Describe the term oligopoly and the role of the government in terms of price regulation in these industries.
What will be an ideal response?
An oligopoly exists where there are a few, large sellers in the industry whom behave similarly.
Some have become very large and have an enormous ability to influence price. In oligopolies there is a
tendency for price leadership by one of the larger enterprises. Thus, government regulates prices in some
of them, such as utilities.
Some industries, such as real estate and insurance, tend to charge identical commissions or establish
premiums from rate books available to all enterprises in the industry.
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Identify a true statement about the financial terms and conditions of a sale.
A. Free on board (FOB) installed indicates that title and responsibility of an equipment are transferred before it is installed and operating properly. B. The terms and conditions of a sale do not include shipping costs. C. Promo codes encourage large purchases by passing along savings resulting from reduced processing costs. D. Figuring out the final actual price is easy, especially in situations with many options and packages rather than standardized products. E. Factors that affect price are the use of quantity and other discounts, as well as credit and shipping terms.
When others' expectations exceed one's ability, ______ has occurred.
A. Burnout B. Role overload C. Learned helplessness D. Role conflict E. Role ambiguity
________ consists of putting goods in boxes or trailers that are easy to transfer between two transportation modes
A) Containerization B) Haulage C) Inventory carrying D) Order processing E) Warehousing
Which of the following is not one of the central challenges facing the online retail industry?
A. lack of physical store presence B. consumer concerns about the privacy of personal information C. inconvenience in returning goods D. delivery delays