Homework Answers
Oligopolies. actually get to exist due to their barriers to entry as not any firm could easily enter the market as the costs of entry are very high.
Five oligopolies that exist include
1) Airlines
2) Telecommunication
3) Laptop
4) Mobile
5) Automobile
The main difference between oligopoly and monopolistic is that monopolistic can have no barriers to entry and also at all the cases the product is differentiated which isn't the case with that of the oligopolies
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Please list 5 inherent risk related items the assignment requires to list 5 inherent risks from...
Please list 5 inherent risk related items
the
assignment requires to list 5 inherent risks from the description
of the company that an auditor may take when deciding to accept
this new client.
Emphasis Heading 1 Heading 2 Heading 3 Heading 4 Description of Southwest Appliance, Inc. History and Corporate Structure Southwest Appliances, Inc. specializes in supplying a relatively small line of high-quality household appliances to residential construction contractors in a large and growing metropolitan area. Southwest has a large...
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Is anyone help me this question?
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a. The most common reason that oligopolies exist is diminishing marginal returns. economies of scale. regulation. there are a large number of firms. b. Which of the following are products or services of oligopolists that you regularly purchase or own? Automobiles, personal computers, and gasoline Clothing stores, office supplies, and personal computers Refrigerators, bakery goods, and courier services Ovens, refrigerators, and hair salon services c. Oligopoly differs from monopolistic competition in that oligopoly the firms have relatively easy entry. has many firms, whereas monopolistic competition has few firms. the firms are not mutually...
End of Chapter Quiz Answer True (T) or False (F): 1. Competition is protected by law in the United States. 2. In perfect competition, government regulates business activities. 3. Ina monopoly, one producer or seller has total control of the supply and price of a certain product 4. A patent protects an inventor's right to produce and sell a new invention 5. A copyright is an 6. Mos example of a technological monopoly. t businesses in the United States today...
1. List the characteristics of a perfectly competitive market. Give an example. Why do firms in perfectly competitive markets have no control over the price of their products? 2. Mike has a part-time job and earns $50 per week. He spends his entire income on two goods: Hamburgers (which cost $2 each) and movie rentals (which cost $3 each). Draw Mike's budget constraint. Suppose that Mike decides to purchase 10 hamburgers and rent 10 movies this week. Is this choice...
POM CUCI 1. Because of monopoly, consumers experience___than they do with perfect competition. A. more choices B. larger quantities C. higher quality D. higher prices 2. Which statement concerning monopoly is TRUE? A. Monopoly firms are always larger than are perfectly competitive firms. B. A monopoly has no rivals. C. Barriers to entry do not prevent other firms from entering a monopolized industry. D. Monopolists produce more output than does a competitive market with the same demand and cos structure....
STUDY QUESTIONS 1. Of what use is a market model? How do we relate it to reality? 2. Why does perfect competition simplify both marketing and procurement for a manager? 3. What is meant by the entry and exit of firms? Why are entry and exit easy or difficult in the various market models? 4. How do demand curves vary in the different market models? How does each affect managerial behavior and planning? 5. What is a supply-and-demand model? 6....
Please list 5 inherent risk related items
the
assignment requires to list 5 inherent risks from the description
of the company that an auditor may take when deciding to accept
this new client.
Emphasis Heading 1 Heading 2 Heading 3 Heading 4 Description of Southwest Appliance, Inc. History and Corporate Structure Southwest Appliances, Inc. specializes in supplying a relatively small line of high-quality household appliances to residential construction contractors in a large and growing metropolitan area. Southwest has a large...
Is anyone help me this question?
CASE 2-5 Coping with Corruption in Trading with Vietnam Corruption is a fact of lifie in China. In fact Transparency Interna-fo travel to cash or gifts. (This was especially true when few tional, a German organization that applies its Corruption PerceptionPRC officials had been abroad.) As a result, traders report that Index (CP) globally. rates China with a CPl of 3.6 and is number dangling foreign trips in fromt of their PRC clients has...
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