# In some cases oligopolies can benefit society by:a)earning abnormal profits.b)taking advantage of scale economies to produce at low average cost.c)raising prices and reducing output.

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Answer 1
Answer: Answer:

b) taking advantage of scale economies to produce at low average cost.

## Related Questions

The owner of a greenhouse and nursery is considering whether to spend $6,000 to acquire the licensing rights to grow a new variety of rosebush, which she could then sell for$6 each. Per-unit variable cost would be $3. How many rosebushes would she have to produce and sell in order to break even ### Answers Answer: Break-even point in units= 2,000 Explanation: Giving the following information: Fixed costs=$6,000

Selling price= $6 each Unitary variable cost=$3

To calculate the break-even point in units, we need to use the following formula:

Break-even point in units= fixed costs/ contribution margin per unit

Break-even point in units= 6,000 / 3

Break-even point in units= 2,000

Refer to exhibit 5-5. If the airline charges a price that is between P1 and P2 for both aisle seats and middle seats, the result will beA. a surplus of middle seats and a shortage of aisle seats

B. a surplus of aisle seats and a shortage of middle seats

C. a shortage of middle seats and the equilibrium quantity of aisle seats

D. a shortage of aisle seats and the equilibrium quantity of middle seats

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Answer:

The correct answer is option (D) A shortage of aisle seats and the     equilibrium quantity of middle seats

Explanation:

An aisle seat in a plane is one which is situated at the end of a row and is always adjacent to the aisle. It it mostly preferable to other seats in the plane.

The middle seat is situated at the middle position.

From the question, if the price for the aisle and middle seat are between P1 and P2, passengers will demand for the aisle seat first which will lead to a shortage in aisle seat. Only then will the middle seat be demanded for until it reaches equilibrium with the aisle set.

According to Ghemawat's earlier observations of CAGE phenomena related to countries and relative distances measured with the framework, countries who share a common currency have a greater probablity of trading with each other than countries who share a common border.a. True
b. False

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Answer:

According to Ghemawat's CAGE framework, "countries who share a common currency have a greater probability of trading with each other than countries who share a common border."

a. True

Explanation:

The CAGE framework was developed by an international strategy guru, Pankaj Ghemawat.  CAGE is a cultural, administrative, geographic, and economic framework.  The framework offers businesses a means to evaluate the non-physical distances that exist between countries. With this more-inclusive view of distance, the CAGE framework provides another way for business to consider the location, opportunities, and risks involved in global trade or arbitrage.

Net income or net loss for a period is calculated by the following formula

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Revenues–Expenses–Current Debt = Net Profit or Net Loss

Answer:none of above

Explanation:

The shareholders of Flannery Company have voted in favor of a buyout offer from Stultz Corporation. Information about each firm is given here:

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Answer:

The answer is "\$4.311".

Explanation:

Calculating the EPS after the merger:

Which of the following probably occurred as the U.S. economy experienced increasing real GDP in 1954? Check all that apply.Car sales declined.

Total real income increased.

The unemployment rate declined.

Corporate profits increased.

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Answer:

The answer are: total real income increased, the unemployment rate declined; Corporate profits increased.

Explanation:

As real GDP increases, people/entities in the economy enjoy actual increase in their income ( income adjusted for inflation effect), thus they will tend to spend more, making "car sales declined" a wrong answer whil "total real income increased" the right one.

Higher spending also means demand for goods and services are higher helping to boost the corporate's profit up. Once the profit is higher, corporate will have plan to expand their business leading to a higher demand in labor which in turn reduce the unemployment rate.

Answer:

B

Explanation: