As the number of firms in an oligopoly increases, a. the total quantity of output produced by firms in the market gets closer to the socially efficient quantity. b. the oligopoly has more market power and firms earn a greater profit. c. the output effect decreases. d. each seller becomes more concerned about its impact on the market price
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Business, 21.06.2019 21:50
Franklin painting company is considering whether to purchase a new spray paint machine that costs $4,800. the machine is expected to save labor, increasing net income by $720 per year. the effective life of the machine is 15 years according to the manufacturer’s estimate. required determine the unadjusted rate of return based on the average cost of the investment.
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Business, 22.06.2019 10:00
Cynthia is a hospitality worker in the lodging industry who prefers to cater to small groups of people. she might want to open a
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Business, 22.06.2019 21:10
Krier industries has just completed its sales forecasts and its marketing department estimates that the company will sell 43,800 units during the upcoming year. in the past, management has maintained inventories of finished goods at approximately 3 months' sales. however, the estimated inventory at the start of the year of the budget period is only 7,300 units. sales occur evenly throughout the year. what is the estimated production level (units) for the first month of the upcoming budget year?
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Business, 22.06.2019 21:30
The adjusted trial balance for china tea company at december 31, 2018, is presented below:
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As the number of firms in an oligopoly increases, a. the total quantity of output produced by firms...
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