Business, 24.10.2021 05:00 jinjermaxinejohnston
An oligopolist differs from a perfect competitor in that
A. there is cutthroat competition in perfect competition but little competition in oligopoly because firms have significant market power.
B. firms in an oligopoly do not produce homogeneous products while firms in perfect competition do.
C. the market demand curve for a perfectly competitive industry is perfectly elastic but it is downward-sloping in an oligopolistic industry.
D. there are no entry barriers in perfect competition but there are entry barriers in oligopoly.
Answers: 2
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In william rathje's garbology project that focused on household waste, front door interviews found 15 percent of respondents saying that they consumed beer. the trash discard from the same area showed what percentage of household's consuming beer
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Rediger inc., a manufacturing corporation, has provided the following data for the month of june. the balance in the work in process inventory account was $28,000 at the beginning of the month and $20,000 at the end of the month. during the month, the corporation incurred direct materials cost of $56,200 and direct labor cost of $29,800. the actual manufacturing overhead cost incurred was $53,600. the manufacturing overhead cost applied to work in process was $52,200. the cost of goods manufactured for june was:
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An oligopolist differs from a perfect competitor in that
A. there is cutthroat competition in perf...
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