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Kitty [74]
3 years ago
11

g One of the main differences between an oligopolistic firm and a monopolistically competitive firm is that a monopolistically c

ompetitive firm Group of answer choices Faces a horizontal demand curve; an oligopoly does not Is relatively independent; an oligopoly is interdependent Has high barriers to entry; an oligopoly does not Has no market power; an oligopoly has some market power
Business
1 answer:
Slav-nsk [51]3 years ago
4 0

Answer:

Is relatively independent; an oligopoly is interdependent.

Explanation:

An oligopoly can be defined as a market structure comprising of a small number of firms (sellers) offering identical or similar products, wherein none can limit the significant influence of others.

Hence, it is a market structure that is distinguished by several characteristics, one of which is either similar or identical products and dominance by few firms.

The characteristics of an oligopolistic market structure are;

I. Mutual interdependence between the firms.

II. Market control by many small firms.

III. Difficult entry to new firms.

One of the main differences between an oligopolistic firm and a monopolistically competitive firm is that a monopolistically competitive firm is relatively independent; an oligopoly is interdependent.

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John would like to move from the suburbs into the city, but the rent in the city is very high.john has found an apartment he rea
RSB [31]
John could either keep looking for an apartment that he can afford 100% of, or he could look for a roommate and go 50/50 on the monthly rent. 
7 0
3 years ago
Minimizing Inventory. An electronics store sells 100 digital storage devices per year. It costs $18 to store one storage device
jarptica [38.1K]

Answer:

Expl one year. To reorder, there is a fixed cost of $36, plus $11 for each storage device.anaMinimizing Inventory. An electronics store sells 100 digital storage devices per year. It costs $18 to store one storage device for one year. To reorder, there is a fixed cost of $36,tion:

4 0
3 years ago
Suppose a tire manufacturer wants to set a mileage guarantee on its new XB 70 tire. Tests revealed that the tire's mileage is no
kogti [31]

Answer:

The manufacturer should announce a guaranteed mileage of 44528 miles

Explanation:

Problems of normally distributed samples are solved using the z-score formula.

In a set with mean \mu and standard deviation \sigma, the zscore of a measure X is given by:

Z = \frac{X - \mu}{\sigma}

The Z-score measures how many standard deviations the measure is from the mean. After finding the Z-score, we look at the z-score table and find the p-value associated with this z-score. This p-value is the probability that the value of the measure is smaller than X, that is, the percentile of X. Subtracting 1 by the pvalue, we get the probability that the value of the measure is greater than X.

In this problem, we have that:

\mu = 47900, \sigma = 2050

What guaranteed mileage should the manufacturer announce

Only until the 5th percentile will have to be replaced, which is the value of X when Z has a pvalue of 0.05. So it is X when Z = -1.645.

Z = \frac{X - \mu}{\sigma}

-1.645 = \frac{X - 47900}{2050}

X - 47900 = -1.645*2050

X = 44528

The manufacturer should announce a guaranteed mileage of 44528 miles

6 0
3 years ago
Read 2 more answers
Within the​ growth-share matrix,​ "cash cows" are​ __________.
Flura [38]

Within the​ growth-share matrix,​ "cash cows" are low-growth, high-share businesses or products.

4 0
3 years ago
A company's unit costs based on 100,000 units are: Variable costs $75 Fixed costs 30 The normal unit sales price per unit is $16
Basile [38]

Answer:

Incremental profit = $30000

so correct option is a. $30,000

Explanation:

given data

Variable costs = $75

Fixed costs = 30

sales price = $165

to find out

incremental profit or loss  from accepting

solution

we get here contribution per unit will be here as

contribution per unit = $165 - $75

contribution per unit = $90

now we get here loss on contribution for giving up regular sale that is

loss on contribution = $3000 × $90

loss on contribution = $270000

and

now we get Incremental contribution for special order will be

Incremental contribution = (135 - 75) × 5000

Incremental contribution = $300000

and

Incremental profit will be  = $300000 - $270000

Incremental profit = $30000

so correct option is a. $30,000

8 0
3 years ago
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