What are some methods which a firm in an oligopoly might use to increase its profit?

Answers

Answer 1

Lowering prices, forming collusions, lowering quality of goods, etc are some methods which a firm in an oligopoly might use to increase its profit.

An oligopoly is a market in which a small number of firms recognise their interdependence in pricing and output policies. Because the number of firms is small, each firm has some market power. Automobile manufacturing is another example of an oligopoly, with the top three automakers in the United States being Ford (F), General Motors (GM), and Stellantis (the new iteration of Chrysler through mergers).

Oligopolies typically form in industries with a small number of influential players, none of whom can effectively push out the others. These industries are typically capital-intensive, with additional barriers to entry such as regulation and intellectual property protections.

If the conditions are favourable, oligopolistic firms will realise that they are best served individually not by competing tooth and nail, but by coordinating and cooperating with one another to a certain extent or in specific areas of business.

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Related Questions

anyone like jschlatt here

Answers

Personally never knew he existed till yesterday, and I gotta say he is a very funny man.

Answer: yes.

Explanation:

cause he's amazing, he's jschlatt, and he's awesome

thank you for coming to my TedTalk :)

Sylvia owns a large media firm. she organizes a lunch meeting to announce a minor change in the management hierarchy to her all employees. which type of communication has Sylvia used?
A. Interpersonal communication
B. departmental communication
C. interdepartmental communication
D. Company – wide communication

Answers

Answer:

D: Company:)

Explanation:

Oliver Is a small manufacturing business owner. He has a limited number of employees working under him. He usually helps his employees with
their respective insecurities and helps them grow. He thus inspires his employees to work better. Which character tralt helps Oliver be a good
entrepreneur?
OA aggression
OB. timeliness
oc creativity
OD. Intuitiveness
OE. confidence

Answers

Answer:

Confidence

Explanation:

For example, if you want to be a good student be confindent because one day you will succeed,  Oliver has confindence knowing he can help his empolyees.

Lifelong Learning( Veronica takes advantage of all training opportunities offered at her job. She registered and attended workshops on diversity, cultural awareness, computer programs, etc...)This is an example of a ... *

Answers

Answer:

Lifelong Learning

Explanation:

This is an example of Lifelong Learning. This term refers to when an individual pursues knowledge in any and all shapes and forms from their own free will. This means that they are voluntarily going after knowledge and taking every opportunity to learn more without being forced to do so. Usually, because they believe that knowledge is power and want to learn because they like to do so. This is exactly, what Veronica is doing by taking full advantage of any opportunity that becomes available for her to learn any new skill.

convert the following temperature to Celsius scale (a) 450 k, (b) 273 k, (c) 73 k.​

Answers

Answer: See explanation

Explanation:

To convert to Celcius scale from Kelvin, the formula to use is:

Temperature in Celcius = Temperature in Kelvin - 273

a. 450k

Temperature in Celcius = Temperature in Kelvin - 273

= 450 - 273

= 177°Celcius

(b) 273 k

Temperature in Celcius = Temperature in Kelvin - 273

= 273 - 273

= 0°C

(c) 73 k

Temperature in Celcius = Temperature in Kelvin - 273

= 73 - 273

= -200°C

Apr. 8 Sold merchandise for $9,500 (that had cost $7,021) and accepted the customer's Suntrust Bank Card. Suntrust charges a 4% fee. 12 Sold merchandise for $7,400 (that had cost $4,795) and accepted the customer's Continental Card. Continental charges a 2.5% fee. Prepare journal entries to record the above credit card transactions of Levine Company. (Round your answers to the nearest whole dollar amount.)

Answers

Answer and Explanation:

The journal entries are shown below:

On April 8  

Cash   $9,120

Credit card expense   $380 ($9,500 × 0.04)

             To Sales  $9,500

(Being sale is recorded)

Costs of goods sold  $7,021

       To Merchandise inventory    $7,021

(Being the cost of goods sold is recorded)

On April 12

Cash   $7,215

Credit card expense   $185 ($7,400 × 2.5%)

             To Sales  $7,400

(Being sale is recorded)

Costs of goods sold  $4,795

       To Merchandise inventory    $4,795

(Being the cost of goods sold is recorded)

Suppose all firms follow similar financing policies, face similar risks, have equal access to capital, and operate in competitive product and capital markets. However, firms face different operating conditions because, for example, the grocery store industry is different from the airline industry. Under these conditions, firms with high profit margins will tend to have high asset turnover ratios, and firms with low profit margins will tend to have low turnover ratios.

a. True

b. False

Answers

The answer is false!
i am just answering for points

Alex

Info:

| 22 yrs old; pre-tax income

= $35,000; $0 savings;

saves $200/month

How much will

they need to

retire at age 67?

Answers

Answer:

hello your question lacks some vital information hence I will make valid assumptions to aid the solution

answer : $583333.33

Explanation:

22 yrs old

pre tax income = $35,000 per year

savings = $200/month

Determine how much you will need to retire at 67

lets assume : Interest rate = 6% per annum

annual withdrawable amount per year after retirement = $35,000

∴ amount to be saved up by 67 years = 35,000 / 6% = $583333.33

hence amount needed to retire at age 67

target amount = $583,333.33

interest rate = 6%

number of years = 67 - 22 = 45

savings per year needed = 583,333.33 / 45 = $12962.96

Note : saving $200 per month would not give the required amount needed to retire at age 67

The required monthly savings =  12962.96 / 12 = $1080.25

Q-mart failed to include inventory that was kept in a separate warehouse in its 12/31 end-of-the-period inventory count. Consequently, the ending inventory on 12/31 was understated on the balance sheet. Explain how this error will effect the income statement. (Check all that apply.) Multiple select question. The current year's cost of goods sold will be too low. The current year's cost of goods sold will be too high. The current year's net income will be too high.

Answers

Answer:

The current year's net income will be too low.

The current year's cost of goods sold will be too high.

Explanation:

1. As we know that the net income would be based upon the ending inventory as the Q-mart made an error by not recognizing the inventory that should be kept in a separate warehouse so it reduce the inventory due to which the net income would be less.

2. The cost of goods sold would be determined by having a comparision of total revenues generated and total expenses incurred as Q-mart understated the inventory so the balance sheet would reflect the high amount of cost of goods sold

Explain the point of view of why the gender pay gap in sports is reasonable.
Please also list any sources used.

Answers

Answer:

In the world of sports, there is a notorious wage gap between men and women, in which male athletes earn much higher wages than women. Thus, for example, the best soccer player in the world, the Argentine Lionel Messi, earns about $ 100 million a year, while the best-paid female soccer player is the American Alex Morgan, who earns about $ 500,000 a year.

This huge gap has its logic in the world of advertising: men, due to physical and anatomical characteristics, have a better performance in sports in general (with some exceptions), with which their performance is more spectacular than that of female athletes, thus generating a larger audience and, therefore, generating higher advertising revenue. Because of this situation, that is, to generate higher income, it is that male athletes earn more money than female athletes.

why is it important to start with temporary investments that lead to permanent investments

Answers

These investments are commonly used when a business has a short-term excess of funds on which it wants to earn interest, but which will be needed to fund operations within the near future. These types of investments are usually very safe, but also have quite a low rate of return.

In general, reducing the interest rate (i) of a credit card but keeping the present value (PV) and number of periods (n) the same will_______.
a.) decrease the monthly payment (P) needed to pay off the debt.
b.) increase the monthly payment (P) needed to pay off the debt.
c.) eliminate the monthly payment (P) needed to pay off the debt.
d.) have no effect on the monthly payment (P) needed to pay off the debt.

Answers

Answer:

A. decrease the monthly payment (P) needed to pay off the debt.

i took the test⬇️

Answer:

a

Explanation:

Who knows about the College called.. IAP ?

Would you guys recommend it, or not?

Because right now, I’m in high school but I’m almost going to graduate. And there’s so many ppl that I know that want to go to community colleges and so I don’t know what to do because what I want to do, you don’t need a degree and the college that I want to go to, you are there part time, either online or in person but the problem is .. how do I know if it’s a scam or not? Because the answer is I don’t. I’ve been wanting to go here because you can get whatever course you want done fast and they help you get the job that you want ASAP, which it’s like 6-12 weeks to complete your courses. And the other reason why I want to go here is because it’s a fair price for each course you want to take. It makes sense though I guess because all of those courses for that college, you don’t need a degree but they help you get the job that you want after you take those courses, and I think that’s cool but.. like I said, I don’t know if it’s a scam or not. That’s why I’m asking on here (lol) because people that I know, family, and my friends, no one knows about this college and I don’t want to get my hopes up knowing if it’s a scam, why even try getting into this college. If I make sense. Hope you guys can help me out. It’ll mean a lot, thank you :) .

Also, I give Brainliest for whoever wants it!

Please no links

Answers

i do not know about the college called IAP

neither because i have not read any reviews

i’m up for brainliest

According to the video, what tasks do Traffic Technicians commonly perform? Check all that apply.

setting the length of time a light stays red
operating large vehicles
counting vehicles
making sure a road crew is protected
analyzing accident reports
campaigning for transportation laws
negotiating with police officials

Answers

Answer:

1

3

4

5 is correct

Explanation:

the length of time a light remains red, counting vehicles, reviewing accident data, and advocating for traffic rules are some of the activities that traffic technicians frequently carry out, according to the video.

What do you know about the Traffic Technicians ?

A qualified individual who examines and manages traffic as well as the variables affecting traffic conditions is a traffic technician. They review a range of traffic-related data at the direction of a traffic or civil engineer to assist in enhancing traffic flow.

A traffic technician is a specialist that works in the area of transportation engineering and is in charge of managing and evaluating traffic patterns and flow. They have a thorough understanding of how vehicles, pedestrians, and bicycles behave on the road, and they use this expertise to the design and implementation of traffic management systems that guarantee the safe and effective movement of people and commodities.

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1. When the quantity supplied is larger than the quantity demanded.: When the quantity supplied is larger than the quantity demanded. 2. The quantity that is supplied and demanded at the equilibrium price.: The quantity that is supplied and demanded at the equilibrium price. 3. The point at which the quantity supplied equals the quantity demanded.: The point at which the quantity supplied equals the quantity demanded. 4. The price that equates the quantity supplied with the quantity demanded.: The price that equates the quantity supplied with the quantity demanded. 5. When the quantity demanded is larger than the quantity supplied.: When the quantity demanded is larger than the quantity supplied. Column B a.Equilibrium Price b.Excess Supply c.Equilibrium d.Excess Demand e.Equilibrium Quantity

Answers

Answer:

1. b.Excess Supply

2. e.Equilibrium Quantity

3. c.Equilibrium

4. a.Equilibrium Price

5. d.Excess Demand

The following types of contracts should be in writing: Contracts involving interests in land. Contracts that cannot, by their terms, be Select within one year from the day after the date of formation. Select or secondary, contracts, such as promises to answer for the debt or duty of another. Promises made in Select of marriage. Under the Uniform Commercial Code, contracts for the sale of goods priced at Select or more.

Answers

Answer:

Contracts required in writing

Explanation:

Contracts that required to be in writing to be enforceable. These contracts are never orally agreed and there is no value of such oral contracts. The contact and promise made by executor to pay debt, promises in consideration of marriage, Sale of goods priced $500 or more should be in writing.

What is the primary goal of relationship selling?

A. to foster rapport

B. to encourage repeat purchases

C. to create brand ambassadors

D. to track buying habits

Answers

Answer:

to encourage repeat purchases

So B

To encourage repeat purchases

A bank with $500 million in deposits holds $35 million in vault cash, has $40 million on deposit with the Fed, and owns $50 million in government securities. If a fall in the reserve requirement ratio generates excess reserves of $25 million, and prior to the fall the bank had no excess reserves, then the former reserve ratio was _____ and the new reserve ratio is _____.

Answers

Answer:

Former Reserve Ratio was 15%

Current Reserve ratio is 10%

Explanation:

Actual reserves = Vault cash + deposit with Fed

Actual reserves = $35 + $40

Actual Reserves = $75 million.

Reserves ratio = Actual reserves / Deposits

Reserve Ratio = 15%

Someone help me please.... I really appreciate

Answers

Personal goal: A personal goal I have is to be and active citizen to my community. Help others, pick up trash.

High school Goal: My high school goal is to graduate, so I can get into and Ivy League school.

Financial goal: My goal is to have enough money for my college tuition.

Scenario D. Jefferson, the chief executive officer of Midwestern Thermal Systems, decides to explore the idea of opening an office in China and speaks to his chief financial officer, Maria, about it. She pays careful attention to everything he says and restates everything to Jefferson to make sure that she accurately understands his plans. Some employees learn of the plans from their managers, and some of these employees begin spreading the information to other colleagues. Maria listened to everything Jefferson said and restated everything to him to make sure that she accurately understood his plans. The technique used by Maria is known as

Answers

Answer:

Reflection

Explanation:

In simple words, An exchange of thoughts is what reflective conversation is. It simply emphasizes, reflects, and demonstrates what someone is feeling, inferring, comprehending, or attempting to say. In essence, the child discovers that their individual really cares for them. It is extremely beneficial to their behavioral as well as emotional growth

Thus, from the above explanation we can conclude that the given case relates to reflection technique.

i need help with this problem
thank you in advanced

Answers

Answer:

Price will decrease when supply increases. Supply will increase when. Quantity exchanged will increase when supply decreases

Careers emerging to improve environmental conditions include:


sanitary engineer

red physician

environmental geologist

green architect

Answers

Answer: The answer is green architect & environmental geologist.

Explanation:

Answer:

green architect and environmental geologist

Explanation:

Help me please... help

Answers

Answer:

Job Analysis can be understood as the process of gathering information related to the specific job. ... Job description is a document indicating what a job covers, i.e. tasks, responsibilities, duties, powers and authorities, attached to a job.

Francis has an internship at a law firm, takes an art class, and researches colleges that offer majors in veterinary science. Which of these actions increases Francis's human capital?
A.
both the internship and the research
B.
only the internship
C.
both the internship and the art class
D.
only the research

Answers

Answer: C. both the internship and the art class

Explanation:

Human capital simply means the economic value of the skills and the experience of a worker. Human capital includes the training, health, skills, education, of workers.

From the question, Francis human capital will be both the internship and the art class as they will provide him with the needed experiences. Therefore this is a form of human capital.

helppppp due in 1 minute!!!!
A bush pilot was asked to fly the perimeter of a state park to look for black bears. The state park is a rectangular shape 20 miles wide and 32 miles long. What is the perimeter of the state park?
A 52 miles
B 104 miles
C 320 miles
D 640 miles

Answers

B
2(32+20)
= 104
hope this helps

Answer:

It is B

Explanation:

20x2 + 32x2 = 104

Which is B

Hope this helped :)

Why should managers worry about product overcosting or​ undercosting? A. Averaging can result in inaccurate and misleading cost data. As​ such, companies may overinvest in products that have been​ overcosted, and underinvest in products that have been undercosted. B. Overcosting may result in competitors entering a market and taking market share for products that a company erroneously believes are​ low-margin or even unprofitable. Undercosting may result in companies selling products on which they are in fact losing​ money, when they erroneously believe them to be profitable. C. Overcosting products may lead to sales that acutally result in losses because the sales may bring in less revenue than the cost of the resources they use. Undercosting products may lead to the loss market share to competitors selling similar products. D. If prices of products are determined by the market based on co

Answers

Answer:

Overcosting may result in competitors entering a market and taking market share for products that a company erroneously believes are​ low-margin or even unprofitable. Undercosting may result in companies selling products on which they are in fact losing​ money, when they erroneously believe them to be profitable.

Explanation:

The manager would worry withe overcosting or understanding of product as the overcosting would be done when the competitors are entered in the market and they took the market share so that the company could trust that they are less margin while on the other hand undercosting means the company that sells the product also at the same time they are losing the money when they trust to be profitable  

Leanna opens a savings account with an initial balance of $100. She then deposits $50 each month. Use an equation, a table, and a graph to explain the relationship between the amount of money in the account, a, and the number of months since Leanna opened the account, m.

Part A Write an equation to represent the problem. Explain how the value of a changes as m increases.

Part B Make a table to show the relationship between m and a. Find 5 ordered pairs.

Part C Use your table from Part B to draw a graph to represent the situation.​

Answers

Answer:

Leanna opens a savings account with an initial balance of $100. She then deposits $50 each month. Use an equation, a table, and a graph to explain the relationship between the amount of money in the account, a, and the number of months since Leanna opened the account, m.

Part A Write an equation to represent the problem. Explain how the value of a changes as m increases.

Part B Make a table to show the relationship between m and a. Find 5 ordered pairs.

Part C Use your table from Part B to draw a graph to represent the situation.

Texas V. Johnson questioned the meaning of symbolic speech and its rights

True
False

Answers

Answer:

True

Explanation:

The text portion of the writing contains word for word the question.  

I need money :/ how do you make an online business

Answers

You could sell things on Etsy

Answer:

get a job. invest on the job you have then quit and start selling products

1.____What auto car insurance is required by IL?
A. Property Damage and Bodily Injury
B. Collision and Comprehension
C. Medical and Schmedical
D. All the above

Answers

i’m pretty sure the answer is A! not 100% tho!
Auto Insurance: It is a contract between two parties of which is the insurer, and the other one is insured. An insurer is a person who agrees to pay the insured in any unforeseen circumstances like accidents, thefts, property damage, etc. In case of auto insurance, the insurance company takes the responsibility of all the damages which are done to the holder of the auto or the auto, but it does not take the responsibility of any legal damage to the insured.
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11. Your brain can tell your body you are fatigued before the system that drives the exercise actually reach their working limits.falsetrue -18 = 9z - 9z =___? In semiconductor manufacturing, wet chemical etching is often used to remove silicon from the backs of wafers prior to metalization. The etch rate is an important characteristic in this process and known to follow a normal distribution. Two different etching solutions have been compared, using two random samples of 10 wafers for each solution. Assume the variances are equal. The etch rates are as follows (in mils per minute): Solution 1 Solution 2 9.9 10.6 10.5 10.2 9.4 10.3 10.6 10.2 9.3 10.0 10.7 10.7 9.6 10.3 10.4 10.4 10.2 10.1 10.5 10.3Required:a. Construct normal probability plots for the two samples. Do these plots provide support for the assumptions of normality and equal variances? Write a practical interpretation for these plots. b. Do the data support the claim that the mean etch rate is the same for both solutions? In reaching your conclusions, use = 0.05 and assume that both population variances are equal. Calculate a P-value. c. Find a 95% confidence interval on the difference in mean etch rates i need help with a question what is 4n=12? what is the cause of tension between jack and ralph? who is right? why? -chapter 3 , lord the flies someone help Sally has 8 red marbles and 16 greenmarbles. She also has red bags andgreen bags. She wants to put marbles inthe bags that match their color. Eachbag will have the same number ofmarbles. What is the largest number ofmarbles she can put into each bag? Help please ASAP!! I will give brainliest! What were the main reasons for the Mexican Revolution? Max wanted to open a pizza and sub restaurant. He compared purchasing a well-known franchise to opening his own restaurant as a small business. Which of the following would be a disadvantage to the franchise option? Max will be able to use the business model provided by the franchise. Max will have many competitors that offer pizzas and similar Italian fast food. Max will have to use his savings and borrow some money to start his business. Max will have to use the franchise's pizza sauce instead of his family recipe I will mark you brainlist!Imagine you are reading an email or text message or watching a video on TV or the internet. How can you figure out the writer or speaker's tone? Identify two factors effect person's energy requirements Nuclear could come from. ... The following question refers to the topic of progress and modernity in the late nineteenth century. Sigmund Freud's view of human psychology and motivation most directly contradicts the view of human nature associated with which of the following periods?A) The Protestant ReformationB) The Enlightenment C) The Romantic era D) The Renaissance Juan is giving Linda instructions on how to make a chocolate milkshake. Which question best completes the conversation?Linda: ___________________________________Juan: Necesitas aadir 3 cucharaditas de azcar.A. Cuntas cucharaditas de sal necesito aadir a la leche?B. Cuntas cucharaditas de pimiento necesito aadir a la leche?C. Cuntas cucharaditas de vainilla necesito aadir a la leche?D. Cuntas cucharaditas de azcar necesito aadir a la leche? where did the match on June 16 take place The band Leeward charges different prices for its concert tickets based on a concert-goer's age. The total cost, in dollars, of tickets for a adults and c children is 12a+6c. Edgar bought tickets for 4 adults and 6 children.How much did Edgar pay for tickets?$ What is the answer please help if you put a link I will report ******WORTH 85 POINTS******WILL MARK BRAINLIEST*****PLEASE ANSWER ALL QUESTIONS****Robert Frost, The Road Not Taken1. Narrator (point of view from which it is told)2. Impact (What are the different ways that you think an audience could react to it?)3. What specific words indicate tone? (how the poet feels towards the subject)4. What specific words indicate mood? (feeling that the reader/audience gets)5. Symbolism (what symbols do you see? What do they represent? How do they contribute to the content of the poem/song?) Which of these regulations falls under the jurisdiction of the Environmental Protection Agency?prescription safetyautomobile emissionscredit card interest ratespower tools used in factories Why might more frequent prescribed burns be easier to control than less frequent burns?