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Helga [31]
4 years ago
12

One difference between monopolistic competition and pure competition is that:

Business
1 answer:
Soloha48 [4]4 years ago
3 0
One difference between monopolistic competition and pure competition is that: <span>There is some control over price in monopolistic competition

In monopolistic competition, a specific resource is fully owned by a single entity without any competitors.
Since there is no other entity that could offer the product to the customer, the company could put a really high price and the customers that need the products have no choice but to follow</span>
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According to the master syllabus, should you purchase outside textbooks for the courses?
kati45 [8]

According to the master syllabus, online students may consider purchasing rather than renting textbooks if they plan to keep course materials as career resources.

A syllabus or specification is a file that communicates facts approximately a particular academic path or class and defines expectancies and obligations. it's miles normally an outline or precis of the curriculum.

The definition of a syllabus is a precis of what's going to be protected in a course of observation. An instance of a syllabus is what a college professor hands out to his students on the first day of class.

A syllabus is a direction-planning tool. It helps the teacher put together and organizes the path. It describes the route dreams; explains the route shape and assignments, assessments, review periods, and other activities required for students to research the fabric.

Learn more about syllabus here brainly.com/question/17191239

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7 0
2 years ago
Describe all business activities from the time a customer arrives to the time that customer departs your favorite fast-food rest
3241004551 [841]

Answer: The answer is provided below

Explanation:

1. The following are the business activities that takes place from the moment a customer arrives to the moment the customer leaves my favorite fast-food restaurant.

The first thing is welcoming the customer to the restaurant, after the customer sits down, a waiter for to the customer and gives the menu to the customer for him or her to choose the kind of meal he or she wants. After the customer has chosen the meal, the order is received and then filled. The food is then brought to the customer with an accompanying bill for the customer to make payment. Lastly, when the customer has finished eating, the waiter and security at the gate thanks him or her on their way out.

2. The costs are:

i. The salary of the staffs at the restaurant. This include the waiter, cook, security, manager, cleaners etc.

ii. Utility bills such as electricity and water.

iii. Rent of the building.

iv. Cost of the ingredients for the meals.

3. Fixed cost is a cost which doesn't vary with the production output while variable costs are the costs that varies with output. For the (ii) above, the fixed costs are: salary of staffs, rent, utility bills because these costs doesn't usually change while the variable cost is the cost of the ingredients for the meals.

7 0
4 years ago
In a competitive market, the quantity of a product produced and the price of the product are determined by:
almond37 [142]

Answer:

All buyers and sellers

Explanation:

A competitive market is a market where there are lots of producers who produces goods and service hence compete with one another with a view to providing and supplying goods and services that suits the needs of consumers.

In a competitive market, there are no barriers to entry and exit. Also, there are many buyers and sellers, hence there is adequate information about the price of a product. There are also no cost attached to transactions, undifferentiated products and both buyers and sellers determines the quantity of a product produced and the price of the product.

4 0
3 years ago
After winning the lottery, you state that you are indifferent between receiving twenty $500,000 end-of-the-year payments (first
olga2289 [7]

Answer

The answer and procedures of the exercise are attached in the following archives.

Explanation  

You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.  

6 0
4 years ago
The change in period-to-period operating income when using variable costing can be explained by the change in the
wolverine [178]

Answer:

Unit sales level multiplied by a constant unit contribution margin.

Explanation:

The change in period-to-period operating income when using variable costing can be explained by the change in the Unit sales level multiplied by a constant unit contribution margin.

Hope this helps!

6 0
4 years ago
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