Answer:
From a microeconomics perspective, competition can be influenced by five basic factors: product features, the number of sellers, barriers to entry, information availability, and location. Each factor hinges on the availability or attractiveness of substitutes and, when no alternatives exist and the company is a single seller of a unique product, a monopoly exists and there is zero competition.
Explanation:
- When a company has a unique product that no other company is selling, a monopoly exists, as there is no competition.
- Most markets are somewhere in between competition and a monopoly.
- The amount of competition will also vary depending on location, the barriers to entry, and the availability of pricing information.
Alternatively, a product might be completely differentiated, meaning that it is unique. If so, there might be few alternatives and thus low levels of competition. The level of differentiation is largely a subjective matter and subject to consumer opinion.
The number of sellers also impacts competition. If there are many sellers of an undifferentiated product, competition is considered to be high. If there are few sellers, competition is low. If there is a single seller, the market is considered a monopoly.
Based on the number of homes estimated, and the planned unit development, the total market segment potential is 210 units .
<h3>How can the market segment potential be found?</h3>
To find the total market segment potential, use the following formula:
= Number of homes estimated x Planned Unit Development
Solving gives:
= 1,500 x 14%
= 210 units
Find out more on the market segmentation at brainly.com/question/14315539.
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The best thing that Marla should do in this type of problem is letter d, investigate the market. It is because in doing business especially to the field that she is going to take on, it is best to assess and evaluate the decision and the outcome of it. It is best to make sure if she could benefit from it and could be a potential as she runs the business.
Answer: $10 per month
Explanation:
$10 would be an ideal amount for me to pay to have access to the various social media sites if the major sites are on offer.
I think this amount reasonable because I do not use social media all that much but I would still like access to a variety of them. I would essentially therefore, be paying for my reduced time on the net.
Some might say that the companies might not make a profit if they charge $10 a month but I think they will because they make most of their money from ads so it would be good for them to offer the lowest subscription prices so that they can capture more people which will appeal to advertisers.
