The merging of firms results in the market being served by only three or four firms selling this same product would lead to a decrease in market output and an increase in the price of the product. This is oligopoly
Initially if it is perfectly competitive it is almost impossible for other firms to enter. Now as it is said that if they do enter and they ultimately sell the same product they don't have any control on the price of the product. This is sometimes known as oligopoly, and they try to replace the product with close substitutes.
Oligopoly- An oligopoly is a market structure in which a small number of large sellers or producers dominate a market or industry. Oligopolies are frequently the result of a desire to maximize profits, which can lead to collusion among companies.
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In economics, the determinant of demand that this scenario fall under , when you go for chips ahoy because Oreo cookies are now extremely expensive is Change in Price of Substitute Good.
What is Substitute Good?
A substitute good can be regarded as product or service that is been used as alternative for other goods.
It should be When the price of a substitute good rise, then demand for the other substitute as well will rise.
- This is referred to as <u>positive cross price elasticity.</u>
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Answer:
2. $3600
Explanation:
The computation of the depreciation expense under the Straight-line method: is shown below:
= (Purchase value of computer equipment - residual value) ÷ (estimated useful life)
= ($19,200 - $0) ÷ (4 years)
= ($19,200) ÷ (4 years)
= $4,800
The depreciation that is calculated above is on yearly basis. But on monthly basis, the depreciation should be calculated from January 1, 2012 to September 30, 2012 i.e for 9 months
So, the depreciation would be
= $4,800 × 9 months ÷ 12 months
= $3,600
We assume the deprecation is calculated on the straight-line method
Answer:
The correct answer is letter "A": a learning organization; an ethical organization.
Explanation:
In order to tear down barriers within a company, managers must spark the creation of a learning organization to facilitate the continuous learning process of its employees which allows the organization to remain competitive. Besides, it is important not to set aside the ethical principles employees must adapt in their behavior within the work frame such as fairness, honor, and responsibility.
Hello!
I'm not all that sure, but I would say the answer would be calculates an average unit cost by dividing the total cost of goods available for sale by the total units of goods available for sale. That would be the letter b.
Hope this helps!!
