subject
Business, 20.04.2021 20:40 SunsetPrincess

Supply, Demand, and Competition OPEC is a great example of an oligopoly where there are only a few producers of a good, which in this case is Oil. The 1973 crisis definitely highlighted the power that one organized group can have. In this case, how would having more competition between sellers have changed the way this event played out? This would be an example of monopolistic competition.

(reading is oil crisis of 1973)

ansver
Answers: 1

Another question on Business

question
Business, 22.06.2019 07:30
When selecting a savings account, you should look at the following factors except annual percentage yield (apy) fees minimum balance interest thresholds taxes paid on the interest variable interest rates
Answers: 1
question
Business, 22.06.2019 17:50
On january 1, eastern college received $1,350,000 from its students for the spring semester that it recorded in unearned tuition and fees. the term spans four months beginning on january 2 and the college spreads the revenue evenly over the months of the term. assuming the college prepares adjustments monthly, what amount of tuition revenue should the college recognize on february 28?
Answers: 2
question
Business, 22.06.2019 18:00
What would not cause duff beer’s production possibilities curve to expand in the short run? a. improved manufacturing technology b. additional resources c. increased demand
Answers: 1
question
Business, 22.06.2019 19:40
The common stock of ncp paid $1.35 in dividends last year. dividends are expected to grow at an annual rate of 5.30 percent for an indefinite number of years. a. if ncp's current market price is $22.57 per share, what is the stock's expected rate of return? b. if your required rate of return is 7.3 percent, what is the value of the stock for you? c. should you make the investment? a. if ncp's current market price is $22.57 per share, the stock's expected rate of return is
Answers: 3
You know the right answer?
Supply, Demand, and Competition OPEC is a great example of an oligopoly where there are only a few...
Questions
question
Mathematics, 29.10.2020 15:30
question
English, 29.10.2020 15:30
question
English, 29.10.2020 15:30
Questions on the website: 13722367