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Finger [1]
3 years ago
11

An oligopoly exists when a firm offers a product that has no close substitutes, making the firm the sole source of supply.

Business
1 answer:
Mademuasel [1]3 years ago
4 0

Answer:

B) False

Explanation:

That would be a monopoly (only one supplier).

An oligopoly is a market where there are very few suppliers, and competition is very limited since the barriers to entry are very significant.

For example, the automobile industry is an oligopoly. There are only a few car manufacturers in the world, and they all are very large corporations. It costs hundreds of millions of dollars to introduce a new car model, and every time that happens, the corporations must carry on expensive advertising and promotional campaigns.

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If the MPC is 0.75 and there are no crowding-out or accelerator effects, then an initial increase in aggregate demand of $100 bi
umka21 [38]

Answer:

c. $400 billion

Explanation:

Calculation to determine what an initial increase in aggregate demand of $100 billion will eventually shift the aggregate demand curve to the right

First step is to calculate the GDP Multiplier

Using this formula

GDP Multiplier=1/(1-MPC)

Let plug in the formula

GDP Multiplier=1/1-0.75

GDP Multiplier=1/0.25

GDP Multiplier=4

Now let determine the shift in aggregate demand curve

Shift in aggregate demand curve=4*100 billion

Shift in aggregate demand curve= $400 billion

Therefore an initial increase in aggregate demand of $100 billion will eventually shift the aggregate demand curve to the right by $400 billion

5 0
2 years ago
Dallas Company uses a job order costing system. The company's executives estimated that direct labor would be $3,360,000 (240,00
makkiz [27]

Answer:

Estimated manufacturing overhead rate= $6.42 per direct labor hour

Explanation:

Giving the following information:

The company's executives estimated that direct labor would be $3,360,000 (240,000 hours at $14/hour) and that factory overhead would be $1,540,000 for the current period.  

Using direct labor hours as a base, what was the predetermined overhead rate?

Estimated manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Estimated manufacturing overhead rate= 1,540,000/240,000= $6.42 per direct labor hour

5 0
3 years ago
All of the following criteria serve as a valid basis for identifying potential projects in most organizations EXCEPT: ​
Slav-nsk [51]

Answer:

d. internal politics

Explanation:

Considering all the options given

Option a technological advance is a valid basis for identifying potential projects in most organizations as it may be the key driver for the profitability of a project. An investment in a technology that becomes or is obsolete would most likely result in a loss.

Option b environmental consideration is also a valid basis for identifying potential projects as a company's reputation may be jeopardized if a project is not environmentally friendly

Option c social need is also a valid consideration as the need of the consumer may determine the viability of a project.

Internal politics option d is is the only option that does not influence the viability of a project.

4 0
3 years ago
Which scenarios can be considered effects of Sole Sister Shoe Store choosing to sell dress shoes over sneakers?
Harlamova29_29 [7]

I believe the answer is:

High school athletes stop shopping there.


The inventory of sports socks goes unsold.

High school athletes tend to need the type of shoes that help in their mobility and tend to posses high level of endurance. These characteristics do not exist in Dress shoes. When high school athletes stop buying their shoes on the store, the number of stocks in the inventories tend to stay stagnant since it could not find customers.

6 0
3 years ago
Read 2 more answers
Kijijo Auctions runs an online auction company. Its end-of-year financial statements indicate the following results. Total asset
katrin [286]

Answer:

40%

Explanation:

Total assets. $240,000

Less total liabilities ($130,000)

$110,000

Less common stock ($24,000)

Retained earnings at end $86,0000

Less Retained earnings at the beginning ($29,000)

Addition to retained earnings $57,000

Add dividends $6,400

Net profit earned $63,400

Add expenses $94,000

Revenue. $157,400

Therefore, company's net profit margin expressed as a percentage = Net profit earned / Revenue

= (63,400/157,400) × 100

= 40%

6 0
3 years ago
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