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2 years ago

Which situation could be the best example of an oligopoly?

Business

2 answers:

AURORKA [14]2 years ago

5 0

Answer:

B. A new producer of a smart phone operating system is trying to enter the market but cannot because most cell phone makers use one of two popular operating systems.

Explanation:

I got it correct on Edg.

Darya [45]2 years ago

3 0

Answer:

The answer is most likely A. new producer of power tools has entered the market and is relying on low prices to attract consumers.

Explanation:

In an oligopoly, there is only a handful of companies operating in the industry and they all present similar types of goods and services (but they can differ too)

The goods and services are closedly priced in an oligopoly market. This means that the price between the goods offered by the companies in the market do not change much between the companies.

So a new manufacturerentering the market has to use a market penetration strategy and set the prices low.

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You have an opportunity to acquire a property form First Capital Bank. The bank recently obtained the property from a borrower w

love history [14]

Answer:

Acquiring the property will not be profitable. This is supported by the computation below;

Cash outflow required;

Offer cost $200,000

Other acquisition cost $10,500

Repairs cost $12,000

Selling expenses and fee $3,000

Loan Interest (180,000x8%) $14,400

Total $239,900

Expected selling price $225,000

Expected Loss $14,900

Explanation:

It is assumed that the $180,000 loan from the bank will be completely absorbed in the process of bringing the property into a good selleable condition. Also, the interest payable on loan will be paid monthly which will affect the liquidity of the buyer. Except funds are sought for somewhere else, the buy can not pay for the initial cost of the property. The venture will not be profitable.

Workings:

Cash outflow required;

Offer cost $200,000

Other acquisition cost $10,500

Repairs cost $12,000

Selling expenses and fee $3,000

Loan Interest (180,000x8%) $14,400

Total $239,900

Expected selling price $225,000

Expected Loss $14,900

7 0

2 years ago

Curtis purchased inventory on December 1, 2020. Payment of 250,000 stickles was to be made in sixty days. Also on December 1, Cu

jek_recluse [69]

Answer: $0

Explanation:

Forward contracts get their value from the cost and on December 1, there was no cost to Curtis as he Curtis had just signed the contract.

This means that the amount that should be recorded for the Forward Contract should be $0. Even though the contract is valued at $0, it will still need to be credited against the amount to be received to at least recognize that a forward contract was entered into.

3 0

1 year ago

Kanska, an application development firm, received a contract to develop a mobile application for a company. The brief mentioned

Serjik [45]

Answer:

The information provided to Kanska was insufficient.

Explanation:

The onus was on the company to provide all the necessary information for Kanska to work with.

An application development firm only creates applications based on the requirements gathered from clients and if clients don't divulge all necessary information, there is bound to be dissatisfaction in service when the mobile application is provided.

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1 year ago

Chuck Olson, age 16, buys a used car from Bobby Duncan Used Cars Center on September 15, 2006. Olson agrees to pay $200 a month

lukranit [14]

Answer:

Olson can successfully press charges and force Duncan to take care of the damages caused to the car ( D )

Explanation:

Chuck Olson age 16 ( a minor ) can successfully press charges and request/force Bobby Duncan used cars center to take care of the damages caused to the car. this is because according to traditional common laws a contract entered by a minor is considered null and void hence Olson can successfully disaffirm the contract and Bobby Duncan would have to accept the damages and take care of them.

A minor is not required by traditional common law to entered into any form of obligatory contract.

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2 years ago

Rupert runs his own company and does all the hiring personally to ensure. Fit with the rest of the organization he’s built, wich

Westkost [7]

Do know how to follow instructions and work as a team

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2 years ago