Answer:
Step-by-step explanation:
We are given that
Loretta grew watermelons in her garden last year=54
We have to find the expression which shows the number of watermelons Loretta grew this year.
To find the expression which shows the number of watermelons Loretta grew this year by adding watermelons grew in her garden last year and number of watermelons increased .
According to question
5/9 of 54=
Therefore, the expression which shows the number of watermelons Loretta grew this year
=
Answer:
The profits for firma A and B will decrease.
Step-by-step explanation:
Oligopoly by definition "is a market structure with a small number of firms, none of which can keep the others from having significant influence. The concentration ratio measures the market share of the largest firms".
If the costs remain the same for both companies and both firms decrease the prices then we will have a decrease of profits, we can see this on the figure attached.
We have an equilibrium price (let's assume X) and when we decrease a price and we have the same level of output the area below the curve would be lower and then we will have less profits for both companies.
