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2 months ago

a market is considered to be a(n) when the largest four firms in an industry control more than 40% or more of the market..

1 answer:

4 0

The phenomenon "a market is considered to be a(n) when the largest four firms in an industry control more than 40% or more of the market" is known as an oligopoly.

<h3>What is an oligopoly?</h3>

Generally, an Oligopoly is a kind of market structure in which a few major sellers or manufacturers control a market or industry. Oligopoly may refer to either a market or an industry.

Oligopolies are often the consequence of a drive to maximize profits, which frequently results in a collaboration between competing businesses.

Oligopoly refers to a market structure that is defined by a limited number of enterprises that are aware that their pricing and production strategies are depending on one another.

The number of businesses is low enough that each one may have some influence on the market.

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2 years ago

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Omega corporation and precision products, inc., are the principal suppliers of their product in their market. they agree that om

seraphim [82]

Answer:

A per se violation

Explanation:

A per se violation is one that violates antitrust laws for example agreements made that violates the Sherman antitrust act. It has adverse effects on the competitiveness of a market.

Sherman antitrust act of 1980 is aimed at regulating competitiveness in a market. It prohibits anticompetitive agreements, and unilateral activities that tries to monopolize a market.

In this scenario Omega corporation and precision products, inc., are the principal suppliers of their product in their market. They make an agreement that one will focus on retailers and the other on wholesalers.

This is an attempt to monopolize the market by the two principal suppliers, and is a violation of the Sherman antitrust act.

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2 years ago

When trying to assess your economic well-being you should:

Alex_Xolod [135]

Answer:

The correct answer is A

Explanation:

Economic well being is described or states as having the future as well as the present financial security. It involves the ability to make the choices of the economic and have a sense of satisfaction, security and the personal fulfillment with the one's employment pursuit and the personal finances.

So, in order to assess or evaluate the economic well being, one should compare the situation of his or her economic well being with that of most of the people who are alive today.

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2 years ago

Which of the following forms provides the broadest coverage under an employee theft coverage form?

Anvisha [2.4K]

Answer: (D) Blanket position

Explanation:

The blanket position is one of the type of form that helps in providing the broadcast coverage that covers all the employees in all type of position. It is also know as the blanket fidelity.

The main purpose of the blanket position bond is that for providing the employees theft coverage in the form of coverage securities, money and the properties.

The coverage is basically base on the different types of designed position and may also differ according to the different types of positions.

Therefore, Option (D) is correct.

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2 years ago