Answer:
a. less than; more than
Explanation:
An oligopoly is when there are few large firms operating in an industry.
A competitive industry is when there are many buyers and sellers of homogenous goods and services.
A Monopoly is when there is only one firm operating in an industry.
An oligopoly firm can choose to cooperate with other firms in the industry or not cooperate.
If firms do not cooperate they produce more goods than if they cooperated. The quantity produced can never be as much as that of a competitive firm because the number of producers in an oligopoly is less than that in a competitive firm.
The output would be more than the quantity produced by a monopoly because the number of producers in an oligopoly is more than that in a monopoly.
I hope my answer helps you.
Answer:
$4,600
Explanation:
Data provided in the question:
Purchasing cost of the van = $20,000
Adjusted basis = $5,800
Worth of the van at the time of accident = $6,000
Insurance reimbursement = $1,200
Now,
The amount of Riley's casualty loss deduction will be
= Adjusted basis - insurance reimbursement
or
Amount of Riley's casualty loss deduction = $5,800 - $1,200
or
Amount of Riley's casualty loss deduction = $4,600
Answer:
diminishing returns
Explanation:
I'll provide you with a situation as an example.
Let's say that you are running a successful ice cream company. Typically, ice creams are made with dairy. This made a certain percentage of population couldn't consume it since they are lactose intolerant. (Basically eating dairy will give them diarrhea ).
There are not many people who have this condition. Let's say that you want to increase the value of your product and use the materials that makes your product become consumable to this specific population while maintaining the original taste.
This would resulted in a small amount increase in customers base , but the investment that you need to make in order to make it happen will be substantial. You basically have to invest in researches to find the perfect ingredients, invest in additional marketing expense to educate the customers on the new product, change your current production flow, etc.
Answer:A
Explanation:
A regressive tax is a tax impose in such a manner that the tax rate decreases as the amount subject to taxation increases.
Answer:
<em>A. autoworker who is temporarily laid off from an automobile company because of a decline in sales.
</em>
Explanation:
Cyclical unemployment is <em>unemployment that occurs when full employment can not be met by the aggregate demand for goods and services in an economy.</em>
This takes place during times of decreased economic growth or times of economic slowdown.
Cyclical unemployment is directly linked to the degree of macroeconomic behavior, which is the combined or collective activity of all economically involved individuals and entities.
Instead of linear, this overall trend is cyclical-economic activity tends to increase and fall rather than always rising or falling.
