An oligopoly where each firm believes that rivals will lower their prices in response to a price decrease, but will not change their prices in response to a price increase is called a

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Answer 1

An oligopoly where each firm believes that rivals will lower their prices in response to a price decrease, but will not change their prices in response to a price increase is called a Sweezy.

Instead than collecting prices from the market, companies in an oligopoly determine pricing, whether collectively—in a cartel—or under the direction of one enterprise. As a result, profit margins are greater than they would be in a market with greater competition.Reduce their costs. Small enough for actions made by one firm to have a big impact on those made by other companies in the same industry.

What means oligopoly?An oligopoly is a market characterized by a small number of firms who realize they are interdependent in their pricing and output policies. The number of firms is small enough to give each firm some market power.

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Related Questions

How a country decides the amount of money to be printed?

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The quantity of currency notes and coins that can be printed in a nation is not predetermined. A nation's central bank aims to print enough money to finance the production and sale of goods and services while recovering the value of that money through altering interest rates, boosting exports, and reducing fiscal deficits.

Money is any tangible item or verifiable document that is regularly accepted as payment for goods and services as well as the settlement of debts, such as tax obligations, in a particular country or socioeconomic environment. Money functions as a store of value, a unit of account, a means of exchange, and occasionally as a norm for deferred payment. These are the four main goals of it. Money was historically an emergent market phenomenon because nearly all contemporary monetary systems are based on unbacked fiat money that has no inherent value as a commodity. Being acknowledged as legal tender by a governing body or regulatory body necessitates acceptance as a form of payment for "all" purposes inside the country's borders.

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What are the 5 characteristics of economic system?

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The five characteristics of an economic system are- participation, equity, growth, sustainability, and stability.

What precisely is an economy?

In an economy, all economic activities are governed by a single central organization, and the means of production are held by the general populace. This company establishes quantifiable output targets and provides raw materials to profitable enterprises.

What does having a command economy mean under socialism?

A command economy is present in the majority of communist countries. Below is a description of market-based socialism. The state centralizes and regulates economic decisions in communist countries. A dictator or central planning committee determines what will be produced, who will produce it, how much will be produced, and who will purchase it.

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Positive integers $a$ and $b$ are each less than $6$. What is the smallest possible value for $2 \cdot a - a \cdot b$

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The smallest possible value for the integer 2a - ab is -15 for the given information.

What are integers?

The collection of whole numbers and negative numbers is known as an integer in mathematics. Integers, like whole numbers, do not include the fractional portion. Integers can therefore be defined as numbers that can be positive, negative, or zero but not as fractions. On integers, we can carry out all mathematical operations, including addition, subtraction, multiplication, and division. Integer examples include 1, 2, 5, 8, -9, -12, etc. "Z" stands for an integer.

the question can be solved as follows:

a,b can be 0,1,2,3,4,5.

so, a*(2-b) will be min when a=b=5

so

5*(-3)

-15

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How do discount points impact the interest rate on the mortgage?

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Your interest rate is reduced by points, commonly referred to as discount points, in exchange for an up-front payment. The lender accepts a higher interest rate in return for a reduction in your closing fees.

What is discounted points?

You can trade off your monthly payment for a lower upfront fee by using points. Paying points results in a higher initial payment but a lower interest rate, which results in a longer overall payment.

For someone who is certain they will keep the loan for a long time, points can be a wise choice. The loan amount is taken into account while calculating points.

Your interest rate reduction will vary depending on the specific lender, the type of loan, and the state of the mortgage market.

For each point you pay, you can occasionally see your interest rate reduced by a sizeable amount. Sometimes, the amount of interest that is reduced for each point paid is less.

It depends on the particular lender, the type of loan, and the state of the market.

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How did the Hoover administration respond to the World War I veterans known as Bonus Marchers who asked for the immediate payment of their pension?

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Their camp was on the outskirts of Washington, D.C., and the Hoover administration ordered the American army to evict them by force.

A group of World War I veterans known as the "Bonus Army" invaded Washington, D.C. in 1932 and demanded that their veteran bonuses be paid early. The protest's leaders would be drafted into the military, President Herbert Hoover enragedly ordered the War Department. They were to be ejected from their camp on the outskirts of Washington, D.C., by the American army under duress. It greeted them upon their arrival in Washington, expressed gratitude for their service, and sent them off with government checks. It scheduled a ceremony to present medals and express the government's gratitude once more for their service. On the White House lawn, it served out a sumptuous meal but declined to pay the bonuses early.

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When Procter and Gamble launched its Pamper brand in Japan, the diaper packages confused Japanese customers. In the United States, the packages featured a stork delivering the baby. Japanese don’t understand a stork delivering babies to parents. Instead, Japanese loved the idea of a big peach delivering their baby. Can you explain what may have caused the intercultural misunderstanding? How could Procter & Gamble have avoided it?

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The intercultural misunderstanding that occurred when Procter & Gamble launched its Pamper brand in Japan can be attributed to cultural differences in symbolic representation. In the United States, the image of a stork delivering a baby is a common symbol of childbirth and is associated with the arrival of a new baby. However, this symbol is not as prevalent in Japanese culture, and the Japanese may not have understood the connection between a stork and a baby.

On the other hand, the idea of a big peach delivering their baby is more relatable for Japanese culture because in Japan, the peach is a symbol of longevity, good health, and fertility.

To avoid this kind of intercultural misunderstanding, Procter & Gamble could have conducted more extensive market research and cultural analysis to understand the cultural symbols and imagery that are meaningful to Japanese consumers. They could have also consulted with local experts and tested their marketing materials with Japanese consumers to get feedback and make adjustments before launching their product. Additionally, they could have used more culturally neutral imagery, such as a baby or a happy family, that would have been more universally understood.

What are the five steps of comparison shopping?

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So that you never have to question if you are getting the greatest value, here are five things to think about when comparison shopping.

Quality

The biggest error that can be committed is to sacrifice quality in favor of a lower price. It might take a bit longer to uncover them, but there are legitimately amazing deals on high-quality products out there.

Craftsmanship

How and where the goods were created are the second factors to take into account when searching for the greatest offer. Good old-fashioned craftsmanship seems to have disappeared in today's society. Wait for end-of-season bargains if you are determined to buy a designer item and are seeking the greatest deal. A well-made item remains fashionable and/or functional throughout time.

Quantity

Here is yet another "trick" that vendors frequently employ to deceive buyers into believing they are receiving the greatest value, and which is present everywhere from electronics to groceries. It is normal to discover those enormous containers that appear to be twice as large as they are and may cost somewhat less than twice as much. However, if you were to compare the prices ounce for ounce, it would be clear that purchasing two of the smaller containers would be the superior option.

Performance

Even while two goods could seem to be the same, they frequently behave very differently. Online buyers have the opportunity of reading client feedback or evaluations, but there may be no way to judge when purchasing in a neighborhood retail store. Both the manufacturer's website and the websites of online retailers or affiliates list the product specifications.

Longevity

Finally, give some thought to a product's expected lifespan. Remember to ask yourself, "What do vacuum-packed frozen foods and LED light bulbs have in common?" the next time you are out looking for deals. Longevity is the simple solution.

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amazon and orbitz are both part of blank______ marketing channels.

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Both Orbitz and Amazon are Internet marketing channels.

How does Amazon work as a medium for marketing?

Amazon uses a variety of traditional marketing strategies, including print and online advertising, to promote its products. The company also conducts product placement, pay-per-click (PPC) ads, and sales promotions.

What kinds of Internet marketing are there?

Internet marketing is the practice of promoting a business, its goods or services online in order to generate more leads, visitors, and sales. Digital and online media are used in online marketing, also known as digital marketing, to disseminate marketing materials and advertisements. The terms online marketing, internet marketing, and web marketing are also used to refer to digital marketing. More individuals are becoming acquainted with the term "digital marketing."

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How was Egypt affected by British imperialism?

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After winning, Britain created a "veiled protectorate" over Ottoman-Egypt up to the First World War, restoring the Khedival rule in Cairo. In order to promote Egypt's cotton output and exports, the British occupation saw a surge in archaeological fieldwork, tourism, and irrigation projects.

Egypt became a protectorate of the British Empire, which meant that even while Egypt had its own government, the British continued to have significant influence over it. As a result, the British saw Egypt as being under their "protection" and led the African country in ways that suited them.

When the British invaded Egypt in 1882, they did not annex the country; instead, a nominally independent Egyptian government carried on. But the European countries, whose influence had increased, had already colonized the nation.

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what company created the short-lived inflatoplane in the 1950s?

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Goodyear Aircraft Co.

What are important features of a command economy?

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The Important features of a command economy include public ownership of major industries, government control of production levels and distribution quotas, and prices, wages, and inventory levels all being under government control.

The government makes key decisions such as which goods to produce and the quantity of each good to be produced. The government also sets and enforces laws, regulations, and directives to ensure the central plan is followed. In a command economy, the government has absolute power over all resources, and businesses must follow the central plan’s production and hiring targets, with no ability to respond to free-market forces. These features are what make a command economy different from a free-market economy.

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Jada bought some sugar and strawberries to make strawberry jam. Sugar costs $1. 80 per pound, and strawberries cost $2. 50 per pound. Jada spent a total of $19. 40. Which point on the coordinate plane could represent the pounds of sugar and strawberries that jada used to make jam?.

Answers

Point B on the coordinate plane could represent the pounds of sugar and strawberries that Jada used to make jam.

Strawberry (2*2.50) + sugar (1.80*8) = 19.40

What is coordinate plane?

A coordinate system in a plane is a system of coordinates that uniquely identifies each point by a pair of numerical coordinates. These numerical coordinates are the signed distances from two fixed perpendicular oriented lines to the point, measured in the same unit of length.

What is a product's cost?

The expenses incurred to produce a product or service are referred to as its cost. Direct labour, direct materials, consumable production supplies, and factory overhead are all included in these prices computation.

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consolidation is one of the four c’s of credit.
TRUE or FALSE

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Above statement is incorrect. The four Cs of credit are. Character, Capital, Collateral, and Capacity.

What is the most important C in the C's of credit?

The 4 Cs—Capacity, Capital, Collateral, and Character—that lenders look for when reviewing loan applications for businesses are something to keep in mind. The most crucial factor is capacity, which refers to your loan-repayment capacity.

What does character mean in the 4 C's of credit?

The first C, character, more precisely relates to a borrower's credit history, which is their track record of making their loan payments on time. The borrower's credit reports, which are created by the three main credit agencies Equifax, Experian, and TransUnion, contain this information.

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Which is another word for a command economy?

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The national government is required to possess and manage the means of production under the command economy, often known as a planned economy.

What Is a Command Economy?

A command economy is an essential part of a political system where the amount of output that is allowed and the prices that may be paid for goods and services are set by a centralized ruling body. The bulk of industries are publically owned. A free market economy, in which supply and demand determine prices and output, is the primary alternative to a command economy. In contrast to the command economy, which is a feature of communist political structures, free market systems exist in capitalist countries.

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How do you maintain good credit and creditworthy?

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Never missing a payment is the most crucial technique to keep high credit since it accounts for the largest percentage of your score. Automate all of your payments for credit cards, loans, utilities, and insurance so that you never miss a payment.

How is a good credit history built?

Try to pay your bills on time, and if you can, pay more than the minimum. The most crucial thing you can do to improve your score is to make all of your credit card and loan payments on time, every time. Your score will benefit if you can pay more than the required amount.

The most crucial component of credit scoring is payment history, and even one late payment will lower your score. When assessing you for new credit, lenders want to be certain that you will repay your debt and on time.

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Which of the following allows eligible institutions to borrow money from the central bank to meet
reserve requirements?
O Discount rate
O Reserve policy
O Discount window
O Inflation targeting

Answers

The statement that  allows eligible institutions to borrow money from the central bank to meet reserve requirements is C. discount window.

What is discount window?

The discount window  can be defined as a lending institution that makes it possible for qualified  financial institution to lend money from the central bank.

One of the advantage of discount window is that it help to effectively control and manage the financial risk of a financial institution.

Therefore we can conclude that the correct option is C.

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A toll on a congested road is in essence:
a. An intense highway tax
b. Department of motor vehicle tax
c. A gasoline tax
d. A corrective tax

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A toll on a congested road is essentially a corrective tax. Thus option D is the correct answer.

It is a fee charged to drivers for using a specific road or bridge, to reduce congestion and promote more efficient use of the road.

It's also different than an intense highway tax, which is not a specific term, it's likely that you may be referring to a general term for high taxes on vehicles or roads, but tolls on congested roads are specific and its goal is to reduce congestion.

This is different from a gasoline tax, a tax on the fuel that vehicles use, or a department of motor vehicle tax, a fee for registering and maintaining a car.

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Who profited from the stock market crash of 1929?

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NEW YORK — His definition of a long-term investor completely changed. Irving Kahn, a contrarian trader famous for profiting from shorting stocks during the 1929 Crash, passed away at the ripe old age of 109.

The group of people who trade stocks, also known as shares, which stand for ownership holdings in corporations, is known as a stock market. It is sometimes referred to as an equity market or share market. These securities may be listed on a public stock exchange or they may only be traded privately. Shares of private companies that are offered to investors through platforms for equity crowdfunding are an example of such securities. When making an investment, a plan is normally in place. A stock market is an exchange for shares, bonds, and other financial products. On stock markets, shares of various significant companies are traded. As a result, the stock has more liquidity, which broadens its appeal to investors.

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Which of the following is a type of software program that businesses often use to plan, modify, or customize products

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Computer aided design is a type of software program that businesses often use to plan, modify, or customize products.

What is Computer aided design?

Using computer-based software to assist in design processes is known as computer-aided design, or CAD. Various kinds of engineers and designers regularly utilise CAD software. Two-dimensional (2-D) drawings and three-dimensional (3-D) models can both be produced using CAD software. The use of computers to facilitate the creation, modification, analysis, or optimization of a design is known as computer-aided design. With the aid of this software, designers may work more productively, produce better designs, improve communications through documentation, and build databases for manufacturing. Architectural designs, building plans, floor layouts, electrical schematics, mechanical drawings, technical drawings, blueprints, and even the special effects in your favourite films may all be created using CAD

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What is capital in business Mcq?

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In a business context, capital refers to the resources and assets that a company uses to generate revenue and profits.

Capital can take many forms, including financial capital (such as cash, investments, and credit), physical capital (such as equipment, buildings, and inventory), and human capital (such as skills, knowledge, and experience of employees).

The types of capital that a business has access to can have a significant impact on its operations and its ability to grow and succeed. For example, a business with a large amount of financial capital may be able to expand rapidly by acquiring other companies or investing in new technology, while a business with a large amount of human capital may be able to develop new products or services more quickly.

In addition to the different types of capital, there are different ways to measure the capital in a business, one of the most common is to measure it based on the value of its assets minus the value of its liabilities, this is known as the net worth or equity of the business. Another way to measure the capital of a business is to measure it based on the cash flow or the cash available to the business to operate and grow.

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Determine the effective tax rate for a taxable income of $145,690. Round the final answer to the nearest hundredth.

Answers

The effective tax rate for a taxable income of $145,690 is 22%.

What is the effective tax rate?

The actual tax rate is the proportion of income that a person or business owes/pays in taxes. The effective tax rate is the average tax rate applied to a human's earned income, including wages, plus unearned income, such as stock dividends.

The average tax rate a taxpayer is subjected to is known as the effective tax rate. The effective tax rate for a company is determined by dividing its total federal and state income tax expenses by its pre-tax profits.

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In a business-to-business transaction, the seller offers the buyer a 2 percent discount for paying a bill early. If the buyer takes advantage of this offer, how much would be discounted on a $12,000 invoice? help asap​

Answers

If the buyer takes advantage of the 2 percent discount offered for paying early on a $12,000 invoice, the amount discounted would be $240.

What is the discount?

Generally, The practice of transforming a value acquired at a later time period into a value that is equal to one that is received immediately is known as discounting.

A dollar received in fifty years from now, for instance, may have a lower worth than a dollar received now; discounting assesses the relative value of money at different points in time.

To calculate this, you can multiply the invoice amount ($12,000) by the discount percentage (2 percent, or 0.02).

$12,000 x 0.02 = $240

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A policyowner may change two policy features on what type of life insurance?

Answers

Life Adjustable With an adjustable life insurance policy, the policyholder can modify the face value and premium of the insurance.

Which two life insurance plans are they?

Term and permanent life insurance are the two main types available. Permanent life insurance covers you for the rest of your life, whereas term life insurance only lasts for a specific period of time (often 10 to 30 years).

Which kind of term insurance permits the policyholder to change to permanent coverage?

As long as the policyholder continues to pay the insurance payment, convertible insurance enables the policyholder to convert a term policy that only covers the insured person for a set period of time into a policy that covers that person permanently.

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Why is soft skills communication important?

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To interact with the outside world and cooperate with one's coworkers, one needs soft skills.

All occupations can benefit from soft skills, commonly referred to as power skills, common skills, or core talents. These include intercultural fluency, leadership, professionalism, problem-solving skills, public speaking, professional writing, teamwork, digital literacy, and critical thinking. Hard talents, on the other hand, are particular to each career.

The word "skill" emphasizes the useful aspect. The phrase itself has a broad definition and refers to a certain capacity for completing activities, from simpler ones like learning how to kick a ball to more difficult ones like developing creative abilities. The capacity to regulate poorly controllable activities must be seen as a talent in this particular context.

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Apple acquiring P.A. Semi is an example of
a. forward horizontal integration.
b. backward vertical integration.
c. backward value chain integration.
d. forward value chain integration.
e. forward vertical integration.

Answers

The correct answer is b. backward vertical integration. Apple acquiring P.A. Semi is an example.

For many years, Apple Inc. has used a vertical integration strategy. Its software is installed on electronic devices and computer systems that Apple manufactures and assembles utilising hardware and components that are also produced by the business. One of the best instances of both forward and backward integration that has maintained success is Apple. By producing the semiconductors it uses in its phones, Apple integrates backward. Apple can manage production costs and chip quality by doing this. A company that generally distributes its apparel to department shops for retail sales but instead opens its own retail outlets is an example of forward integration.

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What are words for ownership?

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Ownership refers to the legal right to possess, control, and use a thing or property. It is a concept that is central to both legal systems and economic systems, as it governs the rights and responsibilities of individuals and entities in relation to physical and intangible assets.

The concept of ownership is also closely tied to the concept of property, which can refer to anything that can be owned, such as land, buildings, money, and personal possessions. The rights and responsibilities associated with property ownership can vary depending on the type of property and the legal jurisdiction in which it is located. For example, in some jurisdictions, individuals have the right to sell or transfer their property to others, while in others, certain types of property, such as land, may be subject to restrictions on ownership or transfer.

There are several words that can be used to express the idea of ownership:

PossessionProprietorshipOwnershipDominionMasteryControlSovereigntyAuthorityHoldTitleRightEstate, etc

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Which term describes an event where a person who does not have the reuired clearance or access caveats comes into possession of Sensitive Compartmented information (SCI)?

Answers

The term that best describes an event where a person who does not have the required clearance or access caveats comes into possession of Sensitive Compartmented Information (SCI) is compromised. Hence, the correct option is (C).

What Is Sensitive Compartmented Information?

Sensitive Compartmented Information (SCI) is a type of program that is used to create a classification of information with the aim of providing protection and also creating an optimal distribution system for that information. Here are some terms used in SCI:

Compromise: an event where a person does not have access to possession of SCI.Given: an event where a person has access to possession of SCI.Find: an event where the authority gives access to a person for accessing SCI.

The question is incomplete, but most probably your question was:

The term that best describes an event where a person who does not have the required clearance or access caveats comes into possession of Sensitive Compartmented Information (SCI) is

A. Find

B. Given

C. Compromised

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A non-performance consideration for considering rewards Include all except Multiple Choice
O Job seniority
O Job title
O weekend shift.
O 95 percent customer service satisfaction survey results.
O membership to local country club.

Answers

95 percent customer service satisfaction survey results.

What is a nonperformance consideration?

Non-performance is when you don't carry out your end of a contract. In our example of an equipment contract, a breach of the agreement would occur if the seller failed to provide the equipment in accordance with the terms of the agreement. You have broken the agreement if the vendor does provide the goods but you don't pay for them.

How are non-performance issues recognized?

When you meet, make sure to clearly state the non-performance issue, including what aspect of their job it pertains to and, less importantly, what aspect it DOES NOT pertain to.

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survey findings showing 95 percent customer satisfaction. In order to suit their demands, they must have the ability to customize and alter it immediately.

A customer service is defined as what?

Customer service is the assistance you provide to make sure that your clients have a simple and satisfying experience with you, both before and after they purchase and utilize your goods or services. If you want to attract new clients and expand your clientele, you must provide outstanding customer service.

What does good customer service entail?

Good customer service practices. Customers will have a favorable opinion of you if you pay attention to what they have to say, recognize their needs, thank them, and foster a welcoming, happy environment. The likelihood of a satisfied consumer spending more money is higher.

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Is a 750 credit score good enough?

Answers

A CIBIL score of 750 or above in your credit report is ideal. It will aid in qualifying you for personal loans and credit cards. However, if your CIBIL score is below 750, you will find it harder to borrow funds from banks and NBFCs.

Define credit?Credit is the customer's ability to purchase products or services before making a payment, based on the expectation that they will have the means to pay for them in the future.Credit is a sum received that is displayed on the right side or column of an account in an entry recording for accounts.Your financial strength contributes to the credit. With the knowledge that you may make payments later, you can obtain what you need right away, like a credit card or a car loan. Making a plan to improve your mortgage ensures that you will ask for credit if necessary.The many financial reporting agencies that the borrowers use to determine the worth of the loan use your statement as the foundation to calculate your credit score.

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How do subsidies help domestic producers?

Answers

A subsidy is a financial assistance provided by a government or other organization to support a particular industry, business or activity.

Subsidies can help domestic producers by reducing their costs of production and increasing their revenue, which can make them more competitive in the domestic and international market. Some specific ways that subsidies can help domestic producers include:

1. Lowering production costs: Subsidies can be used to directly lower the costs of inputs such as energy, raw materials, or labor, making it cheaper for producers to make and sell their products.

2. Increasing demand: Subsidies can be used to increase demand for domestic products by making them more affordable to consumers. This can be achieved by providing subsidies to consumers or by implementing tariffs on imported goods, making them more expensive than domestic products.

3. Promoting innovation: Subsidies can be used to support research and development, and to promote new technologies, which can help domestic producers to improve the quality and efficiency of their products and services.

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