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Ymorist [56]
2 years ago
5

Which scenario BEST represents monopolistic competition?

Business
2 answers:
ruslelena [56]2 years ago
4 0

<span>A company wins a contract to be the sole provider of phone and cable television service for a city.</span>
harkovskaia [24]2 years ago
4 0

The best scenario of monopolistic competition is when a SPECIFIC product or service is preferred.

EXAMPLES ARE . . .

A family decides to stay at SPECIFIC hotel on vacation because it has a swimming pool with a slide.

A college student chooses cellular service based on the availability of a SPECIFIC type of phone.


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The entity that collects economic data at a regional level is the:___________
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<u>the World Bank</u>

<u>Explanation:</u>

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3 years ago
the biggest challenge facing the growth of new franchises is: A) market saturation B)competition from independent entrepreneurs
Furkat [3]

Answer:

(A) market saturation

Explanation:

A franchisee starts a new franchise by entering into a franchising agreement with a franchiser to use its brand name and sell its products. The biggest challenge faced by this new franchise is market saturation.

This occurs because<u> the presence of other similar businesses, whether franchises or independently owned businesses in the market, creates lots of competition for the new franchise.</u>

6 0
2 years ago
You have just won the lottery and will receive $530,000 in one year. You will receive payments for 25 years, and the payments wi
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Answer:

Present value= $3,642,651.54

Explanation:

Giving the following information:

You have just won the lottery and will receive $530,000 in one year. You will receive payments for 25 years, and the payments will increase by 4 percent per year. The appropriate discount rate is 10 percent.

First, we need to calculate the final value using the following formula:

FV= {A*[(1+i)^n-1]}/i

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FV= {530,000*[(1.14^25)-1]}/0.14

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Now, we can calculate the present value:

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3 years ago
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