Question: QCM2 Given below is an excerpt from a management performance report of a cost centre: Budget_ Actual Contribution margin $1,000,000 $1.100.000 Controllable fixed costs $

QCM2 Given below is an excerpt from a management performance report of a cost centre: Budget_ Actual Contribution margin $1,000,000 $1.100.000 Controllable fixed costs $ 500,000 $ 460,000 The difference between budgeted and actual controllable margin will show a difference of 5100,000 Favourable 5140,000 Unfavourable $100,000 Unfavourable $140.000 Favourable

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LO14.2 Discuss how game theory relates to oligopoly.

LO14.5 Discuss the efficiency of oligopoly from societys standpoint and whether it is more or less efficient than monopoly.

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