Vincent had these daily balances on his credit card for his last billing period. He did not pay the card in full the previous mo
2 answers:
You might be interested in
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:
see explanation
Step-by-step explanation:
To express a fraction in simplest form
Divide numerator and denominator by largest common factor of both
← divide by 6
= ← in simplest form
← divide by 3
= ← in simplest form