General admission tickets are $287.50 each and grandstand tickets are $311.25 each
Answer:
0.8
Step-by-step explanation:
= 1 - 0.2
= 0.8
that's the answer above
Hello!
We use formulas to find the areas of different shapes. The formula for the area of a triangle is:
1/2 bh
These means that you must multiply the base by the height and then divide it by two.
Good Day!
Answer:
C
Step-by-step explanation:
If I am understanding the question, it is just asking what the possible choices are, and how many of each.
Answer:
The profits for firma A and B will decrease.
Step-by-step explanation:
Oligopoly by definition "is a market structure with a small number of firms, none of which can keep the others from having significant influence. The concentration ratio measures the market share of the largest firms".
If the costs remain the same for both companies and both firms decrease the prices then we will have a decrease of profits, we can see this on the figure attached.
We have an equilibrium price (let's assume X) and when we decrease a price and we have the same level of output the area below the curve would be lower and then we will have less profits for both companies.