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Elan Coil [88]
3 years ago
10

How van an oligopoly cause market failure (8)​

Business
1 answer:
Sladkaya [172]3 years ago
6 0

The correct answer to this open question is the following.

Although there are no options attached we can say the following.

An oligopoly can cause market failure because companies that form the oligopoly do not allow other companies to enter and compete in the market. This action limits consumers to choose from a variety of options, including quality, the best price, and service.

Often, oligopoly associates the strongest or more powerful companies in order to wipe out other minor competitors. They want to establish a dominant presence that affects prices and consumers participation.

Oligopoly practices result in inefficiency and instability in the market. That is why oligopolies are not good for the economy.

The automobile industry is mostly associated with an oligopoly.

When a market is controlled by just a few numbers of companies, but none of them is above the others, we are talking about an oligopoly. They can collude intentionally or not, to establish prizes and to not let other companies compete with them.

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Answer:

e. none of the above.

Explanation:

Based on the scenario being described within the question it can be said that your net profit per unit is none of the above. This is because since you are selling and the exercise price was set at $0.86 then the price lowering to 0.78 means that you sold at a much higher price than market value, which leads to about 0.08 profit per unit.

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On October 15 Wan Pollo borrowed $3000.00 for a bank at 10.5% interest. Wan plans to repay the loan on February 25. Assume the l
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Trying to get a loan from a bank is time consuming and invades the privacy of your personal credit history; thus, you'd be bette
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The options for the question are:

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The AW Direct trucking company recently had to terminate one third of its employees and restructure various divisions. Some empl
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Answer:

c. If the decision to terminate was an employee's, the relationship the previous employee had with AW Direct, the amount of notice given by the employee prior to departure, and the needs of AW Direct.

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The impact, behavior and the relationship in the employee-organization connection is crucial for determining whether to rehire or not.

If the employee terminated the contract by his/her will, with no intention of working with the company, than it is of no use to reach that employee out. Also, his/her <em>behavior and responsibility</em> is indicated by the amount of notice he gave before the termination, as it is mostly required by companies in order to find adequate workforce replacement.

Most importantly, AW Direct has to have in mind the <em>particular employee needs</em> it has, and which employees caters to them. Since these employees have already worked for AW Direct, the company surely has an established HR record regarding each and every one of them.

Personal needs of the particular employee (financial, medical, or family needs) are irrelevant as they imply a biased (although ethical) take on hiring. Naturally, the same applies for hiring employees related to managers.

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