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DedPeter [7]
2 years ago
9

In San Francisco there are many restaurants that specialize in a wide variety of cuisines. Patronage at these restaurants is inf

luenced by factors such as tastes, price, and location. This market is A) perfectly competitive. B) monopolist
Business
1 answer:
Verdich [7]2 years ago
6 0

In San Francisco, there are many restaurants that specialize in a wide variety of cuisines. Patronage at these restaurants is influenced by factors such as tastes, price, and location. This market is option (b) i.e, monopolistically competitive.

<h3>What is monopolistically competitive?</h3>

An industry with a lot of companies offering similar (but not identical) replacement goods or services is known as one with monopolistic competition. In a monopolistic competitive industry, there are few barriers to entry and exit, and no firm's decisions directly affect those of its rivals.

Monopolistic competition is characterized by a number of features.

  • slight variations in the goods and services,
  • Free access to the market and exit
  • many businesses
  • Profits from incomplete consumer knowledge

Consumer electronics, apparel, restaurants, and hair salons are a few examples of industries with monopolistic competition. Each business delivers goods that are comparable to those of other businesses in the same sector. They can, however, set themselves out through branding and marketing.

To know more about monopolistic competition refer to:  brainly.com/question/13686157

#SPJ4

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Jamie McFarland has determined that the value of her liquid assets is $4,700, the value of her real estate is $128,000, the valu
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Answer:

Explanation:

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6 0
1 year ago
On January 1, JC Co. accepted a 60-day, 6%, note in the amount of $10,000 from a customer. On March 2, the due date of the note,
sammy [17]

Answer:

Cash account in the amount of $10,100

Explanation:

The journal entry to be recorded for the receipt of payment is as:

Cash A/c.............................................Dr $10,100

        Note receivable A/c...................Cr  $10,000

        Interest Revenue A/c..................Cr  $100

Being recoded the receipt of payment

As payment is received so asset is increasing and any increase in asset is debited. Therefore, cash account is debited. And the note receivable got decrease will be credited and the interest revenue is also credited.

Computation of interest revenue is as:

Interest revenue = Amount × % of note × Days / Number of days in a year

= $10,000 × 6% × 60 / 360

= $100

Note: Assume 360 days in a year

3 0
3 years ago
Interest rates and the price of old or existing bonds are a. directly related. b. independent of each other. c. inversely relate
STALIN [3.7K]

Answer:

Option C, “inversely related” is the correct answer.

Explanation:

Option “C” is the correct answer because if the interest rate on the bonds falls then its demand rises. Thus, its rising demand will derive up the price of bonds. If the interest rate rises then the demand for bonds will fall and this will reduce the price of bonds. Therefore, this condition shows the inverse relationship between the interest rate and bond price

7 0
3 years ago
What business messages are better organized directly, and which is better organized indirectly?
Karo-lina-s [1.5K]

Generally speaking, a business message expressing negative news (reader will react negatively) should be organized indirectly. The message should be delivered among other information and should not stand out. This is only appropriate if it is practical to deliver the message in this way (immediate action is not required). A more positive message should be prominent in the communication and expressed in a more direct way, since it is assumed that the reader will react positively. 

7 0
3 years ago
Imagine that you work in a call center. Your manager tells you that you need to answer 25% more calls per hour. In order to do t
vesna_86 [32]

Answer:

By answering more phone calls but providing worse service, you ARE being EFFICIENT but NOT <u>SATISFY CUSTOMERS' NEEDS</u>.

Explanation:

A worker's efficiency is measured by the total output per hour of labor. In this case, since you are answering more calls per hour, your efficiency is increasing (higher output per hour).

The quality of the service provided by a worker's is measured by the quality of their output (or performance), and if you satisfy your customers' needs. Since the service that you are providing is not that good, then your quality levels are decreasing.

You may be producing more services, but the services produced lack good quality.

5 0
3 years ago
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