The correct options are as follows:
1. <span>In a major metropolitan area, one chain of coffee shops has gained a large market share because customers feel its coffee tastes better than that of its competitors.
The scenario given above does not describe a competitive market. This is because, the product that is concerned is not a standardized product. For a market to be competitive, the product been sold must be identical and homogeneous.
2. T</span><span>wo taxi companies serve most of the market in a big city. consumers don't care which taxi company they take, if they decide it's worth taking a taxi, they flag down the nearest one.
</span>The scenario above does not describe a competitive market. This is because, the market is not made up of many sellers. For a market to be competitive, there must be many sellers.
3. The government has granted the U.S. postal service the exclusive right to deliver mail.
The scenario above does not describe a competitive market. This is because, the entry to the market had been restricted by the US government. For a market to be considered competitive, there must be free entry into the market, no barrier must be in place to prevent those who want to enter the market.
4. T<span>here are hundreds of high school students in need of algebra tutoring services in Philadelphia. dozens of companies offer tutoring services, and the parents who seek out tutors view the quality of the tutoring at the different companies to be largely the same.
The scenario above describe a competitive market. This is because, it meets all the criteria for a competitive market. There are many producers, many consumers and a homogeneous product.</span>
In this text, we learn about the behaviour of the government official responsible for signing the contract. The official appears to be demanding money known as a "finder's fee." However, this was not part of the official agreement, and appears unethical to you. The official justifies it by saying that it is common place in his country. These actions would be considered both ilegal (because they go against the law) and unethical (because they do not follow the values that society accepts as fair). Some executives might think that reacting in this way can cause American corporations to suffer a competitive disadvantage. However, I disagree. While in some cases this might mean that American corporations cannot compete with other, more corrupt corporations, following the law is likely to lead to peace and stability, which ultimately benefits corporations.
The answer is bear market. This is a market situation in
which the values of securities are dropping, and extensive doubt causes the
negative sentimentality to be self-sustaining. As savers get ahead losses in
a bear market and vending continues, pessimism only
grows.
Answer:
nonprice competition
Explanation:
The strategy that Joe's Gym is using gives<u><em> differentiated services</em></u> to the users when compared to the competition, but Joe's Gym do not change prices.