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Alchen [17]
3 years ago
6

Sometimes reactions to prices in oligopolistic markets can result in _________, which occurs when two or more firms compete prim

arily by lowering their prices.A. a recessionB. a price warC. a lawsuitD. a profit-oriented strategyE. a competitor-oriented strategy
Business
1 answer:
Ray Of Light [21]3 years ago
3 0

Answer:

B. a price war

Explanation:

A price war -

It is the type of competition between the company selling the similar type of product , or rival companies who tries to reduce the price of the product strategizing in a way to apprehend the wider area of the market , is known as a price war .

Reduction of the price of any goods or commodity is considered to be one of the best method to increase its market share ,

because as soon as the price of any good decreases , the sales automatically increases , as the consumers are always in search of some discounts and good deals .

A price war can be short term , as well as long term .

You might be interested in
Pay for knowledge programs:
barxatty [35]

Answer:

D. base an employee's salary on the number of task skills he or she possesses.

Explanation:

Pay for knowledge programme as the name implies, is when an employer renumerate an employee for learning or developing new skills/task on the job.

If an employee develop new skills while working and then get renumerated, this will make the employee get himself or herself acquainted with the company. In order words, the employee will go out of his way to improve his efficiency in terms of increase in productivity due to the new task skill gained.

In this reward system, the employer rewards the employee with payment increase for leaning new task and skills on the job which is beyond their regular activity.

4 0
2 years ago
Terra Corporation purchased equipment with a 10-year useful life and zero residual value for $100,000. At the end of the fourth
vazorg [7]

Answer:

Assets increase by $10,000

Total stockholders' equity increases by $10,000

Explanation:

Since in the question, it is given that, the purchase value of equipment is $100,000 and the exchanged value is $110,000

So, the difference of $10,000 ($110,000 - $100,000) would reflect that the assets would increase by $10,000 and the total stockholders' equity is also increased by $10,000

The exchange value is a combination of $70,000 in trade allowance and $40,000 was paid in cash

3 0
3 years ago
In response to a shortage caused by the imposition of a binding price ceiling on a market,
Margaret [11]

In response to a shortage caused by the imposition of a binding price ceiling on a market,

a. price will no longer be the mechanism that rations scarce resources.

b. long lines of buyers may develop.

c. sellers could ration the good or service according to their own personal biases.

A binding price ceiling is when the government or an agency of the government sets the maximum price of a good or service below the equilibrium price.

When price of a good is set below the equilibrium price of the good, the producer surplus would decreases and the consumer surplus would increase. This would lead to an excess of demand over supply. As a result, a shortage would occur. As a result of the shortage, black markets would occur.

To learn more about a price ceiling, please check: brainly.com/question/24312330

6 0
2 years ago
All of the following are characteristics of Weberian bureaucracy except:
azamat

Answer:

b. management is the same as the ownership of the organization.

Explanation:

Weberian bureaucracy is the term used for the bureaucracy concept introduced by Max Weber, the famous sociologist and economists. He clearly stated that for any kind of administration the basic need is to maintain some standard characteristics:

Which included hierarchy as basics, therefore, it clearly distinguished the management and ownership and both are on different hierarchy.

Therefore, the correct option is:

b. management is the same as the ownership of the organization.

6 0
3 years ago
Anne LLC purchased computer equipment (five-year property) on August 29 for $30,000 and used the half-year convention to depreci
notsponge [240]

Answer:

$1,728

Explanation:

To reach maximum depreciation expense we simply first compute the depreciation which is shown below:-

Depreciation = Purchased computer × Depreciation Rate

= $30,000 × 11.52%

= $3,456

Refer to the MACRS Table 1

Maximum depreciation expense = Depreciation × Half year convention

= $3,456 × 50%

= $1,728

Here we considered half year convention of equipment.

6 0
3 years ago
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