Answer:
The profits for firma A and B will decrease.
Step-by-step explanation:
Oligopoly by definition "is a market structure with a small number of firms, none of which can keep the others from having significant influence. The concentration ratio measures the market share of the largest firms".
If the costs remain the same for both companies and both firms decrease the prices then we will have a decrease of profits, we can see this on the figure attached.
We have an equilibrium price (let's assume X) and when we decrease a price and we have the same level of output the area below the curve would be lower and then we will have less profits for both companies.
Answer:
60
Step-by-step explanation:
Google "Area of a trapezoid formula" and that will help you with this
Answer:
1 and 7/8 in two hours
Step-by-step explanation:
Answer:
For line j to be parallel to line k, then x has to be equal to 0
Step-by-step explanation:
if line j is parallel to line k, then the two angles are equal.
They are equal because they would be alternate angles and alternate angles are equal in value
Thus,
3x + 10 = 5x + 10
5x-3x = 10-10
2x = 0
x = 0