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3 years ago

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.

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John's monthly paycheck consists of $4000 plus a 9% commission on all of his sales. during one month, john earned $11,650. what

Slav-nsk [51]

The first thing you should do for this case is write an equation that allows you to find John's sales during the month.
Let
x = amount of money in sales.
The equation is:
4000 + 0.09x = 11650
Clearing x we have:
0.09x = 11650-4000
x = (11650-4000) / (0.09)
x = $ 85,000
answer:
his sales during that month were
$ 85,000

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3 years ago

Please select the industry-standard types of cameras. A)Point and shoot B)Camera Phone C)HDR D)Polaroid E)DSLR

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Answer: Polaroid and HDR D

Explanation:

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3 years ago

Read 2 more answers

Maybepay Life Insurance Co. is selling a perpetual contract that pays $4,990/year. The contract currently sells for $143,012. Wh

Pie

Answer:

3.49%

Explanation:

Calculation to determine the rate of return on this investment

Using this formula

Rate of return=Monthly payment/Current value*100

Let plug in the formula

Rate of return = $4,990/$143,012 *100

Rate of return= 3.49%

Therefore the the rate of return on this investment is 3.49%

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3 years ago

An official statement has a dated date of March 1, but the first interest payment is October 15. This most likely reflects A) a

Greeley [361]

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A) a long coupon.

Explanation:

Hope this helps you :)

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3 years ago

Companies A and B are in the same industry and are identical except for cost structure. At a volume of 50,000 units, the compani

ASHA 777 [7]

Answer:

B. Company A's cost structure has higher fixed costs than B's.

Explanation:

Let's see the formula for income:

50,000 units x sales price - variable cost x 50,000 - fixed = net income

50,000 (sales - variable) - fixed = net income

At 50,000 both have equal net income.

Also we are given the fact that their sales is the same.

"identical except for cost structure"

So:

$50,000 (S-V_a)-Fixed_a = 50,000 (S-V_b)-Fixed_b$

We work it and remove sales from the equation:

$50,000S-50,000V_a-Fixed_a = 50,000S-50,000V_b-Fixed_b$

$-50,000Variable_a-Fixed_a = -50,000Variable_b-Fixed_b$

At 60,000 units, Company A has a higer income, so the increase of variable cost in company A is lower than company B

The cost of 10,000 more units is all variable cost, if Company A has more income, then their variable are lower.

If variable cost for 10,000 is lower, same applies for the variable cost for 50,000 so we have:

10,000Va < 10,000 Vb

50,000Va < 50,000Vb

So to have equal income at 50,000 units.

Fixed of A > Fixed of B

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4 years ago