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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

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​small businesses are hesitant to involve in global business because it:
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3 years ago
Atlas Hardware buys power tools with a list price of $25,500. If the supplier offers trade discounts of 10/20/5, find the trade
ladessa [460]

Answer:

$8058

Explanation:

10/20/5 stands for a series of discount rates applicable on the list price. It means on total amount, 10% discount is allowed, then post deduction of this 10%, a further 20% on the balance is allowed and then a further 5% is allowed on the balance.

In the given case, single equivalent discount would be calculated as follows,

$25,500 × 10% = $2550

Then, ($25,500 - 2550) × 20%= $4590

Then, ($25,500 - 2550 - 4590) × 5% = $918

Single equivalent discount amount = $2550 + 4590 + 918 = $8058

4 0
3 years ago
Scarcity exists when there are _______ resources available to satisfy all the competing uses.
tamaranim1 [39]

Scarcity exists when there are limited resources available to satisfy all the competing uses.

<h3>What is scarcity?</h3>

When the demand for a resource or a product is more than its actual supply in the market, such a condition in the market is regarded as scarcity.  For example, in deserted regions there is a scarcity of water.

Hence, the significance of scarcity is aforementioned.

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6 0
2 years ago
Which of the following is true of investors using options to manage​ risk? A. Investors can hedge against a price decline by buy
Virty [35]

Answer:

A. Investors can hedge against a price decline by buying a call option.

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A call option is a contract the gives an investor the right, but not the obligation, to buy a certain amount of shares of a security at a specified price at a later time.

3 0
3 years ago
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