The marginal revenue curve of an oligopolist begins to decline after 500 units of output. Which type of oligopoly does Sweezy's company most likely operate under?
A market system known as an oligopoly occurs when a small number of important sellers or manufacturers dominate a market or an industry (from the Greek words oligos, "few," and v, polein, "to sell"). The result of corporate cooperation to boost profits is typically oligopoly. Numerous industries have been identified as being oligopolistic, including commercial aviation, power providers, telecommunications companies, rail freight markets, food processing, funeral services, sugar refining, beer production, pulp and paper manufacture, and auto manufacturing. Because of the decreased competition, consumer prices would increase and labour earnings will decrease.
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Two taxi companies scenario does not describe a competitive market, this is because the companies are just two, for a market to be competitive it must have numerous companies offering identical products. The pharmaceutical company scenario is not an example of a competitive company because it is the only one involve in the market and the product been market is just one, a competitive market normally involve many companies. The college and algebra companies scenario describe competitive market because there are many companies that offer basically identical services and the clients can choose from any one of them. The companies have to put in extra work to win customers for themselves.
Answer:
the annual dividend on the preferred stock is $60,000
Explanation:
The computation of the annual dividend on the preferred stock is shown below:
= Number of shares × par value per share × dividend percentage
= 8,000 shares × $125 × 6%
= $60,000
Hence, the annual dividend on the preferred stock is $60,000
We simply applied the above formula and the same is relevant
<span>In the five forces model, the more that companies compete against one another for customers, the lower the level of profits is likely to be for that industry.</span>
I could be either the price or the products
