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Fofino [41]
2 years ago
9

Oligopolistic firms have been called what as this lesson has mentioned

Business
1 answer:
tia_tia [17]2 years ago
7 0

Answer: B. Cats in a bag

Explanation:

oligopolistic firms is a small number of firms who realize that they all constitute such a small number of firms that they enjoy a lot of power together. so together they are cats in a bag.

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I'm pretty sure I am about to get kicked off of this site;)
wlad13 [49]
Why is that if like to help:)
4 0
3 years ago
Read 2 more answers
Suppose a firm’s total revenue is $100 when it sells 10 units, and $110 when it sells 11 units. The firm, therefore, is a(n):
Andru [333]

Answer:

perfect competitor

Explanation:

Given:

Firm's total revenue when 10 units are sold = $100

Firm's total revenue when 11 units are sold = $110

Average Revenue = \frac{\textup{Total revenue}}{\textup{Total units sold}}

or

Average Revenue = \frac{100}{10} = $10

and,

the marginal revenue = $110 - $100 = $10

Since,

the average revenue and the marginal revenue for the firm is equal,

therefore, the is a perfect competitor

3 0
3 years ago
What are companies doing to respond effectively to increasing segmentation of the marketplace? Following a traditional sales mod
N76 [4]

Answer: The answer is C. Using more narrowly targeted marketing messages.

Explanation: Market Segmentation is basically the act of dividing a large market into smaller groups, which can now easily be targeted and serviced.

In an increasingly segmented marketplace, the best option for companies it so make sure that they tailor their marketing messages to the segmented market chunk.

Basically, in order for companies to retain the loyalty of their market segment, or to get new customers, they have to make sure that their marketing messages are more narrowed and specific, in order to hold the attention of their target audience.

Using more narrowly targeted marketing messages will guarantee that the target market gets the message clearly and prompt them to patronize the company.

7 0
3 years ago
The LFH Corporation makes and sells a single product, Product T. Each unit of Product T requires 1.5 direct labor-hours at a rat
insens350 [35]

Answer:

the budgeted direct labor cost is $441,000

Explanation:

The computation of the budgeted direct labor cost is shown below:

Budgeted direct labor cost

= Budgeted production ×  hours per unit × rate per hour

= 28,000 units × 1.5 × $10.50

= $441,000

Hence, the budgeted direct labor cost is $441,000

So the correct option is B.

7 0
3 years ago
Match the specifications to the type of creditors.
mote1985 [20]

Sarah - cord source funding

Daphne - government loans because SBA is a government agency.

Pat - venture capital

Albert - asset backed lending because he is using collateral (assets) to secure his loan.




5 0
3 years ago
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