subject
Business, 07.05.2020 12:00 lucy773

One of the three shops on campus that sell university logo clothing has found that if it sells a sweatshirt for $30 or more, the other two shops keep their prices constant and the store loses revenues. If, however, the shop reduces its price below $30, the other stores react by lowering their prices. What kind of market structure does this store face? A. Oligopoly. B. Monopolistic Competition. C. Monopoly. D. Perfect Competition. If the store's marginal costs fluctuate up and down very slightly, how should the store adjust its prices? A. Prices should fluctuate with marginal cost. B. Prices should stay the same since the store expects lost revenue whether it raises or lowers the price. C. Prices should fluctuate if revenues fall. D. None of the above.

ansver
Answers: 2

Another question on Business

question
Business, 21.06.2019 20:30
Which of the following mechanisms would be most likely to motivate managers to act in the best interests of shareholders? a) decrease the use of restrictive covenants in bond agreements, b) take actions that reduce the possibility of a hostile takeover, c) elect a board of directors that allows managers greater freedom of action, d) increase the proportion of executive compensation that comes from stock options and reduce the proportion that is paid as cash salaries, e) eliminate a requirement that members of the board directors have a substantial investment in the firm's stocks
Answers: 2
question
Business, 21.06.2019 23:00
Walmart’s scm system walmart is famous for its low prices, and you may have experienced its low prices first-hand. at least, you have probably seen its motto, “always low prices— always.” one of the biggest reasons walmart is able to sell at prices lower than almost everyone else is that it has a superefficient supply chain. its it-enabled supply chain management system is the envy of the industry because it drives excess time and unnecessary costs out of the supply chain. so, because walmart can buy low, it sells low. as a matter of fact, if your company wants to sell items to walmart for it to sell in its stores, you will have to do business with it electronically. if your company can’t do that, walmart won’t buy anything from you. log on to walmart’s web site (), search for supplier information, and find out what walmart’s requirements are for its suppliers to do business with it electronically. prepare a brief summary of its requirements for presentation in clas
Answers: 3
question
Business, 22.06.2019 00:00
Which statement is true of both presidential and parliamentary systems of government? a. the executive branch operates independently from the legislative branch. b. the members of the legislative branch are directly elected by the people. c. the head of government is chosen by members of his or her political party. d. the head of government is directly elected by the people
Answers: 1
question
Business, 22.06.2019 04:30
The lee family is looking to buy a house in one of two suburban areas just outside of a major city, and air quality is a top priority for them. overall air quality is calculated by taking measures in 100 locations within each suburb and then calculating a measure of central tendency. in one suburb, there is a major bus station that creates very poor air quality at its location but has no impact in the surrounding parts of the suburb. in this situation, which measure of overall suburb air quality would be most useful?
Answers: 3
You know the right answer?
One of the three shops on campus that sell university logo clothing has found that if it sells a swe...
Questions
question
Social Studies, 24.06.2019 04:30
question
History, 24.06.2019 04:30
Questions on the website: 13722360