All categories

3 years ago

How do oligopolies influence market inefficiencies?

1 answer:

4 0

Oligopolies are inefficient as they do not produce the highest overall utility for the society. Since the market of sellers is few they limit the number of products being sold/made in order to limit their cost but increase their profit per unit. This results in the firm's producing the goods to gain more of the utility generated by the market and the consumers receive something much less. The loss of the consumers then out weighs the gain of the producers hence the total utility of the system is lower.

You might be interested in

What should you do if your manager has to leave the office to attend to personal business? A. Let the call go directly to voicem

IRINA_888 [86]

Best answer is that I can think of is probably C

4 0

3 years ago

Read 2 more answers

What is the new law the American government enacted for promoting small businesses in the country?

Lady bird [3.3K]

Answer:

The Small Businesses Act of 1953.

Explanation:

In the United States of America, majority of the competitive landscape or business environment is made up of small business enterprise.

The Small Business Administration (SBA) is an agency of the federal government that is saddled with the responsibility of providing both managerial and financial assistance to small businesses in the United States of America.

The Small Businesses Act of 1953 was enacted as an Act of Congress on the 30th of July, 1953 by the Congress of the United States of America to create the Small Business Administration (SBA).

Hence, SBA was established in 1953 as an autonomous (independent) agency of the government of the United States of America to aid, counsel, assist and protect American entrepreneurs and to preserve small business institutions.

Generally, it is saddled with the responsibility of providing both managerial and financial assistance and counseling to small businesses in order to bolster the American economy.

The small business administration (SBA) serves as an intermediary between entrepreneurs and investors or creditors, so as to provide them with the necessary funds required to plan, start and grow their business.

Basically, SBA provides services such as entrepreneurial development, access to funds, advocacy and contracting to small businesses (entrepreneurs) in the United States of America.

In conclusion, the Small Businesses Act of 1953 was the new law the American government enacted for promoting small businesses in the country.

4 0

3 years ago

Grouper Inc. has decided to raise additional capital by issuing $199,000 face value of bonds with a coupon rate of 6%. In discus

leonid [27]

Answer:

A. Dr Cash 152,000

Dr Discount on bonds payable 40,800

Cr Bond Payable 170,000

Cr Paid-in Capital-Stock Warrants 22,800

B. Dr Cash 152,000

Dr Discount on bonds payable 18,000

Cr Bond Payable 170,000.00

Explanation:

A. Calculation for the Journal entry that should be made at the time of the issuance of both the bonds and warrants

Dr Cash $200,900

Dr Discount on bonds payable $21,735

($199,000 - $177,265)

Cr Bond Payable $199,000

Cr Paid-in Capital-Stock Warrants $23,605

(b) Preparation of the journal entry in a situation were the warrants were nondetachable.

Dr Cash $200,900

Cr Discount on bonds payable $1900

($199,000-$200,900)

Cr Bond Payable $199,000

Workings:

Value assigned to bonds=179,100/($179,100+$23,880)

*$200,900

Value assigned to bonds=179,100/$202,980

*$200,900

Value assigned to bonds=$177,265

Value assigned to warrants=$23,880/$202,980*$200,900

Value assigned to warrants=$23,605

8 0

3 years ago

Which one of the following is a way to improve the S/Q rating of branded pairs produced at a particular production facility? Avo

Tomtit [17]

Answer: Avoiding use of green/environmentally-friendly materials (which are of lower quality than superior materials)

Explanation:

The International Footwear Federation is a consumer group that issues s/q ratings for footware makers around the world.

The S/Q ratings range from 0 - 10 stars and measure everything between the quality and appearance of the footware apparel.

Footware with high quality materials that are durable rank high in the S/Q matrix and as such it is imperative that companies aiming to move higher up the S/Q scale, use high quality materials.

Avoiding the use of green/environmentally-friendly materials (which are of lower quality than superior materials) and instead using Superior materials, whilst not entirely good for the Environment, will make a shoe stronger which would increase the S/Q rating.

7 0

3 years ago

When choosing where to eat lunch, Veronica's major service criterion is speed: being seated promptly and served her meal quickly

Pie

Answer:

Letter d is correct. <em>Responsiveness.</em>

Explanation:

Responsiveness is the dimension of quality of service that is most important to Veronica because she is a customer whose primary service need is speed.

To achieve this dimension of quality of service, the company must implement strategies that help optimize the speed with which its service is delivered to the customer. To assess responsiveness, the company needs to obtain data on how long it provides customer response, and then align your prospect's needs with their response time.

3 0

3 years ago