Occasionally, barriers to entry may lead to pure monopoly; in other market conditions, they may limit competition to a few oligopoly firms
<h3>Do barriers to entry exist in a pure monopoly?</h3>
Due to entrance restrictions that deter prospective rivals, firms acquire monopolistic power. Barriers to entry, or conditions that make it difficult or impossible for potential competitors to participate in the market, give monopolies their market strength.
The four main elements of monopoly are: (1) a single business controlling the entire output of a market; (2) a distinctive product; (3) barriers to admission and departure from the industry; and, frequently (4) specialised knowledge about production methods that are not available to other potential producers.
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Answer:
$4
Explanation:
Every year, the bond will make a year of 1% of 100.
1% of $100 is equal to
=1/100 x $100
=0.01 x 100
=$1
In four years, the bond will have made $1 X 4
=$4 dollars
Answer: Two things are being exemplified here;
1.) Pay structure
2.) Job structure
Explanation: A pay structure in an organisation defines what an employee will earn based on some factors such as; efficiency; length of time; value; position. (the difference in pay between an entry-level recruiter and an entry-level assembler)
While a job structure defines the different levels employees in an organisation are in and who they report to. (as well as the difference between an entry-level recruiter, the HR manager, and the organization's Vice President)
C. Budgeting with an irregular income is no different than budgeting with a regular income.
Answer:
The type of responsibility center ABC software company can use to evaluate its regions and stores is called Investment Center.
Explanation:
An investment center is a responsibility center that handles, revenues, expenses as well as investment base.
This kind of responsibility center is appropriate for large companies like ABC software.
It is designed to cater for the different regions and stores as well as the product specifications and managerial responsibilities.
It is applicable for companies with regional mangers and store managers that take decisions on which stores to open, marketing plan, advertising, sales, accounting and financial decisions.
