Imports=40+1240=1280

Domestic consumption=220

Security check is part of government spending=1500

GDP=1500+220-1280=440

6 0

3 years ago

You're on a social media team for a outdoors brand called Appalachia. They've decided to revitalize their Pinterest account and

Lapatulllka [165]

Inbound marketing is the process of coordinating and facilitating potential customers to find a particular company.

An outdoor brand called Appalachia can revitalize its Pinterest account and engage its customers on the platform by streamlining content creation:

Inbound marketing emphasizes building enduring and dependable relationships with your customers and attracting newer customers in an organic way.
Inbound marketing works according to three principles: attract, engage, and delight.
The company and its social media team would not only involve themselves in revitalizing their Pinterest account by making it more appealing and attractive to potential customers.
It should be equally invested in engaging with the customers through the process of content creation.
This could mean presenting insights into ways in which the customer chooses to buy from the company and prioritizes the particular company over other options.
Product promotions are one way in which, using multimedia channels coupled with regular posting on the platform, customers can be attracted and engaged with.
Content creation tools like trends, hashtags, social media marketing, and streamlined posts can be utilized for this objective.

Therefore, inbound marketing can greatly benefit from a streamlined content creation process that attracts and engages a sustained customer base of a company.

Learn more about content creation here: brainly.com/question/26476622

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3 0

1 year ago

define a stock market bubble, describe what happens after a bubble, and explain how the law of supply and demand creates both bu

Stells [14]

Answer

A bubble is a phenomena in investing that occurs when investors increase their demand in assets so much that they cause the price to move to a value beyond accurate reflection of its actual worthiness. When a bubble happens, the prices of stock will fall rapidly.When there is increase in the share price of stock rapidly caused by individual-perpetuating, the share value can rise beyond asset value making investor to withdraw their money faster because supply will exceed demand and cause share price to fall.

An increase demand on assets by investors will make the price to increase beyond rational economic value. The real worth of the stock will now be determined by firm’s performance. Investing in bubble can appear to last forever, but because they are formed by self-perpetuated reasons, they eventually fall and the money that was invested into them is lost. In such cases, investors would run to withdraw their money and avoid the loss of fall in share prices.

8 0

3 years ago