Answer:
A. double
Explanation:
Rule 70 is used to calculate the numbers of years it takes for an investment or variable to double in value given a certain growth rate. In this case, the variable is prices and the growth rate is inflation rate. It is calculated by dividing number 70 by inflation rate.
For example;
Assume inflation rate is 6%, the prices will double in ; 70/6 = 11.7 years
And if inflation is 2%, the prices will double in 70/2 = 35 years
U forgot to add the picture
Answer:
Option A
is a type of imperfectly competitive market
Explanation:
<em>An oligopoly is a market arrangement where a few number of producer/sellers dominate and control the market. </em>
<em>Usually, in this type of imperfect ,market, firms would always need to collude to increase their prices for their products which are relatively differentiated products</em>
These firm together have a concentration ratio of more than 50% i.e they control more than 50% of the entire market share.
Answer
is a type of imperfectly competitive market
