1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
dalvyx [7]
3 years ago
15

Types of imperfect competition

Business
1 answer:
hoa [83]3 years ago
3 0
  • Monopolistic competition: A situation in which many firms with slightly different products compete. Production costs are above what may be achieved by perfectly competitive firms, but society benefits from the product differentiation.
  • Monopoly: A firm with no competitors in its industry. A monopoly firm produces less output, has higher costs, and sells its output for a higher price than it would if constrained by competition. These negative outcomes usually generate government regulation.
  • Oligopoly: An industry with only a few firms. If they collude, they form a cartel to reduce output and drive up profits the way a monopoly does.
  • Duopoly: A special form of Oligopoly, with only two firms in an industry.
  • Monopsony: A market with a single buyer and many sellers.
  • Oligopsony: A market with a few buyers and many sellers.
You might be interested in
A competitive car wash currently hires 4 workers, who together can wash 80 cars per day. The market price of car washes is $5 pe
DENIUS [597]

Answer:

Number of car washed is 92

So option (a) is correct answer

Explanation:

It is given that 4 workers can wash 80 cars per day

Means initially 80 cars are washed per day

And it is given that rate of car wash is $5 per car

Now price of workers is $60 per day

As per car wash is $5

So number of extra car washed =\frac{60}{5}=12

So total number of car washed = 80 + 12 = 92 cars per day

So option (a) is correct answer

7 0
3 years ago
Hunter has always been great at math. He has an accounting degree and wants to work for the federal government in the Governance
rusak2 [61]
United States EmbassyUnited Postal ServiceMunicipal Taxation Department<span>Internal Revenue Service? 
 
which one

</span>
4 0
3 years ago
Read 2 more answers
Ken just bought a house. He made a $25,000 down payment and financed the balance with a 20-year home mortgage loan with an inter
Rudiy27

Answer:

$163,104

Explanation:

loan principal = monthly payment x PV annuity factor

monthly payment = $950

PV annuity factor, 0.4583%, 240 periods = 145.3726

loan principal = $950 x 145.3726 = $138,104

the price of the house = down payment + loan = $25,000 + $138,104 = $163,104

6 0
3 years ago
____________ is one of the world's largest single markets, with 25 member countries, a common currency, and more than 454 millio
Simora [160]

The European Union is one of the world's largest single markets, with 25 member countries, a common currency, and more than 454 million consumers.

The European Union is a political and economic union of 27 member states that are located primarily in Europe. The EU provides for open borders between its member countries to facilitate trade without tariffs or duties.

Three bodies run the EU. The EU Council represents national governments. The Parliament is elected by the people. The European Commission is the EU staff. They make sure that all members act consistently in regional, agricultural, and social policies.

To learn more about European Union here

brainly.com/question/519121

#SPJ4

6 0
1 year ago
Which currency is normally used for conducting global trade between two countries? currency of the seller
Kryger [21]

Often times the currency used is the currency of the seller.

7 0
3 years ago
Read 2 more answers
Other questions:
  • Lisa owns stock in Company ABC. Company ABC sent out an earnings report and gave each of the stockholders an amount of money bas
    7·2 answers
  • Thirty-one days before filing a petition in bankruptcy, Gavin transfers property and makes payments that favor one creditor over
    9·2 answers
  • Periodic Inventory by Three Methods The beginning inventory for Dunne Co. and data on purchases and sales for a three-month peri
    8·1 answer
  • e−Bay Inc. provides the following information for the year​ 2015: Net income ​$250,000 Market price per share of common stock ​$
    6·1 answer
  • Relatively high paid workers are reluctant to shirk because
    5·1 answer
  • Lloyd and Jean are considering purchasing a home requiring a $75,000 mortgage. The payment on a 30-year mortgage for this amount
    9·1 answer
  • Pina Colada Corp. gathered the following reconciling information in preparing its August bank reconciliation: Cash balance per b
    5·1 answer
  • The Federal Reserve buys $38.00 million in Treasury securities. If the required reserve ratio is 30.00%, and all currency is dep
    12·1 answer
  • suggest promotional tools which the company can use to help it develop a completely new image for its product
    11·1 answer
  • 1 - At the Montell Company, functions are divided into areas of specialization such as production, marketing, accounting, and fi
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!