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2 years ago

Which best states the main difference between a monopoly and pure competition?

Business

2 answers:

Dennis_Churaev [7]2 years ago

8 0

Answer:

Monopoly involves no competition at all while pure competition involves high competition

Explanation:

Brut [27]2 years ago

3 0

When you have a monopoly you have a product or service on the market with no competition. On the flip side, in a pure or perfect competition there are various competitors selling the same product or service as you. The main difference between these two are that a monopoly involves no competition at all while a pure competition involves a high level of competition. (the first choice)

The second choice is incorrect because it is harder to establish a product in a pure competition market because you are competing with other companies.

The third choice is incorrect because a monopoly refers to a company with a product or service and no competition whereas a pure competition refers to one with the same products or services.

The forth choice is incorrect because they can be present in various economy structures.

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Assume a purely competitive increasing-cost industry is initially in long-run equilibrium and that an increase in consumer deman

Aliun [14]

The price of the product will increase and then the quantity of the output will also be more than the original one.

<u>Explanation:</u>

In a market which is purely competitive, with the increase in the demand of the particular good in the market, the price of the good will also increase because of the increase in the demand by the consumers. After making the adjustments, the quantity will therefore also increase of the output than the original one.

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3 years ago

Calabash Inc. is located in the nation of West Fenwick near the nation of East Fenwick. Calabash is considering expanding into E

mr_godi [17]

Answer: the answer is C. Political Distance.

Explanation: Political distance is a phenomenon that is created by the differences that exist in governmental laws, policies, and institutions, and also including international relationships between countries, treaties, and membership in international organizations.

From the scenario presented above, we can see that both nations share a common language, but there exists a dispute regarding the control of an area of land along their common border, this indicates that there is a difference in their system of governance which can be tagged as political distance.

This will prevent Calabash from easily expanding into East Fenwick.

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2 years ago

Billy Bob runs a seafood restaurant. Last year he earned $50,000 in revenue. He had explicit costs of $20,000. Billy Bob could h

Anit [1.1K]

Answer: -$20,000

Explanation:

Economic profit = Accounting profit - Opportunity cost

Accounting profit = Total revenue - Explicit cost.

Total revenue = $50,000

Explicit cost = $20,000

Opportunity cost = $30,000 + $20,000 = $50,000.

Accounting profit = $30,000

Economic profit = $30,000 - $50,000 = -20,000

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3 years ago

in class, we considered the issue of the "intensity of distribution." A concern we have is "how many" outlets should we have. Th

pashok25 [27]

Answer:

b."just enough to meet the desires of the target market," anything else is waste.

Explanation: A Distribution Network is an interconnected Distribution centres or channels which are used for the transfer of materials from one point to another,a Distribution centre links up smaller retailers, wholesalers,customers etc

The intensity of a Distribution network or process should be made in such a way as to be enough to meet the desires and needs of the customers, there will not be any need to make more Distribution centres Available,as it will amount to waste of Resources.

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2 years ago

LO 1.3The controller of a corporation:

Semmy [17]

Answer:

reports to the CFO and is in charge of the accounting side of the business

Explanation:

The controller reports to the CFO and is in charge of the accounting side of the business.

The treasurer reports to the CFO and is in charge of the finance side of the business.

I hope my answer helps you

5 0

2 years ago