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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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____ institutions are financial institutions that deal with insurance policies and pension funds.
Tju [1.3M]

Answer:

The correct answer is contractual institutions.

Explanation:

Contract savings institutions are those that include provident funds, life insurance companies, private-sector pension funds, and social insurance systems. These companies have long-term liabilities and stable cash flows. For these reasons is that they are the ideal providers of long-term financing, both for government, industry, municipal entities and the housing sector.

Have a nice day!

5 0
3 years ago
The city of Hartwell spends about $3 million annually on snow removal. The city is considering amending its real property tax la
Alex17521 [72]

Answer: efficiency of the tax

Explanation:

From the question, we are informed that the city of Hartwell spends about $3 million annually on snow removal and that the city is considering amending its real property tax law to allow homeowners to offset the cost of private snow removal against their annual property tax.

It should be noted that the amendment to the affect the efficiency of the tax. The aim of the amendment in this case is to help change the behavior of the taxpayer by giving out rewards to the people who remove their own snow.

7 0
3 years ago
Suppose when you are 21 years old, you deposit $1,000 into a bank account that pays 6 percent annual compound interest, and you
Ratling [72]

Answer:

amount = $12985.48

Explanation:

given data

principal = $1000

RATE = 6 %   = 0.06

Time = 44 year

to find out

How much will be in the account when you retire

solution

we will apply here amount formula that is

amount = principal × (1+r)^{t}       ...................1

put here value we get

amount = 1000 × (1+0.06)^{44}  

amount = $12985.48

5 0
3 years ago
Advertising agencies often provide the IMC function of comparing their customer's target audience with the viewer, listener, or
Ronch [10]

Answer:

Correct option is (a)

Explanation:

Selection of appropriate medium to reach out to target customer is one of the most important function of advertising. In case of selection of inappropriate medium, could lead to wastage of resources, time, money and effort as organization will not be able to tap target customers.

This is the reason that advertising agencies identify target customers with their preferred choice of seeking information whether television, radio or newspaper so that they can select the customer preferred medium to promote the product, thereby eliminating poor choice of medium.

5 0
4 years ago
You are the General Manager of a regional chemical company. In the course of producing your bulk chemicals, large amount of part
34kurt

Answer:

The answer is explained below

Explanation:

The companies board of directors as well as you would consider whether it is best to install the scubber system. When determining whether to install the scubber system both short and long term consequences are to be considered. If presently, the level of pollution is legal, you need to consider if in the future it would be legal? if the installation of the scubber system would affect the public relations of the company. After considering all this, it would be better to install because the pollution can lead to death, and the neighborhood can sue the company. Also the EPA regulations can be regulated.  

5 0
3 years ago
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