Answer:
The correct answer is letter "C": a market structure where firms have a degree of monopoly power.
Explanation:
No single company influence price in Perfect Competition. There is no entry or exit barrier. All firms sell the same product or service, all of them have the same industry knowledge, and there are a large number of suppliers and buyers. If any of these conditions are not present, it is imperfect competition.
Imperfect competition can be found in<em> monopolies, oligopolies, </em>and <em>monopolistic competition</em>, to name but a few.
Answer: The following methods does not help reduce marketing risks: <u><em>Integrate vertically to insure a market or form a marketing alliance.</em></u>
Integrating a firm vertically and thereby forming a marketing alliance won't reduce the marketing risks for any organization.
<u><em>Therefore, the correct option in this case is (c).</em></u>
I would choose e hope this helps you
Awesome Fantastic Crantastic, now where's you're question
Answer:
A
Explanation:
Price elasticity measures the responsiveness of the quantity demanded or supplied of a good to a change in its price. It is computed as the percentage change in quantity demanded—or supplied—divided by the percentage change in price.
Elasticity can be described as elastic—or very responsive—unit elastic, or inelastic—not very responsive.
Elastic demand or supply curves indicate that the quantity demanded or supplied responds to price changes in a greater than proportional manner.
An inelastic demand or supply curve is one where a given percentage change in price will cause a smaller percentage change in quantity demanded or supplied.
Unitary elasticity means that a given percentage change in price leads to an equal percentage change in quantity demanded or supplied.
