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mylen [45]
3 years ago
13

Within the music industry, four companies (UMG, Sony-BMG, EMI, and Warner) control 90 percent of the music you hear. The music i

ndustry operates in a(n) _____ market structure.
Business
1 answer:
Bond [772]3 years ago
5 0

Answer:

oligopoly

Explanation:

From the question we are informed about the music industry with four companies (UMG, Sony-BMG, EMI, and Warner) control 90 percent of the music you hear. In this case the music industry operates in

oligopolistic market structure. Oligopolistic market can be regarded as a market structure whereby there is small number of firms in the market and they have similar products/services to offer. In this market only few of the firms are ruling the majority of the Market, and there is little compitition.

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An investor owned a 100-acre parcel that contained several natural asphalt lakes. A construction company was erecting highways f
Leona [35]

Answer: Yes

Explanation:

The construction company is entitled to compensation because it has a property right to enter and remove minerals.

The investor gave the construction company the right to use the properties on the land, if anything would be done on the land, the construction company should be compensated because they bought the right to do business there. Since the owner granted them the sole right, they are entitled to the resources.

7 0
3 years ago
Suppose a central bank prevents an appreciation of its currency by intervening in the foreign exchange market and selling its cu
Mandarinka [93]

Answer:

c

Explanation:

Foreign exchange is the rate at which one currency is exchange for another currency

for example : $1 = N 382.50

If a currency appreciates, it value increases

e.g. if the dollar appreciates against the naira, the exchange rate becomes $1 = N 500

If the  central bank prevents an appreciation of its currency by intervening in the foreign exchange market and selling its currency for foreign currency, domestic money supply increases and aggregate demand decreases. this would lead to a reduction in the value of the currency

6 0
3 years ago
Geoffrey is waiting for raw materials to be delivered to his company. He had asked the suppliers to deliver the materials by 8:0
almond37 [142]

Answer:

Government policies specific to the entrepreneurs business is the answer. This is the only external factor.

Explanation:

5 0
3 years ago
Read 2 more answers
A tax of €1.00 per litre on petrol
Anni [7]

Answer:

The correct answer is option a.

Explanation:

If a tax worth €1.00 per liter on petrol is imposed it will create a tax wedge of €1.00 between the price the buyers pay and the price the sellers receive.

A tax wedge can be defined as the deviation from the equilibrium price and equilibrium quantity due to the imposition of taxes.

When a tax is imposed on a product, the consumer and producer both have to share the tax burden. The price paid by the consumers increases and the price received by gets reduced.

The quantity of product gets reduced as well.

3 0
4 years ago
At Crater Valley Manufacturing, workers are encouraged to find their own solutions to problems, and to implement their solutions
Marizza181 [45]

Answer:

a) Theory Y

Explanation:

Crater Valley Manufacturing has adopted the theory Y management approach.  Theory  Y proposes a participative management style, teamwork, and decentralization of the decision-making process. In the theory Y approach, managers encourage employees initiatives that will contribute to the success of the organization. Theory Y tries to match the organizations' objectives with the employees' aspirations.

<u>Some of theory Y assumption include</u>

  1. Employees have a natural tendency to work and play.
  2. Employees have self-direction and self-discipline in pursuit of organizational goals without external coercion or threats.
  3. An average person seeks and accepts responsibilities.
  4. Employee loyalty and commitment is as a result of job satisfaction and job reward.

5 0
3 years ago
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