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olga_2 [115]
3 years ago
14

A monopolistically competitive market has characteristics that are similar to:a. a monopoly only.b. a competitive firm only.c. b

oth a monopoly and a competitive firm.d. neither a monopoly nor a competitive firm.
Business
1 answer:
Ber [7]3 years ago
4 0

Answer:

c. both a monopoly and a competitive firm

Explanation:

A monpolistically competitive firm is a firm that has the features of both a monopoly and a competitive firm

Characteristics of a monopoly in a monpolistically competitive firm:

1. Products are differentiated in a monpolistically competitive firm.

2. Firms are price setters.

Characteristics of perfect competition in a monpolistically competitive firm:

1. There is free entry and exist into the industry.

2. There are many sellers

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Who pays the tax does depend on who writes the check to the government?
mina [271]
Who pays the tax does NOT depend on who write the check to the government.
Who pays the check ultimately depend on the elasticity of supply and demand. This is because, suppliers have several ways of passing the taxes levied on them by the government to the consumers in form of increase in price of their products. But this also depend on the elasticity of the products, because if the prices are too high, some customers may decide to buy somewhere else or to go for a substitute.<span />
4 0
3 years ago
Explain one impact on business of rising interest rates
Tanya [424]
The rising interest rates make it harder to start concrete businesses (worse loans) so an impact would be online businesses gaining popularity.
8 0
3 years ago
If a firm in a purely competitive market can differentiate its product or service, it becomes part of a(n) ________ market.
k0ka [10]

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

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5 0
1 year ago
Thomas Kratzer is the purchasing manager for the headquarters of a large insurance company chain with a central inventory operat
Cerrena [4.2K]

Answer:

a. 208.57 units

b. 104.29 units

Explanation:

a. The computation of the economic order quantity is shown below:

= \sqrt{\frac{2\times \text{Annual demand}\times \text{Ordering cost}}{\text{Carrying cost}}}

= \sqrt{\frac{2\times \text{6,000}\times \text{\$29}}{\text{\$8}}}

= 208.57 units

b. And, the average inventory is

= Economic order quantity ÷ 2

= 208.57 units ÷ 2

= 104.29 units

We simply applied the above formulas for calculation of the economic order quantity and the average inventory and the same is shown above

5 0
3 years ago
Consider a four-step serial process with processing times given in the following list. There is one machine at each step of the
Bas_tet [7]

Answer:

the hours after roundinf off = 54 hours

Explanation:

Solution :

The rate of system is defined by machine with largest time per unit i.e. bottleneck resource.

In this case, biottleneck is Step : 3 with time 30 min per unit.

So system requires 30 * 105 min = 30 * 105 / 60 hours = 52.5 hours at bottleneck.

time for first unit at Step 1 and 2 and for last unit at step 4 is - 25 + 15 + 20 - 60min - 1 hr.

So total time for system is 52.5 + 1 = 53.5 hours.

6 0
3 years ago
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