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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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Brian Burkhardt is planning to purchase a home and expects to borrow $291,400 as a mortgage. He can get a 30-year mortgage at a

Vsevolod [243]

Brian Burkhardt's monthly payments for this mortgage would be equal to $1,423.92.

<h3>How to calculate monthly payment?</h3>

Mathematically, the monthly payment for a mortgage can be calculated by using this formula:

$M=P(\frac{r}{1-(1+r)^{-nt}} )$

Where:

P is the principal.

r is the interest rate.

M is the monthly payment.

t is the time in years.

n is the number of times it's compounded.

Note: r = 4.10 = 0.041/12 = 0.0034

Substituting the given parameters into the formula, we have;

$M=291400(\frac{0.0034}{1-(1+0.0034)^{-12\times 30}} )\\\\M=291400(\frac{0.0034}{1-0.3402} )\\\\M=291400(\frac{0.0034}{0.6598} )\\\\M=291400 \times 0.004887$

M = $1,423.92.

Read more on monthly payment here: brainly.com/question/2151013

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4 0

2 years ago

Assume yourself as a Marketing Specialist of a Company and Determine the New Product Development Process by manufacturing a New

Gwar [14]

Explanation:

Assuming my company produces body care products and decides to introduce a new product–a toothbrush, the development process would involve:

1. Idea Generation:

It smbegins with an idea or imagination of what the ideal toothbrush would be, what problem would it solve for consumers. The idea could be random or it could be as a result of an identified need.

2. Idea Evaluation:

Remember, it is one thing to have an idea but another to have an idea that would work. Therefore, quality time would be taken to separate workable ideas about the ideal toothbrush from bad ones. This idea evaluation process is a very useful stage in the product development process.

3. Concept Development and Testing:

Remember, testing the concept about the new toothbrush allows for an expanded idea. The prototype of the toothbrush would be tested with consumers to find out whether the idea is worth the effort. Their feedback would be noted to improve the product further.

4. Marketing strategy

5. Final Product development

6 0

3 years ago

Because of its effect on the amount of capital per worker, in the short term an increase in the working population is likely to

Tamiku [17]

Answer:

The correct answer is letter "B": reduce productivity. Other things the same, this decrease will be larger in a poor country.

Explanation:

Labor productivity measures the units a worker can produce per hour. Capital, technology, and human development influence the labor productivity employees could have. Poor countries are characterized by having low investments. If the labor force increases but the capital remains stagnant, the level of productivity is likely to fall since there is a surplus in labor hand.

3 0

3 years ago

Panda Inc. had total sales of $24,000 from bamboo bowls in 2017. The company sold 6,000 units of bamboo bowls and the total vari

xxMikexx [17]

Answer:

Contribution percent = 75%

Explanation:

Given:

Total sales = $24,000

Total Variable cost = $6,000

Total units = 6,000

Contribution percent = ?

Computation of Contribution :

Contribution = Total sales - Total Variable cost

Contribution = $24,000 - $6,000

Contribution = $18,000

Computation of Contribution percent :

Contribution percent = Contribution / Total sales

Contribution percent = 18,000 / 24,000

Contribution percent = 0.75

Contribution percent = 75%

8 0

3 years ago

According to the table, if the interest rate on this account were 10 percent, how much money would you have in the account at th

Sergio [31]

You would have $10.50 just double the rate

3 0

3 years ago