Pure Competition: A very huge number of firms; uniform products; no rent controls: price takers; no entry barriers; no un-price competition.
Oligopoly: Few companies; uniform or distinguished goods; price controls constricted by mutual interdependence: a great deal of anti-price competition, especially product difference.
In each case, Oligopoly and pure competition differs.
- Supermarkets in hometown - Oligopoly is correct; Supermarkets in every area are few in the total amount.
- Steel industry - Oligopoly is correct; Companies are few; their goods are somewhat standardized.
- Kansas wheat farm - Pure Competition is correct; there is no price control; there is no non-price competition.
- Commercial bank - Oligopoly is correct; the facilities are as distinct as the bank can help them look.
- Automobile industry - Oligopoly is correct; Imports made the industry more competitive in the past two years, dramatically increasing American automakers ' market power.
Answer:
Explanation:
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Answer:
True
Explanation:
The reason is that every person in the society must act in accordance to a better ethical principles that assist him to act as good social being. So it doesn't who you are, you might be a doctor, an engineer, teacher, etc. you have to act in the best interest of the people and this is ethics. This rule applies to all of the society to act as a good resident of state.
Answer:
Option D (linear) is the right approach.
Explanation:
- The scatter graph seems to be a graphic method to determine the relationship regarding expense and degree of operation. It could be used to evaluate the expense behavior of adjusting this same degree of operation.
- It is being used to verify the system suitability or linearity statement that is true.
Some other decisions taken are not relevant to the situation in question. Although it is indeed the best option.
Answer:
The recent loss of 440 manufacturing jobs at Ford Australia has generated a lot of debate about the long-term viability of the Australian car industry, and manufacturing in general. This debate has included arguments that manufacturing is important and needs more government support. It has also seen some commentators argue that Australian’s have no right to expect jobs in manufacturing.
While most of this debate has focused on the automotive manufacturing sector, there is a wider question that needs to be answered. This relates to the issue of whether it is feasible for an advanced economy to grow and prosper without a manufacturing sector?
Explanation: