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Julli [10]
4 years ago
8

Which of the following is a characteristic of monopolistic competition? rev: 05_15_2018 Multiple Choice relatively easy entry a

relatively small number of firms standardized product absence of nonprice competition
Business
1 answer:
CaHeK987 [17]4 years ago
6 0

Answer:

The correct answer is relatively easy entry.

Explanation:

Monopolistic competition is a market structure in which there are a large number of firms, the entry into the market is relatively easier than monopoly. These firms produce differentiated products which are close substitutes.  

The firm is a price maker and faces a downward-sloping demand curve. Unlike oligopoly decision of a firm does not affect its competitors. Though these firms do not show productive or allocative efficiency. They have excess capacity in the long run.

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andreev551 [17]

Glow plugs should have high resistance when warm and lower resistance when cold

3 0
3 years ago
Munoz Air is a large airline company that pays a customer relations representative $15,975 per month. The representative, who pr
Anvisha [2.4K]

Answer:

January cost allocated 9,900

February cost allocated 11,790

Explanation:

We will allocate the representative cost over the expected customer complaints during 2018:

$ 15,975 per month x 12 months / 21,300 complaints per year = $9 per complain solved

January processing customer complaints expense:

1,100 customers x $9 = $  9,900

February processing customer complaints expense:

1,310 customers x $9 = $  11,790

3 0
4 years ago
Over a certain period, large-company stocks had an average return of 12.59 percent, the average risk-free rate was 2.58 percent,
suter [353]

Answer:

The answer is 14.87%

Explanation:

Solution

Given that:

A large company stock had an average return of =12.59%

The average risk free rate = 2.58%

A small company stocks average is =17.45

The next step is to find the risk premium on small-company stocks for this period

Thus,

The risk premium on small-company stocks = Average return on small-company stocks - average risk-free rate

So,

Risk premium on small-company stocks = .1745 - 0.258

=0.1487

Therefore the risk premium on small company stocks for the period was 14.87%

6 0
3 years ago
Ali is working with a company that makes custom-designed shoes for its customers. The customers have accepted the product concep
ad-work [718]

Answer:

The functional role being used by the government to help Ali's company is;

Redistribution of income and resources

Explanation:

The government using the three arms, namely; legislature, judiciary and executive perform various functions to ensure that it's citizens live and operate in a certain way. There are different activities that need government input o ensure efficiency. Some examples are; social activities, economic activities and political activities. Some of the major functions of government are as follows;

1. Defend and preserve the country's territorial integrity: the government has a duty to defend it's borders against external aggression.

2. Preserve order: order has to be preserved in a country to minimize chaos. The government using the constitution as a tool for preserving and maintaining order.

3. Redistribution of income and resources: the government can enforce certain policies that tend to redistribute income and resources from the wealthy to economically marginalized groups in the society. This can be done by imposing higher taxes on the rich while at the same time imposing little or no tax on the poor. The government can also provide subsidies to goods and services meant for the poor or even support small businesses by providing for cheaper loans with very low interest. An example is Ali's company that utilized a low-cost loan to boost his business. In this way the government is playing the role of redistribution of income and resources.

8 0
4 years ago
The pillsbury doughboy is an example of​ _____ in which his friendly demeanor and the trademark giggle he lets out when poked in
abruzzese [7]
The Pillsbury Doughboy is an example of brand anthropomorphism in which his friendly demeanor and the trademark giggle he lets out when poked in the belly help shape customer perceptions of the brand. 

Anthropomorphism means giving human characteristics or behavior to something that is not human, like the Pillsbury Doughboy.  When companies do this, they are allowing the customer to connect with a brand on a different level of understanding. Geico is another company that does their with lifelike gecko. Customers connect with the emotions of the object and then connect/remember with the brand.
4 0
3 years ago
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