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shusha [124]
3 years ago
9

The term oligopoly indicates Multiple Choice a one-firm industry. many producers of a differentiated product. a few firms produc

ing either a differentiated or a homogeneous product. an industry whose four-firm concentration ratio is low.
Business
1 answer:
NeTakaya3 years ago
7 0

Answer:

a few firms producing either a differentiated or a homogeneous product.

Explanation:

The world Oligopoly comes from Ancient Greek, and literally means "few sellers".

An oligopoly is therefore a market structure in which there are only a few sellers. These sellers can provide either a similar product, or differentiated products.

For example, the world market for smartphones is an oligopoly dominated by Apple, Samsung, and Huawei. These three companies offer the essential same product: a smartphone, but each one tries to distinguish itself in some way. Apple provides brand, prestige, and luxury, Samsung reliability a different operating system, and Huawei, cheaper lines for lower income people.

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A ________ rate means the value of the currency is fixed relative to a reference currency and then the exchange rate between tha
Harlamova29_29 [7]

Answer:

Pegged exchange rate system

Explanation:

In the pegged exchange rate system, a country ties its currency exchange price to that of a more widely used currency at a fixed rate. The US dollar is the most accepted currency for international trade. Countries that use the fixed exchange system peg their currency price to the US dollar.   The government will set a  fix the exchange rate of its currency relative to the US dollar value.

A pegged exchange rate is also known as a fixed exchange rate. A pegged or fixed exchange rate keeps the currency value within a narrow range. It gives certainty to exporters and importers and helps the government to keep inflation low.

4 0
4 years ago
Read 2 more answers
Vaughn Manufacturing incurred the following costs for 84000 units: Variable costs $504000 Fixed costs 392000 Vaughn has received
kirill [66]

Answer: $9.80

Explanation:

The unit price to earn $5000 on the order will be calculated thus:

The variable costs for 2500 units will be:

= 504000/84000 × 2500

= 15000

The unit price will now be:

= (15000+4500+5000) / 2500

= 24500 / 2500

= $9.80

The unit price is $9.80

5 0
3 years ago
List the steps of the decision making process.
crimeas [40]
<span>Step 1: Identify the decision. You realize that you need to make a decision.
Step 2: Gather relevant information.
Step 3: Identify the alternatives.
Step 4: Weigh the evidence.
Step 5: Choose among alternatives.
Step 6: Take action
<span>Step 7: Review your decision & its consequences.</span></span>
6 0
3 years ago
In 2009, Mississippi Valley Silica Company was ordered to pay a plaintiff $9 million because the court ruled that it sold sand t
andriy [413]

Answer:

The $9 million recovery is an example of <u>Civil Law</u>.

Explanation:

We know that civil law is a body of rules that defines and protects the private rights of citizens. It also offers legal remedies that may be sought in a dispute, and covers areas of law such as contracts, torts, property and family law.

It deals with behavior that constitutes an injury to a person or other private party, such as a corporation.

Since workers rights are violated as they using the sand on a regular basis would expose a worker to a form of cancer, and Mississippi Valley did not alert those who bought the sand about the risk.

Therefore, the $9 million recovery is an example of <u>Civil Law</u>.

8 0
3 years ago
The Shady Farm Milk Company can process milk at a fixed rate of 7,200 gallons/hour. The company’s clients request 91,000 gallons
kogti [31]

Answer:

62,200 gallons of milk are still at the queue to be processed by noon

Explanation:

Step 1: Determine quantity of milk processed by noon

Quantity of milk=processing rate per hour×number of hours

where;

processing rate=7,200 gallons/hour

number of hours=8 am-noon, 12-8=4 hours

replacing;

Quantity of milk=(7,200×4)=28,800 gallons

The quantity of milk processed by noon=28,800 gallons

Step 2: Determine total quantity of order

Total quantity=91,000

Step 3: Determine remaining quantity to be processed at noon

Remaining quantity=total quantity-quantity already processed by noon

where;

total quantity=91,000

quantity already processed by noon=28,800

replacing;

Remaining quantity=(91,000-28,800)=62,200 gallons

62,200 gallons of milk are still at the queue to be processed by noon

6 0
4 years ago
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