Answer:
The correct answer is option c.
Explanation:
Monopolistic competition is a market structure where there is a large number of sellers producing differentiated products. The market is fragmented because of product differentiation.
The entry and exit in the market are relatively easy with no or very low restrictions. Because of free entry and exit, the firms can earn positive profits only in the short run.
In the long run, other potential firms enter the market increasing the market supply and reducing the profit and price level. So firms can earn only normal profits in the long run.
Answer: Wholesaler
Explanation:
Television Haven buys televisions from a manufacturer and then sells them to department stores. Television Haven is most likely a wholesaler.
A wholesaler involves someone who buys goods from the manufacturer or producer in bulk, that is large quantities and then sell to the retailers after which the retailer then sells to the consumers
Here, Television Haven is a whilesaler while the department store is a retailer.
Answer:
Specializes in bringing buyers and sellers together.
Explanation:
A broker can be defined as an individual or a firm that acts as a middleman between the buyers and the sellers. A broker is a licensed agent that is permitted to purchase or sell stocks and other investments.
A broker carries out the role of a trusted intermediary in various financial transactions. Brokers receive their commissions through a percentage gotten from the purchase or sale of an asset or stock.
The price of one bag of granola is $2.
<h3>
What is an Equation</h3>
An equation is an expression that is used to show the relationship between two or more variables and numbers.
Let x represent the number of sport drink, y for banana drink and z for granola drink, hence:
x + y + 2z = 7.5 (1)
Also:
2x + 2y + 2z = 11 (2)
And:
x + 3z = 8.5 (3)
Hence:
x = 2.5, y = 1 and z = 2
The price of one bag of granola is $2.
Find out more on Equation at: brainly.com/question/1214333
