jociejacinto3901 jociejacinto3901

21-01-2021
Business

contestada

if there are two gas stations in a very small town then the gasoline industry is probably best characterised as

Respuesta :

ewomazinoade ewomazinoade

23-01-2021

Answer:

Oligopolistic

Explanation:

An Oligopoly is when there are few large firms operating in an industry.

When there are two firms in an industry, it is known as a duopoly

Oligopolies are characterised by:

price setting firms
product differentiation
profit maximisation
high barriers to entry or exit of firms
downward sloping demand curve

Answer Link

Otras preguntas

what is the aim of having good relationship with customers

Is it .. ( are you ) with Shawn or ( is you ) with Shawn? If neither, please correct it for me.

Gabe is driving to Florida for spring break. Two hours into the trip, he was 492 miles from his destination. Five hours into the trip, he was 330 miles from his

3X=5-2x english sentence

Write these values in order, starting with the smallest. 0.15 1/10 12% 1/20

Shrinking a presentation down into a few key points is known as which? a) Cut.ting out b) Ergonomics c) Simplifying d) Summarizing

What does point A represent on the graph? On a coordinate plane, a graph titled Chicken Salad Recipe has number of salads on the x-axis and Cups of chicken on t

How come when people in my family pass away, it doesn’t feel like they passed? It feel like they’re still here.

Novak Corp. had the following account balances at year-end: Cost of Goods Sold $61,200; Inventory $14,550; Operating Expenses $29,960; Sales Revenue $120,310; S

Which of the following is true of an Islamic diet?