Identify a true statement about oligopoly
A) ?It is a market structure that has many competitors selling virtually identical products.
B) ?Firms in an oligopoly market structure typically avoid price competition.
C) ?Agriculture exemplifies an oligopoly market structure.
D) ?It has a single producer completely dominating the industry, leaving no room for competitors.
B
You might also like to view...
Sasha and Michelle form a partnership. Sasha contributes $16,000 cash and merchandise inventory with a current market value of $3000. While journalizing this transaction ________.
A) Merchandise Inventory will be credited for $3000 B) Merchandise Inventory will be debited for $3000 C) Merchandise Inventory will be credited for $13,000 D) Merchandise Inventory will be debited for $13,000
Spencer Company had overapplied factory overhead of $5,00 . last year. Which of the following statements is not true?
a. A higher level of production may have been achieved than budgeted for. b. The Work in Process account was overcharged for the costs of factory overhead incurred during the period. c. The actual factory overhead expenses may have been less than budgeted for the operating level achieved. d. Assuming the amount is not material enough to distort net income, Cost of Goods Sold should be increased by this amount.
Lean operations ______.
A. have the goal of eliminating waste of any kind B. impact manufacturing but not service organizations C. produce only short-term benefits D. are required for ISO certification
Design for logistics is ______.
a. the process of designing a product so that it can be transported easily by the customer to its place of use b. the process of designing a product so that it can be transported easily through the supply chain c. the process of designing a product so that it matches up well with the capabilities of a firm’s supply chain members d. the process of designing the supply chain so that it is capable of producing inputs to the primary firm