All categories

2 years ago

Oligopoly is a market structure that is characterized by a number of firms that produce products.

Business

1 answer:

vlabodo [156]2 years ago

4 0

Answer: small, interdependent; identical or differentiated

Explanation:

This is from Economics 202.

You might be interested in

You wish to take an Excel course. You may enroll at one within your school or you may take a community class at the local librar

Paraphin [41]

Answer:

The chosen option (considering enrollment costs and opportunity cost) is:

b) College course.

Explanation:

a) Data and Calculations:

Costs/Benefits

College Course Community Course

Cost $2,600 $1,390

Opportunity costs -2,080 2,080

Net costs $520 $3,470

Distance to course 0.40 miles 16 miles

(walking distance) (driving distance)

Timing of course Weekday Weekend

Number of meetings 16 8

b) With the College course option, you will earn $2,080 ($260 * 8) weekdays to offset part of the enrollment cost. With the Community course option, $2,080 will be lost in opportunity cost, thereby increasing the total costs incurred. These costs are apart from the driving costs associated with traveling 16 miles to the Community Course at the local library.

5 0

3 years ago

In the market for cell phones, if the supply of cell phones increases what will happen to the price and quantity of cell phones?

charle [14.2K]

If the supply of cell phones increases, the price of cell phones will reduce and the quantity of cell phones would increase.

<h3>What is the impact of an increase in the price of cell phones?</h3>

When the market of a good is in equilibrium and the supply for a good increases, the supply curve would shift to the right while the demand curve remains unchanged.

At the new equilibrium of the supply curve and the demand curve, price would be lower and quantity would be higher.

To learn more about an increase in supply, please check: brainly.com/question/14727864

#SPJ1

3 0

1 year ago

A ___________ loan is one that is backed up by something of value.

zlopas [31]

Answer:

secure

Explanation:

A secure loan is backed by collateral or assets of value

7 0

3 years ago

Read 2 more answers

You are going to deposit $24,500 today. You will earn an annual rate of 5.5 percent for 8 years, and then earn an annual rate of

NeTakaya

Answer:

Future value at the end of 19 years =$63,637.94

Explanation:

<em>The Future value (FV) of an investment is the total amount (principal plus interest) that will accumulate in the future where interest is paid and compounded at a particular rate per period for a certain number of periods.</em>

This can be done using the formula below

FV = PV × (1+r)^(n)

FV- Future Value

PV- amount invested, n- number of years, r - interest rate

The amount due after 19 years would be determined in two steps

Step 1: FV of 24,500 at 5.5% for 8 years

FV = 24,500× (1+0.055)^8 =37,599.819

Step 2 : FV of 37599.81962 invested for 11 years at 4.9% p.a

FV = ? P=37,599.81, n- 11, r- 4.9%

FV = 37,599.81 × (1.049)^11= 63,637.94

Future value at the end of 19 years =$63,637.94

7 0

3 years ago

Bus 322 when the organization makes a large-scale change, such as organizational restructuring, the change would be considered:

Charra [1.4K]

Renovating. Hope this helps you.....

7 0

3 years ago

Oligopoly is a market structure that is characterized by a ________ number of ________ firms that produce ________ products.

Oligopoly is a market structure that is characterized by a number of firms that produce products.