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MArishka [77]
3 years ago
5

In the restaurant industry, a large number of restaurants cater to similar customer needs. However, each restaurant makes its pr

oduct unique by offering a different cuisine, a different ambience, organic ingredients, or different services like home delivery. This differentiation allows each restaurant to set its own prices. Thus, the restaurant industry best illustrates a(n)a. perfectly competitive structure.b. monopolistically competitive structure.c. monogopoly.d. oligopoly.
Business
1 answer:
netineya [11]3 years ago
6 0

Answer: Option B

Explanation: Monopolistically competitive structure refers to a market structure depicting a combination of monopoly and perfect competition. In such markets there are large number of small sellers but due to minor differences in product, different firms can charge different prices.

In the given case, also different restaurants are charging different prices due to their different service offerings.

Thus, from the above we can conclude that the restaurant best illustrates monopolistically competitive structure.

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3 years ago
On September 1, Kennedy Company loaned $100,000, at 12% annual interest, to a customer. Interest and principal will be collected
GenaCL600 [577]

Answer:c. Debit Interest Receivable, $4,000; credit Interest Revenue, $4,000.

Explanation:

The interest payable = Principal x Rate x Time (period)

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Dec 31st     Interest Receivable        $4000

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3 years ago
Consumers' incomes decrease, which causes a decrease in demand. This causes the equilibrium price to _____. increase decrease st
adell [148]
The answer is decrease 
6 0
3 years ago
Read 2 more answers
Other things remaining the same, if the average aggregate inventory value goes down, then?
mixas84 [53]

Other things remain the same if the average aggregate inventory value goes down, then the inventory turnover ratio will go up, but weeks of supply will go down.

An inventory valuation allows a company to provide a monetary value for items that make up its inventory. Inventories are usually the largest current asset of a business, and proper measurement of them is necessary to assure accurate financial statements.

An inventory valuation is a monetary amount associated with the goods in the inventory at the end of an accounting period.

learn more about  inventory value here

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7 0
10 months ago
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Murrr4er [49]

Answer:

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