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alina1380 [7]
3 years ago
12

Which of the following statements is correct? a. Monopolistic competition is similar to monopoly because both market structures

are characterized by firms being price makers rather than price takers. b. Monopolistic competition is similar to perfect competition because both market structures are characterized by differentiated products. c. Monopolistic competition is similar to oligopoly because both market structures are characterized by strategic interaction between firms in the market. d. Monopolistic competition is similar to perfect competition because both market structures are characterized by perfectly elastic demand curves for firms.
Business
2 answers:
Alborosie3 years ago
6 0

Answer:

Letter a is correct. <em>Monopolistic competition is similar to monopoly because both market structures are characterized by firms being price makers rather than price takers.</em>

Explanation:

<u> A monopoly</u> is an economic situation whose main characteristic is imperfect competition, that is, only one company owns a market for a particular good or service and for this reason is able to influence the price of that good or service for its own benefit.

<u>Monopolistic competition</u> resembles monopoly in that it is characterized by business competition for similar but not equal products, so they are also capable of making the price, since similar products sold on the market cannot be considered perfect substitutes.

Mazyrski [523]3 years ago
4 0

Answer:

a. Monopolistic competition is similar to monopoly because both market structures are characterized by firms being price makers rather than price takers.

<em>CORRECT </em> Both are price makers there is high differenciation between product thus each firm can set his own price while monopoly can determinate the price as is the only firm in the market

Explanation:

b. Monopolistic competition is similar to perfect competition because both market structures are characterized by differentiated products

<em>INCORRECT</em> in a competitive market the product are homogeneuos

c. Monopolistic competition is similar to oligopoly because both market structures are characterized by strategic interaction between firms in the market

INCORRECT  as there are many numbers of seller there is no room to colude or generate common ground between companies.

d. Monopolistic competition is similar to perfect competition because both market structures are characterized by perfectly elastic demand curves for firms.

INCORRECT

Under monopositic competition If the demand were inelastic firms will increase the price as much as they can until demand <u>becomes elastic </u> but it may or not be perfectly elastic

Under perfect competition the demand curve is <u>entirely elastic.</u>

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Amazon expanded its single-product business by leveraging spare capacity into cloud computing and by offering its Kindle line of
RoseWind [281]

Answer:

B) related-linked diversification.

Explanation:

A related linked diversification strategy refers to expanding a company's product lines with products or services that are similar to the ones that it currently offers.

In this case, Amazon first sold books and selling a e-book reader follows a similar path. Since Amazon had spare cloud computing capacity, it decided to "lease it" to other businesses and is currently Amazon's star service that generates most of its cash.

6 0
3 years ago
Two types of costs that each combine fixed cost and variable cost behaviors are: a. capacity and incremental costs. b. semi-fixe
tensa zangetsu [6.8K]

Answer: Option B

Explanation: Semi variable cost or semi fixed cost are the expenses which are composed of both fixed and variable cost. In such type of costs, the nature of the cost remains fixed till a certain level of production or consumption  and becomes variable when the production level exceeds that stage.

For example :- A state charge its residents a fixed amount of electricity bill till 300 units of consumption and after 300 units the residents must pay $1 for every additional unit consumed.

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3 years ago
Which dot plot shows three TV's in two houses? A dot plot titled How many T V's Are in Your House going from 0 to 4. 0 has 1 dot
JulijaS [17]

Answer:

The answer is "The first choice".

Explanation:

Please find the graph file of the given question:

In the given question the first choice is correct because in the graph it has 3 dots, which denotes the (tv's) in 2 that is equal to the two houses.

8 0
2 years ago
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When shopping for the best buy in a home theater system the sales representative informs Siddhartha that the more expensive mode
ira [324]

boost frequencies below 80 Hz

What is frequencies?

The frequency of a repeated event is its number of instances per unit of time. In some cases, it is also referred to as temporal frequency or ordinary frequency to underline differences with spatial and angular frequencies, respectively. One (event) per second is equal to one hertz (Hz), which is how frequency is stated. The period is the reciprocal of the frequency since it is the length of time for one cycle in a repeating occurrence. For instance, the period, T—the space between beats—of a heart beating at a frequency of 120 beats per minute (2 hertz), is equal to 0.5 seconds (60 seconds divided by 120 beats).

Learn more about  frequencies with the help of given link:-

brainly.com/question/17264163

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3 0
1 year ago
The principal offensive strategy options include all of the following EXCEPT:A.using a cost advantage to attack competitors on t
Len [333]

Answer:

All are options for offensive strategy

Explanation:

In this question, we are trying to select an option which is not in terms with the other options as regards what principal offensive strategy should be.

Now, what the term principal offensive strategy refers to is that it is a type of corporate strategy that pushes for changes within the industry. What we are trying to say is that, the principal offensive strategy pursues an agenda that is pushing for a change within the industry.

Efforts might be concerted or individual steps might be taken. Hence, various techniques or strategies are in place to be used.

Offensive strategy types includes, an end run strategy where a company does not want competition and thus explore the part of the market with little or none.

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3 0
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