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PSYCHO15rus [73]
2 years ago
9

A market that has no barriers to entry and many small firms selling products that are slightly different from one another is bes

t described as:
Business
1 answer:
USPshnik [31]2 years ago
5 0

If the market has small firms selling products that are slightly different from one another this is called: monopolistic competition.

<h3>What is monopolistic competition?</h3>

Monopolistic competition can be defined as a form of competitive market which has different manufacturers selling products or goods and service that are not similar or that are a little bit different from each other.

In this type of market many producers can sell their products reason being that their is no any form of limitation or barriers to entry the market.

Inconclusion if the market that has no barriers to entry and many small firms selling products this is called:monopolistic competition.

Learn more about monopolistic competition here:brainly.com/question/25717627

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Goods are complements if an increase in the price of one causes a __________ in the demand for the other
ASHA 777 [7]

Answer: decreases

Explanation: In simple words, complementary goods are those goods which have negative relation with each other in respect of price and demand. The usage of one good is dependent on other in case of complementary relation.

For example - Petrol and petrol car are complementary goods, if the price of petrol increases the demand for petrol cars will decrease.

Hence we can conclude that the right answer to the given problem is decrease.

7 0
3 years ago
Welch Corporation is planning an investment with the following characteristics (Ignore income taxes.): Useful life 12years Yearl
Vlada [557]

Answer:

$339,600

Explanation:

The internal rate of return is the relationship between the price of the equipment and their yearly cash flow. the IRR makes the net present value equal to zero thus, it makes the present value of the yearly cashflow equal to the cost:

C \times \frac{1-(1+r)^{-time} }{rate} = PV\\

C 60,000.00

time 12

rate 0.14

60000 \times \frac{1-(1+0.14)^{-12} }{0.14} = PV\\

PV $339,617.5275

<em><u>From the given option:</u></em>

$ 339,600 is the closest option.

7 0
3 years ago
Operations management deals with the set of activities that create value in the form of goods and services by transforming input
blondinia [14]

Answer:

The statement is True.

Explanation:

The operations management of any organization is responsible to create value for the organization by transforming raw material into finished goods and convert input into output. The operation management deals with set of activities and follows all the guidelines and operating procedures in order to create value for the organization and achieve ultimate goals of the company.

4 0
4 years ago
Nelson Ovalles worked as a cable installer for Cox Rhode Island Telecom, LLC, under an agreement with a third party, M&amp;M Com
Illusion [34]

Answer:

No.

Explanation:

Ovalles was an M&M contractor to perform work assigned by M&M. As the question says, <em>"Cox had minimal contact with him and limited power to control the manner in which he performed his duties."</em>.  That is the main feature of a contractor, different from an employee who works directly for Cox. The liability is completely of M&M.

5 0
3 years ago
One of the largest expense categories for most businesses is:__________A) advertisingB) research and developmentC) payrollD) pro
kiruha [24]

Answer:

C) payroll.

Explanation:

Expenses can be defined as the amount of cost that is being incurred in the generation of revenue and smooth operations or running of a business by an organization or business firm. There are basically two (2) types of expenses associated with business and these are; operating and non-operating expenses.

One of the largest expense categories for most businesses is payroll. A payroll can be defined as a comprehensive list of employees working for an organization and are eligible to receive wages, as well as the amount of money that they are entitled to receive. It constitutes about 70% of an organization's total expense or overhead.

4 0
3 years ago
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