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2 years ago

The market structure in which the behavior of any given firm depends on the behavior of the other firms in the industry is

Business

1 answer:

igomit [66]2 years ago

7 0

Answer:

Oligopoly.

Explanation:

The market structure in which the behavior of any given firm depends on the behavior of the other firms in the industry is oligopoly.

An oligopoly can be defined as a market structure comprising of a small number of firms (sellers) offering identical or similar products, wherein none can limit the significant influence of others.

Hence, it is a market structure that is distinguished by several characteristics, one of which is either similar or identical products and dominance by few firms.

The characteristics of an oligopolistic market structure are;

1. Mutual interdependence between the firms.

2. Market control by many small firms.

3. Difficult entry to new firms.

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What is the one major category that separates national debt from public debt?

sergiy2304 [10]

D. Debt held by other government agencies

National debt and public debt are same but public debt includes debt held by individuals, local or state governements, federal reserve banks and other entities.

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2 years ago

Preston Products provides the following data for the year: Actual production and sales for the year 195 units Budgeted productio

svetlana [45]

Answer:

A. $60,000 U

Explanation:

Given that

Budgeted fixed cost = 540,000

Actual fixed cost = 600,000

Recall that,

fixed overhead flexible-budget variance = Actual amount - standard (budgeted) amount

Thus,

Variance = 600,000 - 540,000

= $60,000 Unfavorable

It is unfavorable because the actual cost is higher than the budgeted cost. When actual cost is less than budgeted cost, it is favorable.

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2 years ago

Read 2 more answers

Mcmurtry Corporation sells a product for $250 per unit. The product's current sales are 13,600 units and its break-even sales ar

timofeeve [1]

Answer:

22%

Explanation:

Margin of Safety is the amount by which sales can fall before making a loss.

Margin of Safety = Expected Sales - Break-even Sales ÷ Expected Sales

= (13,600 - 10,608) ÷ 13,600

= 0.22 or 22%

8 0

2 years ago

Paragon Company

lesantik [10]

Answer:

Step 1: Identify and define the problem

Explanation

This is the first goal to achieve for the company in order to select an alternative upon a rational decision-making process.

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3 years ago

Concord Corporation has several outdated computers that cost a total of $18000 and could be sold as scrap for $6000. They could

DanielleElmas [232]

Answer:

$18,000

Explanation:

Sunk costs refers to a cost that has been expended and cannot be recovered or recouped.

With regards to the above, $18,000 was expended concord by corporations to purchase computers hence cannot be recovered. Therefore, it is a sunk cost.

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2 years ago