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Nataliya [291]
3 years ago
15

All of the following are key characteristics of a monopolistically competitive industry except A. a differentiated product. B. a

homogeneous product. C. the existence of close substitutes. D. a large number of firms.
Business
1 answer:
Maksim231197 [3]3 years ago
4 0

Answer:

B. Homogenous product

Explanation:

Monopolistic competitive market is a market structure in which there are many sellers selling differentiated product.

Differentiated product are product that vary in taste or style. They are goods that can be substituted.

Monopolistic competitive firms gain some degree of market power by differentiating their products from those of other firms in the industry. Monopolistic competition firms achieve price control by selling a product that is in some​ way(s) different from close substitutes product.

Features of Monopolistic competitive firms

1. Existence of many sellers

2. Heterogeneous goods are sold

3. Existence of close substitute

4. Absence of barrier to entry of new firms and free exit to existing firms.

5. Existence of competitors.

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Loan application fees can be required for all types of loans and are intended to pay for the costs of the process of loan approval

Explanation:

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By definition, a ________ requires a large amount of learning on the part of users and typically creates new markets and consump
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Answer:

discontinuous innovation

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3 years ago
Delish Foods sells jars of special spices used in Italian cooking. The variable cost is $2 per unit. Fixed costs are $9,000,000
Ymorist [56]

Answer:

$3.38 per unit

Explanation:

Total costs:

= Total fixed cost + Total variable cost

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= $19,000,000

Target revenue:

= Total costs - Desired profit

= $19,000,000 - ($42,000,000 × 5%)

= $19,000,000 - $2,100,000

= $16,900,000

Sales price per unit = Target revenue ÷ Total units

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8 0
3 years ago
During the recent economic crisis, many financial managers and corporate officers have been criticized for (a) poor decisions, (
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Juan buys gas at the gas station. The gas station submits funds for road maintenance. What type of tax is this? (5 points)
prisoha [69]

Answer:

Indirect taxes

Explanation:

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2 years ago
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