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
Sophie [7]
3 years ago
5

Identify whether or not each of the following scenarios describes a competitive market, along with the correct explanation of wh

y or why not.
Scenario
1-There are hundreds of colleges that serve millions of students each year. The colleges vary by location, size, and educational quality, which allows students with diverse preferences to find schools that match their needs.
2-The government has granted the U.S. Postal Service the exclusive right to deliver mail.
3-A few major airlines account for the vast majority of air travel. Consumers view all airlines as providing basically the same service and will shop around for the lowest price.
4-There are dozens of pasta producers that sell pasta to hundreds of Italian restaurants nationwide. The restaurant owners buy from the cheapest pasta producer available to them.
Competitive?
Yes, meets all assumptions
No, no free entry
No, not many sellers
No, not a homogeneous product
Business
1 answer:
Marysya12 [62]3 years ago
3 0
<span>1) - we see here that each college is different, so the answer is that they are not competitive because they are not not homogenous - since they can for example not all offer the same courses 2) This is a monopoly - they have the exclusive right to provide some service! it's not a competetive market (other companies don't have free entry). 3) Here there are not too many sellers - it's just a few companies, so people alsco can't choose from too many options. 4) this is a true competitive market - it has a free entry, many sellers and the product is homogenous!</span>
You might be interested in
The is the interest rate that a firm pays on any new debt financing. Andalusian Limited (AL) can borrow funds at an interest rat
valina [46]

Answer:

5.34%

The correct option is C,5.60%

Explanation:

The are two requirements here,the first is after cost of debt for the first part of the case study and after tax cost of debt for the second part of the scenario:

1.after tax cost of debt=pretax cost of debt*(1-t)

pretax cost of debt is 9.7%

t is the tax rate at 45% or 0.45

after tax cost of debt=9.7%*(1-0.45)=5.34%

2.

The pretax cost of debt here is computed using the rate formula in excel:

=rate(nper,pmt,-pv,fv)

nper is the number of times the bond pays coupon interest which is 15

pmt is the annual coupon interest receivable by investors i.e $1000*12%=$120

pv is the current market price of the bond which is $1,136.50

fv is the face value of the bond at $1000

=rate(15,120,-1136.50,1000)

rate =10.19%

after tax cost of debt=10.19% *(1-0.45)=5.60%

7 0
3 years ago
Performed services for 27600 on account
choli [55]
?? What does this mean
7 0
2 years ago
A young couple has $300,000 that they have used to aggressively trade growth stocks. They place their account with a Registered
EastWind [94]

Answer:

the investment advisor should do nothing

Explanation:

In the scenario that is being described, the investment advisor should do nothing. This is because the investment advisor did nothing wrong or illegal, he simply followed the instructions that were strictly provided by the clients, therefore acting in accordance with the customers' wishes. Meaning that he has nothing to fear from the client's being accept because they have no standing to take legal action against the advisor.

7 0
3 years ago
On its December 31, 2017, balance sheet, Calgary Industries reports equipment of $390,000 and accumulated depreciation of $78,00
ycow [4]

Answer:

For equipment = $430,000

For accumulated depreciation = $104,000

Explanation:

The solution of balances for equipment and accumulated depreciation is shown below:-

balances for equipment and accumulated depreciation

Particulars              Equipment            Accumulated depreciation

Beginning balance $390,000            $78,000

Add:

Addition                   $84,000               $32,000

Less:

Disposition             ($44,000)              ($6,000)

Balance                  $430,000              $104,000

7 0
3 years ago
Suppose the price of hot wings is $10, the price of beer is $1, and the consumer’s income is $50. In addition, suppose the consu
IgorC [24]

Answer:

a. budget constraint intersects the vertical axis at 25 beers.

Explanation:

A budget constraint shows all the combinations that a consumer might purchase of two given products or services. The total consumption can be represented by a consumption possibilities frontier curve:

  • originally you could purchase 50 beers or 5 hot wings
  • then as the price of beer increases to $2, you can only buy 25 beers or 5 hot wings

7 0
3 years ago
Other questions:
  • Sonic Inc. manufactures two models of speakers, Rumble and Thunder. Based on the following production and sales data for June, p
    14·1 answer
  • Nexis Corp. issues 1,000 shares of $15 par value common stock at $22 per share. When the transaction is recorded, credits are ma
    14·1 answer
  • The initial stage in the consumer purchase decision process involves perceiving a difference between a person's ideal and actual
    11·1 answer
  • Which of the following are aspects covered by HR management?
    8·1 answer
  • Increasing segmentation of the marketplace and the need to get products to market faster in light of competitors' specialized so
    15·1 answer
  • Giant Company has three products, A, B, and C. The following information is available:
    8·1 answer
  • Creating and distributing __________ is one of the most widespread types of cyber crime.
    7·1 answer
  • Alex has allocated his income in such a way that the marginal utility of the last unit of product X he consumes is 40 utils and
    15·1 answer
  • Imagine that a company decides to try a new form of online marketing and advertising. What is the MOST likely impact this will h
    8·2 answers
  • Sandoval needs to determine its year-end inventory. The warehouse contains 33,000 units, of which 4,300 were damaged by flood an
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!