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Aleks [24]
3 years ago
13

Glamour Gal, a popular women's cosmetics company is gaining popularity among younger women. Differentiating itself from the sea

of companies that compete for the same business, it focuses on products for sensitive, youthful skin. Glamour Gal clearly operates in an oligopolistic environment.
a. True
b. False
Business
1 answer:
s2008m [1.1K]3 years ago
7 0

Answer:

The correct answer is letter "B": False.

Explanation:

An oligopoly is a market where a few companies collide to take control of the price and supply of the goods or services provided. On the other hand, a monopolistic competitive market is characterized by having many companies competing against each other. The competitive advantage of firms will determine if consumers choose to buy the products of one company or the other.

Thus, <em>Glamour Gal is a monopolistic competitive market.</em>

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<u>Answer: </u>Option 2 discretionary

<u>Explanation:</u>

Spending can be mandatory spending or discretionary spending. Mandatory spending means the spending on essentials goods such as food. Discretionary spending means the spending on recreation and entertainment where people have additional money in hand after meeting their necessary expenses.

In this speech Obama speaks about the non essential expenses when they are controlled more investments can be made. He says when all the departments cut down their discretionary expenses then can result in economic growth.

7 0
3 years ago
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Jake wants to purchase a new computer and go to the Caribbean for spring break. The computer is priced at $1,299, and the vacati
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Answer:

1. Jake can easily determine that the price of the computer is more than the price of the vacation.  ⇒ UNIT OF ACCOUNT

2. Jake has $1,574 in his checking account.  ⇒ STORE OF VALUE

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Explanation:

The four functions of money are:

  1. unit of account: since money is a common denominator, it helps to assign value to different goods and services.
  2. store of value: you can save money in order to purchase gods and services in the future.
  3. medium of exchange: you can purchase and sell goods and services using. money
  4. standard of deferred payment: money allows loans that require future payments of both principal and interest.

5 0
3 years ago
HELP!
Elza [17]

Answer:

i think the answer is true

Explanation:

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Which type of a person demonstrates trustworthiness?
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Answer:

a person on whom you can rely

Explanation:

it's the correct answer

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What are the three conditions for a market to be perfectly​ competitive? For a market to be perfectly​ competitive, there must b
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Answer:

There are 4 conditions that make a market to be perfectly competitive:

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  2. All the sellers produce identical products or services.
  3. There are no barriers for entry or exit.
  4. All the buyers and sellers are price takers, no one can set the price at their own will.

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3 years ago
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