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RoseWind [281]
4 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]4 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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"Why do transportation costs initially decrease as the number of warehouses in a system increases? Why do transportation costs e
Drupady [299]

Answer:

In simple words, The general explanation is that efficiency gains do exist. Which lowers the cost of transport. In addition, as products are delivered to the facilities, one boat load will support more just one storage facility, lowering the expense of transport. In addition, as products are delivered to the facilities, one boatload will support rather than one supermarket, lowering the cost of transport.

5 0
4 years ago
A) You have just moved into a new apartment and are trying to arrange your bedroom. You would like to move your dresser of weigh
notsponge [240]

Answer:

A. W = 0joule

B.W = d * w * cos (90 -ø)

Explanation:

work done is force multiplied by distance since the distance covered by the dresser is zero so automatically work done in moving the dresser is 0 (zero)

B. The component of weight of box along the inclined plane = w * cos ( 90 - ø )

Where ø is the angle of inclination to the horizontal

W = weight of body due to gravity.

Since the distance traveled by box due to gravity = d

So therefore:

W = d * w * cos (90 -ø)

W = work done

N.b

See attached sketch for comprehension

4 0
3 years ago
A company’s dividend is expected to grow at 20% for the next six years. After that, the growth is expected to be 3% forever. If
Fittoniya [83]

Answer:

Price of share at end of year 6 = $43.94

Explanation:

Provided information we have,

Current dividend = $1

Growth rate for 6 years = 20%

Dividend at end of year 6 = $1 \times Future value factor of $1 @ 20%  for 6 years = $1 \times 2.985984 = $2.986 rounded off

After this dividend is supposed to grow at 3% thus Dividend at end of year 7 = $2.986 + 3% = $3.076

Therefore, using dividend growth model we have,

P_6 = \frac{D_7}{Ke - g}

Where P6 = price at end of period 6 = to be calculated

D7 = Dividend paid at end of year 7 = $3.076

Ke = Required rate of return = 10%

g = constant growth rate = 3%

Thus, P_6 = \frac{3.076}{0.10-0.03}

P6 = $43.94

Thus, price of share at end of year 6 = $43.94

4 0
3 years ago
Jenny is four years older than miki. five years ago jenny was twice as old as miki. how old are they now?
Orlov [11]
If Jenny was twice Miki's age, and also, she is 4 years old, it means that Jenny was 8 years old and Miki was 4 years old. As this happened five years ago, then currently: Jenny = 8 + 5 = 13 years and Miki = 4 + 5 = 9 years.
Finally, Jenny is 13 years old and Miki is 9 years old.
5 0
4 years ago
Read 2 more answers
As a human resources manager three selection measures you could use to select your targeted employees in 5star international res
Dovator [93]

Answer:

Selection measures simply refer to the yardstick that HR Managers or businesses use to make hiring decisions.

Three litmus tests which the successful candidate must pass are:

1. Culture Fit: An International Resort business with a 5-star rating must have gotten there with the right values, and culture. When a candidates attitudes, beliefs and values mirror that of the organisation, they are said to be culture fit.

2. Job Fit: It is the job of the Human Resources manager to ensure that the candidate can do the job. He or she can achieve this by using various recruitment, selection and interview. For a 5 Start International Resort, for instance, the employees must be very people-centric, courteous and display high levels of social and emotional intelligence.

3. Background Checks: Having satisfied the first two criteria, the prospective employees must have strong references and background checks which reveal:  

  • consistency in the information provided during the application process; and
  • good standing with their current and or previous employer/colleagues.

Cheers!

5 0
4 years ago
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