I think a product and service since it has both im not sure sorry :(
Answer: A. The price will go up
Reason: Since supply is low, it will cost more to make more, raising the price for a temporary time
Answer:
b
Explanation:
An Oligopoly is when there are few large firms operating in an industry. While, a monopoly is when there is only one firm operating in an industry.
Oligopolies are characterised by:
- Firms that set the market price for their products
- profit maximisation
- high barriers to entry or exit of firms
- downward sloping demand curve
87 octane gas in Durham is the same in each of the five stations, so the product is undifferentiated
A perfect competition is characterised by many buyers and sellers of homogeneous goods and services. Market prices are set by the forces of demand and supply. There are no barriers to entry or exit of firms into the industry.
A monopolistic competition is when there are many firms selling differentiated products in an industry.
A monopoly is when there is only one firm operating in an industry.
An example of a monopoly is a utility company
Form10-Q is the SEC filing form that accompanies quarterly financial report and might be what you are referring to.
In stocks you can earn money though appreciation of the stock or dividend of the company offers one. And you can earn interest of you invest in bonds.