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PSYCHO15rus [73]
2 years ago
10

How do oligopolies influence market inefficiencies?

Business
1 answer:
xz_007 [3.2K]2 years ago
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. 
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If the required reserve ratio
Radda [10]

Answer:

4

Explanation:

Formula:  1 / Reserve money ratio   ->    1 / 0.25 = 4

5 0
2 years ago
In many organizations, marketing does not have a place of importance in the organizational hierarchy. Why do you think this happ
WARRIOR [948]

Answer:

The correct answer is a combination of factors and is explained below.

Explanation:

On the one hand, the marketing area inside the companies tend to be left apart or not given much of the attention that they actual need inside the organization and that is<u> due to the fact that the business' owner or even the managers sometimes thinks that there is a major importance in the finances of the enterprise or even in the production and its current quality</u>.

On the other hand, the marketing function inside an organization should be taking care as much as the other functions due to the fact that it has a very huge importance in the selling process of the company and therefore in its number of sales during an amount of time. Moreover, those companies that do not focus so much effort in the marketing will probably have a great product with a good quality but <u>they would not acquire a big number of sales because they would not know how to sell the product and to whom</u>, furthermore they would <u>find themselves selling much less that does companies that have a simple product but a good marketing mix</u>.

5 0
3 years ago
Explain the relationships among speed, frequency, and the number of poles in a three-phase induction motor
Triss [41]

The synchronous speed (rpm) equals 60 times the frequency divided by the number of pole pairs. For 50Hz, a two-pole motor will have a synchronous speed of 3000 rpm, a four-pole motor of 1500 rpm.

The actual speed is a few percent lower due to the slip of the asynchronous motor.


The slip increases with the torque, typical values are 5–10%. The rated speed for a four-pole motor at 50Hz will thus be something like 1360 rpm. At no-load, the slip is very small.
5 0
3 years ago
Although New York State is second only to Washington State in production of​ apples, its production has been declining during
SCORPION-xisa [38]

Answer:

1. Increase in number of orchards

2. Increase in housing prices

Explanation:

1. What effect is the new diet likely to have on the number of apple orchards within 100 miles of New York City?

There is going to be increased demand for apples due to this new diet and this increase in demand is going to bring about a hike in the price for apples. This price increase would make business to be viable for these apple farmers. More people would want to own orchards just to make money out of the boom in apples. Because apple farming now seems to be more profitable than other activities. <u><em>So this would cause the number of apple orchards that are within 100 miles of new york city to increase.</em></u>

2.  What effect is the diet likely to have on housing prices in New York City?

  • There would be an increase in housing prices in New york city as farmers would rather be planting apples on these lands instead of sellng them to developers for building houses. There would be a decrease in the supply of housing in New york.
4 0
2 years ago
A newly created design​ business, Teri's​ Art, is finishing its first year of operations. During the​ year, credit sales were $4
Vikentia [17]

Answer:

the bad debt expense is $900

Explanation:

The computation of the bad debt expense is shown below:

bad debt expense is

= Written off amount + estimated uncollectible amount at the year end

= $650 + $250

= $900

We simply added the above two items so that the amount of the bad debts for the first year could come

Hence, the bad debt expense is $900

7 0
2 years ago
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