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RoseWind [281]
3 years ago
7

“Monopolistic competition is monopolistic up to the point at which consumers become willing to buy close-substitute products and

competitive beyond that point.” This statement recognizes that products of monopolistically competitive firms
A) are usually preferred by consumers, giving them monopoly power; however, consumers will seek substitutes if the price is too high, making them competitive.B) may be preferred by consumers, giving them monopoly power; however, consumers will seek substitutes if the price is too high, making them competitive.C) may or may not be viewed as different from the product of a monopoly.D) have to be limited in supply for the firm to experience monopoly power.
Business
1 answer:
anyanavicka [17]3 years ago
8 0

Answer:

The correct answer is option B.

Explanation:

Monopolistic competition is that form of market where there are a number of sellers who are producing close substitutes. There is high degree of competition in the market and firms adopt advertising to promote their products.

In a monopolistic market the firms may enjoy monopoly powers, if the consumers prefer their product. But if the price is too high, the rational consumers will prefer close substitutes.

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Imagine you live on the planet Krypton. The loanable funds market on Krypton is thriving and life is good. However, the planet i
sergij07 [2.7K]

Answer: fall; decrease

Explanation:

People save in order to be able to consume in future. If it is discovered that there will be no fixture, there would be no need to save. The supply of loanable funds would therefore decrease as people stopped saving.

Because there is reduced loanable funds, less investments would be done as these require loanable funds. With less investments being done, the economic output will decrease.

5 0
2 years ago
Southeastern Bell stocks a certain switch connector at its central warehouse for supplying field service offices. The yearly dem
Rashid [163]

Answer:

A) economic order quantity ( order quantity model that will minimize the total holding cost and ordering costs ) = \sqrt{3*1500*77/23} = \sqrt{15065.21739} = 122. 74 ≈ 122 ( optimal ordering quantity ) units

B)  Annual holding cost = 23 * 122 / 2 = $1403

C ) Annual ordering costs = 1500/122 * 77 = $947

D ) The reorder point = daily demand * lead time = 50 * 3 = 150 units

Explanation:

Annual demand for connectors : 1500

ordering cost ( cost to place and process an order ) : $77

annual holding cost per unit : $23

A) economic order quantity ( order quantity model that will minimize the total holding cost and ordering costs ) = \sqrt{3*1500*77/23} = \sqrt{15065.21739} = 122. 74 ≈ 122 ( optimal ordering quantity ) units

B)  Annual holding cost = 23 * 122/2 = $1403

C ) Annual ordering costs = 1500 / 122 * 77 = $946.72 ≈ $947

D ) The reorder point = daily demand * lead time = 50 * 3 = 150 units

daily demand = 1500 / 300 = 50

lead time = 3

7 0
3 years ago
Thirteen sorority sisters decide to start a dog-walking business. They incorporate under the name Pro Canine Walkers, Inc., and
dalvyx [7]

Answer:

A) privately held corporation.

Explanation:

In the given example, the most appropriate option is a privately held corporation as the stock is owned by the 13 principles. It is not offered to anyone other than these 13 principles, which means they do not offered to the public at large.  

It is different from the publicly held corporation as the shares or the stock of the business organization are offered to the general public. But in this case, it offered to only 13 principles

Hence, other options are wrong except A

5 0
3 years ago
Concord Company gathered the following reconciling information in preparing its August bank reconciliation: Cash balance per boo
matrenka [14]

Answer:

C. $23,950

Explanation:

Given the above information, the adjusted cash book balance is computed as:

Adjusted cash balance per books = Cash opening + Collection by bank - Bank charge check printing - NSF check

= $20,200 + $4,880 - $130 - $1,000

= $23,950

Therefore, the adjusted cash balance per books on August 31 is $23,950

7 0
3 years ago
Martin is the daytime supervisor for a packaging assembly line. He supervises 38 workers who perform routine jobs that require m
nadya68 [22]

Answer: E. Martin likes to provide the guidance and support needed by employees and ties meaningful rewards to accomplishment of objectives.

Explanation: Path-goal model of leadership is said to be a theory based on a specify leader behavior that best suit his employees and the work environment that would help achieved set goals. The main aim of path-goal model of leadership is to increase employees morale, motivate and empower them.

Martin is following this model to provide the needed guidance and support the employee working under him requires.

6 0
3 years ago
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