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qwelly [4]
3 years ago
13

One measure of the extent of competition in an industry is the concentration ratio. What level of concentration indicates that a

n industry is an​ oligopoly?
Most economists believe that a​ four-firm concentration ratio of __________ (less / greater than) than __________ percent indicates that an industry is an oligopoly. ​(Enter your response as an​ integer.)
Business
1 answer:
GarryVolchara [31]3 years ago
3 0

Answer: greater, 40%

Explanation: Most economist believe that a four firm concentration ratio is "greater" than "40%" indicate that an oligopoly.

Concentration ratio is simply the ratio of the combination of market shares of a specific numbers of firm to the size of a market. Three-firm, four-firm and five-firm concentration ratio are the most common to considered.

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As we’re well aware, vending machines are used to sell snacks and beverages, whereas newspapers are sold out of a box that allow
max2010maxim [7]

Answer:

Because people do not need a second newspaper, it will not bring any more information to their lives, rather than a second soda can or snack.

Explanation:

The law of diminishing marginal utility states that there are some products or services to which an increase in the consumption will not bring the same utility for the user as the right amount, for example, if you eat a slice of pizza, it will bring certain benefit, you'll be less hungry but if you eat 7 slices of pizza at some point you'll no longer be hungry and it will rather make you sick, in this case vending machines have a higher marginal utility, a person could drink 3 or 4 drinks or take 4 or 5 snacks before it makes them feel sick, whilst a person that buys a person buying a newspaper won't need a second one, even if it is for his/her family, a 5 people house has enough newspaper by taking 1 copy of it.

Other examples of this can be a vacuum cleaner, you don't need a second one if you already have one, or a house buying a second house ain't as necessary as the first one.

5 0
2 years ago
The adjusted trial balance of Sheri dan Company at December 31, 2022, includes the following accounts: Owner's Capital $16,000,
jonny [76]

Proof of income statement.

Revenue    

Service revenue   38300

Expense    

Salaries and wages expense 15700  

Insurance Expense 2300  

Rent Expense  4600  

Supplies expense 1200  

Depreciation Expense  1400  

Total expense   25200

Net income   13100

Sales are the sum of the revenue generated from the sale of goods or services related to the company's main activities. Income, also known as gross income, is often referred to as the "top line" because it is at the top of the income statement. Income or net income is the total profit or profit of the business.

Learn more about Revenue at

brainly.com/question/16232387

#SPJ1

7 0
1 year ago
In regard to Project Work, which activity refers to reviewing the progress and capturing project performance data with reference
Ede4ka [16]

Answer:

The correct answer is: monitor.

Explanation:

Monitor in regards to the Project Work implies all the activities related to supervising if the objectives set by an organization are being achieved. Monitoring aims to spot deficiencies to mitigate them to keep the firm's core achievements intact. It involves analyzing and measuring employees' performance and reporting them to take action.

6 0
3 years ago
On January 1, 2018, Frost Corp. changed its inventory method to FIFO from LIFO, for both financial and income tax reporting purp
fiasKO [112]

Answer:

a. retained earnings statement, as a $630,000 addition to the beginning balance

Explanation:

Data provided in the question

Change in increase in inventory = $900,000

Income tax rate = 30%

By considering the above information, the cumulative effect is

= Change in increase in inventory - Change in increase in inventory × income tax rate

= $900,000 - $900,000 × 30%

= $900,000 - $270,000

= $630,000

This $630,000 is a addition to the beginning balance

4 0
3 years ago
Wagner & Sons, Inc. perform property appraisals for commercial real estate transactions. The following transactions were com
crimeas [40]

Answer:

Date   Account Title                  Debit     Credit

1-Jul    Supplies                           $345

                Accounts Payable                   $345

2-Jul   Utilities expense               $700

                 Cash                                        $700  

3-Jul    Salaries expense             $875

                 Cash                                         $875

8-Jul     Cash                               $4,015

                  Accounts Receivable            $4,015

12-Jul    Accounts Receivable   $11,000

                   Revenue earned                   $11,000

8 0
3 years ago
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