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2 years ago

What is it called when a small number of companies control more than 40 percent of a market?

1 answer:

6 0

When only a small number of companies control more than 40% of a market, it is correct to say that this market has an oligopoly structure.

<h3 /><h3>Oligopoly</h3>

It corresponds to a system where a sector of the economy has a reduced number of companies offering a good or service. This structure generates the possibility for companies to increase prices and their profits, as this does not correspond to a scenario where there is ample competition.

Therefore, in an oligopolistic market, there is a condition of imperfect competition, that is, it is the middle ground between perfect competition and oligopoly.

Its existence can result in cooperation between companies and even the formation of a cartel, as there is an interdependence between them, as they have controlled costs and efficient production.

Find out more information about oligopoly here:

brainly.com/question/14495373

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The admissions director at big city university proposed using the iq scores of current students as a marketing tool. the univers

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The complete question is as follows:

The admission directory of Big City University has a novel idea. He proposed using the IQ scores of current students as a marketing tool. The university agrees to provide him with enough money to administer IQ tests to 50 students. So the director gives the IQ test to an SRS of 50 of the university’s 5000 freshman. The mean IQ score for the sample is xbar=112. The IQ test he administered is known to have a σ of 15. What is the 95% Confidence Interval about the mean? What can the director say about the mean score of the population of all 5000 freshman?

Answer: The 95% confidence interval about the mean is $Confidence interval = 107.84 \leq \mu \leq 116.16$ .

The director can say that he is 95% confident that the mean IQ score of the 5000 freshmen lies between 107.84 and 116.16.

We follow these steps to arrive at the answer:

Since the population standard deviation of the IQ test is known, we can use the Z scores to find the confidence interval.

The formula for the confidence interval about the mean is:

$Confidence interval = \overline{X}\pm Z*\frac{\sigma}{\sqrt{n}}$

In the equation above, X bar is known as the point estimate and the second term is known as Margin of Error.

The Critical Value of Z at the 95% confidence level is 1.96.

Substituting the values in the question in the equation above we have,

$Confidence interval = \112\pm 1.96*\frac{15}{\sqrt{50}}$

$Confidence interval = \112\pm 4.157787873}$

$Confidence interval = 107.8422121 \leq \mu \leq 116.1577879$

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3 years ago

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The correct answer is C. Edgar arranges a meeting with his instructor after missing class due to illness.

Explanation:

Resilience is considered as the ability to recover from adverse events and adapt to changes. In terms of time-management, resilience implies using time efficiently despite unexpected or negative events. This ability is shown by Edgar because he dealt positively with a negative unexpected event, which was missing class due to illness, and he could manage time efficiently and adapt despite this event. Thus, the student that shows resilience is relation to time-management is Edgar.

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4 years ago

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Answer:

C. When they are first getting established is the correct answer.

Explanation:

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4 years ago

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if im not mistaken it might be services.

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3 years ago

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