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Why would the music industry be an example of an oligopoly?
The music industry is dominated by a few large firms which dominate the market, thus enabling the industry to exert its market influence. They also partake in collusion to ensure that barriers to entry into the music industry remain high for new firms to enter. The characteristics of an oligopoly are as follows: Few, large number of firms dominate the market. High barriers to entry Long run abnormal profits Price makers- have the ability to determine market price. Maximise profits where MC=MR. The music industry fits into the above characteristics and therefore is considered to be an oligopoly.
What type of economy best fits this description Consumers help to determine the distribution of goods.?
market
What type of economy best fits the description producers reacting to consumer choices provide most answers to the basic economic questions?
market
What type of economy best fits this description by buying or not buying goods and services consumers are helping provide answer to the basic economic questions?
Market ... A+LS
What type of economy best fits description the average person has the freedom to make economic decision?
market A+
Why would the music industry be an example of an oligopoly?
The music industry is dominated by a few large firms which dominate the market, thus enabling the industry to exert its market influence. They also partake in collusion to ensure that barriers to entry into the music industry remain high for new firms to enter. The characteristics of an oligopoly are as follows: Few, large number of firms dominate the market. High barriers to entry Long run abnormal profits Price makers- have the ability to determine market price. Maximise profits where MC=MR. The music industry fits into the above characteristics and therefore is considered to be an oligopoly.
What is a sub market?
A sub market will be an alternative market to which to market to. In other words, a secondary market that originally was not the primary market of your company's goals but fits the profile for marketing to.
What is Costco organizational structure?
Analysis reports say Costco has independent boards for each department. The organizational structure that fits that approach is divisional structure.
Choose the term that fits this definition.morphology?
the study of the internal structure of words in a language
What factors affecting your decision in choosing a course?
When choosing a course, I consider my personal interests and passions, ensuring the subject aligns with my career goals. Additionally, I evaluate the course's reputation, including faculty expertise and industry connections, as well as job market demand for graduates in that field. Lastly, I assess the course structure, including practical opportunities and flexibility, to ensure it fits my learning style and lifestyle.
How your role fits into your organisation structure and contributes to its operation?
Is very important to any organizational structure. The leadership role also contributes greatly to the operation of the organizational structure.
Is is possible to have a universal optimal capital structure for all firms?
No, a universal optimal capital structure for all firms is not feasible due to the diversity in industry characteristics, business models, risk profiles, and market conditions. Each firm has unique factors such as growth potential, asset types, and operational risks that influence its capital needs and cost of capital. Moreover, external factors like economic conditions and interest rates further complicate the notion of a one-size-fits-all capital structure. Therefore, optimal capital structures must be tailored to the specific context of each firm.
What type of economy best fits this description Consumers help to determine the distribution of goods?
market
What type of economy best fits this description Consumers help to determine the distribution of goods.?
market
What type of economy best fits the description producers reacting to consumer choices provide most answers to the basic economic questions?
market
What type of economy best fits this description by buying or not buying goods and services consumers are helping provide answer to the basic economic questions?
Market ... A+LS
What type of economy best fits description the average person has the freedom to make economic decision?
market A+
