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Pepsi [2]
3 years ago
10

Generally, perfectly competitive industries such as paper and steel (commodities) are deemed to be ________ in profits to more d

ifferentiated industries like pharmaceuticals and cosmetics. A. Similar B. Indeterminate C. Inferior D. Superior
Business
1 answer:
Marrrta [24]3 years ago
5 0

Answer:

<h2>The answer in this case would be option C. or Inferior.</h2>

Explanation:

  • A perfectly competitive market structure is characterized by numerous buyers/consumers and sellers/producers pertaining to the market for any particular good or service.The product or service sold in the perfectly competitive market is customarily similar or homogeneous.
  • There are no legal and administrative barriers to entry or exit for any individual firm or company in the perfectly competitive market structure eventually leading to higher level of market competition or rivalry.
  • High level or market competition or rivalry hinders the market power or price making ability of the firms or companies indicating that no single or individual firm or company in the market cannot determine the market price for the concerned good or service in the market and hence,they do not have any control over the market price.
  • In contrast,in relatively non-competitive markets such as monopolistic competition,characterized by differentiated or heterogeneous products or services generally experience relatively low market competition or rivalry providing respective firms or companies with relatively higher market power or control over the market price of the concerned product or service.Hence,in non-competitive markets with differentiated or heterogeneous products or services,the individual firms or companies can somehow determine the market price for the concerned product or service according to their profit maximizing intentions or behavior.
  • Therefore,overall profitability of the firms or companies in non-competitive firms is relatively higher compared to competitive firms or companies mainly due to product or service differentiation and difference in market competition or rivalry and price making ability or level of market power.
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stiv31 [10]
True.
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This adds up to his or her chance to be admitted.
4 0
3 years ago
Read 2 more answers
A consumer research study conducted by Visual Effects Inc. analyzes factors, such as age, income, and stage of family life cycle
Lady bird [3.3K]

Answer:

Quantitative Research

Explanation:

It is quantitative research because the research is using numerical variables (age, income, stage of a family life cycle) to find a numerical property that is relevant to consumer behaviour (the probability of purchasing a 3D television).

Probability is measured in numerical value and is the focus of many consumer quantitative studies.

4 0
3 years ago
At the beginning of 2017, Aristotle Company acquired a mine for $970,000. Of this amount, $100,000 was ascribed to the land valu
viktelen [127]

Answer: $225,000

Explanation:

Given that,

Company acquired a mine = $970,000 of this amount,

Land value = $100,000 and remaining  portion to the minerals in the mine

Ore appear to be in the mine = 12,000,000 units

Aristotle incurred development costs = $170,000

fair value of its obligation = $40,000

ore were extracted = 2,500,000 units

Units sold = 2,100,000

Depletion\ per\ unit = \frac{Mine\ acquiring\ cost + Development\ cost + Fair\ value\ of\ land - land\ value}{Ore\ appear\ to\ be\ in\ the\ mine}

                                       =\frac{970,000 + 170,000 + 40,000 - 100,000}{12,000,000}

                                       = $0.09 depletion per unit

The total amount of depletion for 2017 =  depletion per unit × ore were extracted

                                                                 = $0.09 × 2,500,000

                                                                 = $225,000

7 0
3 years ago
"stars" are one of the four types of employees based on the degree of organizational commitment and task performance. "stars" ar
olga55 [171]

The answer to the blank space is voice. There are four types of employees besides stars, and they are: land mines, not yet gone, and students.  

These employees are classified into the four categories based on two important questions: Is this employee a cultural fit? Is the employee a contributor?  

Stars would fit culturally and be an active contributor, while students are culturally fit but not yet a contributor. Land mines are not culturally fit but are active contributor while not yet gone are both not culturally fit and not active contributor.

4 0
3 years ago
Once a company has prepared an adjusted trial balance it is ready to prepare financial statements. Which financial statement is
Sloan [31]

Answer:

A

Explanation:

There is a sequence of preparing statements of financial statements because some statements use information from other statements of financial position. The income statement does not require information from any other statements. The retained earnings need information from income statement to calculate current retained earnings. The balance sheets require information from statement of retained earnings(retained earnings for this period).

8 0
3 years ago
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