1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Troyanec [42]
1 year ago
6

Which of the market structures has unrestricted entry and exit, many sellers of the product and some ability to set the price?a.

oligopoly. b. perfect competition.
Business
1 answer:
Hoochie [10]1 year ago
5 0

Unrestricted entry and exit, numerous suppliers of the good, and some control over price setting are characteristics of monopolistic competition.

When a large number of businesses provide rival goods or services that are comparable but imperfect alternatives, monopolistic competition exists. A monopolistic competitive industry has minimal entry requirements, and decisions made by any one firm do not immediately affect those of its rivals. The price and marketing choices made by the rival companies serve as their points of differentiation. Between a monopoly and perfect competition, monopolistic competition exists, combines aspects of both, and comprises businesses with comparable but distinct product offerings.

Industries with monopolistic competition include those in restaurants, hair salons, household goods, and clothes.

To learn more about Monopolistic competition here

brainly.com/question/28189773

#SPJ4

You might be interested in
An investigator conducting a study of a medical device under an ide is required to complete and sign
Anika [276]

An investigator conducting a study of a medical device under an ide is required to complete and sign an investigator's agreement. It is a statement of the investigator's commitment to conduct the investigation in accordance with the agreement, the investigational plan, the IDE and other applicable FDA regulations, etc., it also supervise all testing of the device involving human subjects, and ensure that the requirements for obtaining informed consent are met.

8 0
2 years ago
Valutech Manufacturing uses job order costing for its production of MP3 players. The cost incurred for the current year for the
lyudmila [28]

Answer:

$65 per unit

Explanation:

For computing the cost per unit first we have to determine the cost of goods manufactured which is shown below:

Cost of goods manufactured = Opening work in process + direct material cost + direct labor cost + manufacturing overhead cost - ending work in process

= $10,000 + $12,000 + $6,000 + $4,000 - $6,000

= $26,000

And, there is a production of 400 MP3 players

So, the cost per unit is

= $26,000 ÷ 400 MP3 players

= $65 per unit

8 0
2 years ago
Grengens, a European chocolate manufacturer, received several complaints from customers about the quality of its product when it
Kay [80]

Answer:

Letter E is correct. <u>Product disapprobation.</u>

Explanation:

In this matter, we can say that the factor that probably dictated the adaptation of Greengens products in this scenario was the product's disapproval.

This failure of the chocolate company Greengens was due to some management error and analysis of the market in question. When entering an international market, the company must analyze a series of important variables for the product to be accepted by the local public, no matter how standardized the product is, there are some local characteristics that should not be disregarded, such as local values, culture , needs, tastes, etc., which means that an adaptation of a product or service is necessary for it to be actually accepted and consumed in a given country.

4 0
3 years ago
Nicole works from home full-time for a non-profit organization. She receives work from and sends work to the office via a comput
BartSMP [9]

Answer:

telecommuting

Explanation:

Telecommuting is also generally referred to as teleworking and it can be defined as an act which typically involves the process of completing a job function, tasks or work assignments through the use of the internet and in a location other than the office itself.

In this scenario, Nicole works from home full-time for a non-profit organization. She receives work from and sends work to the office via a computer and modem. Thus, this is an example of telecommuting.

3 0
2 years ago
Each of the following are types of__________allocation methods:
storchak [24]

Answer:

Each of the following are types of Overheads allocation methods.

Explanation:

Factory overheads such as rent, electricity or water can not be traced directly to a cost object.

When determining the cost of a cost object these overheads are apportioned to departments they pass through for processing  or the actual job using an allocation method.

The common methods for allocating overheads are plant-wide rate method, departmental overhead rate method and activity-based costing method.

5 0
3 years ago
Other questions:
  • Gamma is a company that develops software to help businesses with data processing. Their software performs multiple business fun
    6·1 answer
  • What is the hourly wage of an orthodontist in 2012
    15·2 answers
  • Emerging adults are in a high-risk category for _____.
    12·1 answer
  • Alice earned $12 per hour. What equation shows the relationship between her
    5·2 answers
  • If a ppf has a negative slope and is bowed​ out, we experience​ ________ opportunity costs as we continue to move down and to th
    9·1 answer
  • _____ reflects performance in brief, special circumstances that demand a person's best effort.
    10·1 answer
  • In terms of innovation streams, what ____ occurred when customers purchased flat-screen computer monitors to replace the older,
    10·1 answer
  • Which of the following is NOT a cost typically associated with owning a car?
    9·1 answer
  • G free ltd intends reducing the number of suppliers they use by 50% analyse how reducing the number of suppliers could imporve g
    13·1 answer
  • If fixed costs are $10,000 and variable costs are constant at $1.00 per unit over the relevant range of output, what will the av
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!