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nexus9112 [7]
3 years ago
9

Suppose that there are only two firms in the automobile industry in a particular country. Which term describes the country's aut

omobile market? Group of answer choices
Business
1 answer:
nexus9112 [7]3 years ago
7 0

Answer:

B  duopoly

Explanation:

The duopoly is the market in which there are two sellers but there are many number of buyers also it is a form of oligopoly market

So as per the given situation there is two firms in the automobile industry for a particular country so this represent the duopoly

Hence, the option b is correct

ANd the rest of the options are wrong

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Suppose that on Valentine's Day, the demand for both roses and greeting cards increases by the same percentage amount. However,
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Answer:

The correct answer is: the supply of the greeting cards is less elastic than the one of the roses.

Explanation:

To begin with, the elasticity show how much the price and the quantity are related by indicating the variation that happens to one of them when the other changes. Therefore that the supply of the greeting cards is less sensitive to price because when the quantity demanded increased the price did not change as much as the roses due to the fact that the sellers were not encourage as much as the sellers of the roses to produce more and therefore to increase the price of the cards. So to sum up, when the price changed the sellers were not encourage to increase the production of the cards as much as the production of the roses because of its elasticity.

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3 years ago
PlastiPharm produces a foundational product that sits on a shelf until it is needed and added to another product. In reviewing t
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PlastiPharm would want to perform the additional testing because:

  • The additional testing helps the company as it strives for perfection in its products and helps avoid future problems by reducing waste (defective parts). (Option C)
  • Testing all the parts addresses any questions that customers might have about quality or performance of materials. (Option D)

<h3>Why do manufacturers carry out testing?</h3>

Rigorous testing is usually carried out by companies to ensure that defects and hazards are detected before the products are sent out into the market.

This way, their liability from product defects is reduced or eliminated completely.

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8 0
2 years ago
Which of the following is far more effective, has greater longevity, and has a far wider audience than advertising?
Alecsey [184]

The answer is publicity. Hope I helped!

4 0
3 years ago
Read 2 more answers
On January 15, 2021, Bella Vista Company enters into a contract to build custom equipment for ABC Carpet Company. The contract s
lesya692 [45]

Answer:

recorded on March 31, 2021.

Explanation:

As we know that if there is an accural basis so the revenue is recognized and recorded when it is earned here the receipt of cash is not material for recording the revenue

Since in the given situation, the date of completion of the contract is considered for recording date of revenue as per the accrual basis

So March 31, 2021 should be considered

 

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3 years ago
Spain's discoveries in the new world showed other european countries that
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Spain was progressive and strong. It showed other countries that Spain was a leader
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