If a firm in a purely competitive market can differentiate its product or service, it becomes part of a(n) ________ market.

1 answer:

5 0

If a firm in a purely competitive market can differentiate its product or service, it becomes part of a monopolistic competition market.

Monopolistic competition is a type of imperfect competition in which many manufacturers compete with each other, but sell different products, so they are not perfect substitutes.

These sellers can calculate their prices based on the uniqueness of the products they are offering, so you cannot compete on price. Also, this company that

has full control or is trying to have full control of something, especially has areas of business that no one else is involved with. She didn't think the fines would be a sufficient deterrent to monopoly practices by large manufacturers. The company has been accused of monopolistic conduct.

Learn more about monopolistic here

brainly.com/question/25717627

#SPJ4

You might be interested in

Imagine that you are the CEO of Wal-Mart. Pick three ways discussed in this section to explain how you would improve customer se

iren [92.7K]

Answer:

make sure workers aren't slacking and helping customers

4 0

3 years ago

Albert is the manager of a large retail store, with the authority to hire employees. The store does not have a specialized human

anastassius [24]

Answer: An availability bias

Explanation: An availability bias is simply defined as the tendency for people to base their judgments on information that is easier to recall than on those that require extensive use of memory. It is also given as an unrecognized tendency of decision-makers to give preference to recent information, vivid images that evoke emotions, and specific acts and behaviors that they personally observed. Albert by asking questions that come to his mind easily as a result of inadequate preparation which leads to his hiring poor quality employees indicates an availability bias.

6 0

3 years ago

In order to provide more complete information, u.s. gaap allows that any significant noncash investing and financing activities

vampirchik [111]

It is reported as foot notes in cashflow statement or in the notes of financial statements.

When an income statement is converted to cash flows from operational operations, noncash items like as depreciation and nonoperating profits and losses are not included. Non-cash investing and financing entails making an investment or purchase using financial instruments other than cash.

The Generally Accepted Accounting Principles (GAAP) are a collection of generally observed financial reporting accounting standards and regulations. The four main constraints of GAAP are objectivity, the materiality, the consistency, and the prudence.

Companies are required by both IFRS and US GAAP to declare any substantial non-cash investment and financing operations, either as a footnote at the bottom of the statement of the cash flows or in notes to the financial statements.

Therefore, the answer is the bottom of the statement of the cash flows or in the notes to financial statements.

To know more about U.S Gaap click here:

brainly.com/question/17327177

#SPJ4

6 0

2 years ago

Stocks X and Y have the following data. Assuming the stock market is efficient and the stocks are in equilibrium, which of the f

Lapatulllka [165]

Answer:

B. One year from now, Stock X's price is expected to be higher than Stock Y's price.

Explanation:

Hope it helped...Please mark brainliest. Have a nice day!

7 0

3 years ago

In the early days of book publishing, publishers functioned as:

podryga [215]

The publishers in the early days of book publishing are considered to be no other than just a printer for they are able to publish books and have them written on a reading material which is why they are functioned to be as printers.

3 0

3 years ago