Explanation:
this is easy to understand and even to answer so if I tell u the answer
how will u learn to do things yourself. By me being a business Woman i learn't that in order to gain sumthing in life u have to do it yourself
No thats considered a desent score. Keep up the good work
The correct answer to this open question is the following.
Although there are no options attached we can say the following.
An oligopoly can cause market failure because companies that form the oligopoly do not allow other companies to enter and compete in the market. This action limits consumers to choose from a variety of options, including quality, the best price, and service.
Often, oligopoly associates the strongest or more powerful companies in order to wipe out other minor competitors. They want to establish a dominant presence that affects prices and consumers participation.
Oligopoly practices result in inefficiency and instability in the market. That is why oligopolies are not good for the economy.
The automobile industry is mostly associated with an oligopoly.
When a market is controlled by just a few numbers of companies, but none of them is above the others, we are talking about an oligopoly. They can collude intentionally or not, to establish prizes and to not let other companies compete with them.
Answer:
cottage industry is a small-scale, decentralized manufacturing business often operated out of a home rather than a purpose-built facility
Explanation:
Answer:
$269,158.88
Explanation:
The computation is shown below:
Before the difference of the amount, first we have to determine the value of the wine after one year which is shown below:
= $2,400,000 + $2,400,000 × 10%
= $2,400,000 + $240,000
= $2,640,000
And, the interest rate is 7%
Plus the additional cost is $360,000
So, the value of the wine now is
= ($2,640,000 - $360,000) ÷ (1 + 0.07)
= $2,130,841.12
So, the difference is
= $2,400,000 - $2,130,841.12
= $269,158.88
