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vaieri [72.5K]
2 years ago
13

Whats the meaning of oligopoly and monopoly market structure​

Business
2 answers:
leonid [27]2 years ago
6 0
Oligopoly is a market structure with a small number of firms, none of which can keep the others from having significant influence. A monopoly is one firm, a duopoly is two firms and an oligopoly is two or more firms.
taurus [48]2 years ago
6 0

Answer:

Oligopoly is a market structure with a small number of firms, none of which can keep the others from having significant influence, whereas monopoly is one firm, a duopoly is two firms and an oligopoly is two or more firms.

Explanation:

got it from class with help from investopida

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A minimum wage is an example of a price floor or minimum price that must be paid. If effective, such a price floor would be ____
valkas [14]

Answer:

If effective, such a price floor would be <u>above</u> the market price and would lead to a <u>excess supply</u>.

Explanation:

A price floor can be described as a price control in which the minimum price to be charged for goods and services is imposed by a government or a group.

For a price floor to be effective and binding, it has to be set above the market or equilibrium price. This is because a price floor will neither be effective nor nonbinding when it set below the equilibrium price.

Any price above the equilibrium or market price creates or leads to excess supply. Excess supply is a situation whereby quantiy of commodity supplied is more than the quantity demanded of the commodity.

Based on the above explanation, if effective, such a price floor would be <u>above</u> the market price and would lead to a <u>excess supply</u>.

3 0
3 years ago
Your team leader puts a suggestion box in the break room. At team meetings, he lists all the reasons why the suggestions can't b
elena-14-01-66 [18.8K]
Hold on let me go do my research I’ll brb .
4 0
3 years ago
Cotton was once georgia's most valuable crop. today it is less important to georgias economy than peanuts, tobacco, and corn. th
Shkiper50 [21]
Georgia booming industry in business sector particularly in Atlanta where it is housed as the International headquarters of facilities of 43 different countries.  The industry that gave $23B per capita is the air transport industry. Atlanta dubbed as the busiest airport in the world.
3 0
3 years ago
Which one of the below is the MAJOR responsibility of a businessperson:
igomit [66]

Answer:

B) Making the value of the company increase by generating increasing revenues and profits

Explanation:

The main responsibility of a manager is to increase the company's value in order to increase the wealth of its owners. Of course this should be done in a legal way, e.g. a drug lord that makes millions can't be considered a good businessperson. The responsibility of a manager do not end there, they also have a duty with all the stakeholders of the company, starting with the employees, the government, the environment, their customers, and society as a whole.

4 0
3 years ago
One result of earnings management is:a.It brings into question the quality of earningsb.It uses a non-GAAP financial measure to
HACTEHA [7]

Answer:

The correct answer is A. It brings into question the quality of earnings.

Explanation:

It will be taken as management to the action of administering in the most efficient way to that profit that we obtained. When talking about efficiency, it points to the idea that money made up of profit must be spent intelligently.

To understand that not all money from a profit must be spent on personal matters. This does not mean that a certain part is not destined for it, because otherwise there will be no motivation to generate profit on a personal level. That is why it is important to know how to distribute the profit obtained in the most intelligent way possible. For this you only have to allocate 60% (the percentage is estimated the same can vary), to spend the money of a profit on personal expenses. Then one wonders what will happen with the remaining 40% (estimated percentage)? This is where intelligence comes in to manage the profit, this percentage must be used for reinvestment and also to form a contingency fund. This seeks to generate a multiplier effect of the capital earned and also form a "cushion" (savings) for when things are not right.

This type of profit management can be applied either at the company level: where part of the profit is reinvested to grow the business. And in turn it forms a contingency fund for any mishap that can be generated over time.

4 0
3 years ago
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