<u>Answer</u>:
In markets characterized by oligopoly, B) the oligopolists earn the highest profit when they cooperate and behave like a monopolist.
<u>Explanation</u>:
Oligopoly markets are those markets in which there are two or more businesses that have no direct competition with each other in the marketplace. Only these few businesses dominate the whole market. Businesses or their owners in these types of markets are known as oligopolists. To get high profits in Oligopoly influenced markets, the oligopolists act like monopolists, which means that they cooperate and become the leaders in their specialties to gain more profits in the market collectively.
Therefore, alternative B is correct.
Economic Profit = Total Revenue - Total Costs
= Quantity * Price - Quantity * Average cost
= Q(P- AC)
Since economic profit is positive, it can be mentioned that P- AC is positive which tells us that P>AC or price is greater than Average cost.
What you mean by economic profit?
- The difference between the money made from selling an output and the price of all the inputs plus any opportunity costs is what is known as an economic profit or loss.
- Economic profit is determined by subtracting opportunity costs and explicit costs from earned income.
What is the role of economic profit?
- Economic profit is important since it makes it possible to evaluate the profitability and financial performance of a company.
- It demonstrates a company's ability to pay its bills and generate profit for its investors. By this standard, brands are only deemed successful when they generate income for all parties.
Learn more about economic profit
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Answer:
cyclical unemployment.
Explanation:
Unemployment that results because the number of jobs available in some labor markets may be insufficient to give a job to everyone who wants one is called cyclical unemployment.
Answer:
artificial light
Explanation:
Most stores, no matter the type of the merchandise they sell, use artificial light. Although natural light (sun) is always present, it is not enough to cater to the lighting needs of a business.
They need to showcase their goods in the best manner possible. Due to common building constraints, natural light is never enough, as some corners of the shop will remain shaded.
Businesses use LED or other sorts of artificial lighting in order to make the shopping experience pleasant.
Below we take a look at the five countries most threatened by severe water shortages that do not have the money to purchase it. Libya's troubles are twofold in that it is undergoing a period of political upheaval while also suffering from lack of water and other resources.