1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Veronika [31]
2 years ago
14

Which of the following statements about oligopoly is FALSE: A. Oligopolies have a tendency to collude and form cartels in order

to split monopoly like profits B. Oligopolistic markets under collusion are socially inefficient (create deadweight loss) C. If two firms are in a collusion and Firm 1 violates the agreement by lowering the price, Firm 1 will increase its own profit but overall profit in the industry will go down D. All of the above statements are true
Business
1 answer:
Rzqust [24]2 years ago
3 0

Answer: D. All of the above statements are true

Explanation:

Oligopolies exist in markets where supply is not saturated so they tend to form cartels where they can collude and charge a higher price to consumers so as to make more profits. Like a monopoly, this would lead to a deadweight loss because the urge to be competitive goes away and the market becomes socially inefficient.

In such a market, some firms will be tempted to break the cartel agreement and charge a lower price so as to gain market share. They stand a good chance of doing so in the short term but the other companies will react by reducing their prices as well which would reduce profits for the whole industry.

You might be interested in
View Policies Current Attempt in Progress Metlock, Inc. took a physical inventory on December 31 and determined that goods costi
monitta

Answer:

The amount should Metlock report as its December 31 inventory is $286,500.

Explanation:

Ending inventory = Phusical count + goods purchased in transit FOB shipping + cost of goods sold in transit FOB destination

                              = 230000 + 32000+ 24500

                             = $286,500

Therefore, The amount should Metlock report as its December 31 inventory is $286,500.

5 0
3 years ago
Upon acquiring a new computer operating system, management at Berryhill worried that computer virus might cripple the company's
IgorLugansk [536]

Answer:

Reduce

Explanation:

The answer is that Berryhill chose to reduce the risk of being crippled by computer virus. A risk refers to the potential of having a situation that can cause a negative effect or the loss of something important. In this case,  Berryhill reduced the risk because the company was worried that a computer virus would affect the operation and they decided to minimize this danger by installing an anti-virus and building a firewall.

8 0
3 years ago
You receive​ $100 today,​ $200 in one​ year, and​ $300 in two years. If you deposit these cash flows into an account earning 12​
Lisa [10]

Answer:

$628.49

Explanation:

Cash flows                     Discount factor      Future value

$100                         1.1449                $114.49

$200                         1.07                   $214

$300                          1                        $300

Future value                                                  $628.49

The discount factor is as follows

= (1 + interest rate)^number of years

For $100 the year is 2

For $200 the year is 1

For $300 the year is 0

3 0
3 years ago
In a database table, which field stores the unique identifying piece of data for a record?
grandymaker [24]

Answer:

The answer is letter d. The primary key is the unique identifier throughout a database table. It could be a social security number, license number, or telephone number. This makes a person to be easily identified especially when there's a lot of people with the same name in the database.

5 0
3 years ago
Which is not a type of economy?
astraxan [27]

Answer:

agrarian economy

Explanation:

Agrarian economy is not a type of economy as there is no one single country were all its GDP is produced just by agricultural trade, the most relevant concept is <u><em>agrarian society</em></u>, and in this the society is highly dependable on agricultural products in order to derive income.

3 0
3 years ago
Other questions:
  • The social media management dashboard that allows marketing managers submit messages to social media on a scheduled basis and al
    6·1 answer
  • What determines the price and the quantity produced of most goods? the availability of substitutes for the goods the quality of
    11·2 answers
  • You used to earn $76,000 a year in your old job! Suppose you return to college and earn an MBA, after which you get an upper-man
    13·1 answer
  • For each of the following shifts(A,B,C,&amp;D) in the demand curve and associated price change of a complement or substitute ite
    14·1 answer
  • In the private purchase of a used car, __________ places the burden on the buyer to make sure the car is worth the price, so it
    8·1 answer
  • Suppose Hyperpolis’s GDP increases by 15% and its inflation rate is 12%, while Superpolis’s GDP increases by 6% and its inflatio
    12·1 answer
  • Cubie Corporation has provided the following data concerning its only product: Selling price$97per unit Current sales 10,300unit
    5·1 answer
  • Select the correct answer.
    8·1 answer
  • To be a kindergarten teacher do you need university
    8·1 answer
  • A news article details the destruction of a recent earthquake. Which of the following are readers of the article likely to do as
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!