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3 years ago

What power does a market leader in an oligopoly have

Business

2 answers:

s2008m [1.1K]3 years ago

6 0

Oligopoly a market structure in which a few late firms dominate a market.

mrs_skeptik [129]3 years ago

5 0

Answer:

The correct answer is a combination of many powers.

Explanation:

To begin with, an oligopoly is a type of market where a few number of competitors dominate that market. However, those competitors tend to be so agressive with each others due to the fact that a low performance from one can benefit the other in a huge way, therefore that this type of market is characterized for the differentation of the products or services and for the huge publicity they do.

Secondly, it is huge the number of powers that a market leader has in this type of market, examples of that is the fact that the leader tends to have a great differentation in its product and loyalty from the customers, therefore a big price in the product is no problem for the clients that still buy to that company and therefore obtain a great benefit from that. Furthermore, the fact that few companies are in the market benefit the situation where all of them may not try their best at the time of providing their service or product to the clients.

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if we sell pizzas for $11.99 and our business' variable costs are 60% of the selling price, and we have fixed costs of $21,000 e

Daniel [21]

Answer:

4375 pizzas have to sell to breakeven.

Explanation:

Given:

If we sell pizzas for $11.99 and our business' variable costs are 60% of the selling price, and we have fixed costs of $21,000 each month.

Now, to find pizzas to sell to breakeven.

Fixed costs = $21,000.

Sale price = $11.99.

Variable costs:

60% of the selling price.

$60\%\ of\ 11.99\\=\frac{60}{100}\times 11.99 =0.6\times 11.99\\=\$7.19.$

Now, to get the number of pizzas to sell to breakeven we put formula:

Breakeven = Fixed Costs ÷ (Sale price – Variable costs )

$Breakeven=21,000\div (11.99-7.19)$

$Breakeven=21,000\div 4.8$

$Breakeven=4375.$

Therefore, 4375 pizzas have to sell to breakeven.

3 0

3 years ago

The supervisor of an automated teller machine (ATM) facility learns that the machine is not functioning efficiently because it u

quester [9]

Answer:

E) The supervisor should identify and define the type of update needed.

Explanation:

The 5 stages of the organizational decision buying process are:

Awareness and recognition
Specification and research
Request for proposals
Evaluation of proposals
Order and review process

The supervisor already passed stage 1 since he/she realized that their was a problem and it must be solved. The supervisor is currently in stage 2 since he/she must identify what type of software update is needed. The supervisor should try to be the most specific as possible including all the technical details that he/she is aware of.

8 0

3 years ago

Pauline wants to develop a line of flatware and pottery. She is experimenting with various names and symbols to develop a tradem

skad [1K]

You’re answer would be B love

4 0

3 years ago

In which condition is it an advantage when group incentives encourage competition between groups of employees?

padilas [110]

It is an advantage when group incentives encourage competition between groups of employees when groups try to outdo one another in satisfying customers.

Competition is uncertainty about how to ensure survival. Competition can occur between entities such as organisms, individuals, and economic and social groups. Rivalry is about achieving unique goals such as visibility, leadership, market share, niche, scarce resources, or territory.

Competition, most commonly viewed as the interaction of individuals competing for a finite common resource, is the direct or indirect interaction of organisms that results in changes in fitness when they share the same resource. can be defined more broadly as a dynamic interaction.

There are four kinds of competition in a loose marketplace machine: perfect opposition, monopolistic competition, oligopoly, and monopoly.

The four key characteristics of perfect competition are: (1) a huge wide variety of small companies, (2) equal merchandise offered by all firms, (three) perfect resource mobility or the liberty of entry into and go out out of the enterprise, and (4) perfect information of costs and generation.

Learn more about competition here :- brainly.com/question/25717627

#SPJ4

5 0

1 year ago

Read 2 more answers

the five mission areas outlined in the national response framework are prevention, protection, mitigation, response, and _______

IgorLugansk [536]

Answer:

recovery

Explanation:

There is one framework for each of the five mission areas wich are Prevention,protection, mitigation,response, and Recovery

Hope this helped you!

8 0

2 years ago