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Ber [7]
3 years ago
14

Assume the firms operating in an oligopolistic market experience a relatively small change in marginal costs. According to the k

inked demand curve model this would: A) cause a large change in the profit-maximizing level of output. B) leave the equilibrium price unchanged. C) cause the profit-maximizing level of output to change by the same amount and in the same direction. D) cause the profit-maximizing price to change by the same amount but in the opposite direction.
Business
1 answer:
leonid [27]3 years ago
3 0

Answer:

B) Leave the equilibrium price unchanged.

Explanation:

Oligopolistic market is the arrangement where few companies offer same product to the customers. There is very less competition in the market so every supplier has fair chance for operating their business successfully. The kinked demand model curve in oligopolistic market would leave the equilibrium price unchanged.

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On her way to a concert, Hermione stopped at a restaurant for dinner. In her purse, she had 12 bills worth a total of $40. She h
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The correct statement will be that the maximum number of $5 bills that can be in Hermione's purse will be 7. So, the correct option that matches the statement is D.

The number of bills of $5 are seven, as Hermione also has at least one bill of $1.

<h3>Calculation of bills. </h3>

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3 years ago
List the advantages and disadvantages of a Small Business:
natulia [17]

Answer:

Kindly check explanation

Explanation:

Small businesses may be defined based on various criteria ranginging from the size of running capital, number of employees and even customer base. What is obvious is that most small business require very little capital, limited number of employees and small market size. Small businesses offers the following advantages :

Financial liberty which affords it's doers the ability to cater for themselves or buttress on their initial EARNING.

INCREASED RESPONSIBILITY : Business owners take absolute charge of business decisions thereby broadening their scope and offering more independence and greater control.

Another advantages of having a small business is the fact that efforts and commitment put into the sustenance and growth of the business will be duly reaped by the owner. Rather than having to work for someone else to earn a greater portion of the return.

However, it also has its disadvantages which ranges from :

Exposure to financial risk arising from business collapse such that one has to deal with the burden alone.

The effort put in to keep business aloft may become overwhelming due to lack of adequate employees which may result in health impairment.

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Tesla crafts imitation dream catchers in her spare time. her father constantly encourages her to sell them on ebay. when she fin
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