1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
ivolga24 [154]
3 years ago
8

hich scenario is an example of an industry in monopolistic competition? Sprint, AT&T, Verizon, and T-Mobile own a large port

ion of the U.S. cellular market share. Farmers grow navel oranges throughout the United States. The local gas company owns all of the gas lines that supply natural gas and heating to the residents in the town of Madison, Wisconsin. Within walking distance from your home, there are a plethora of fast-food restaurants including Koala Express, Cabo Bob's Burritos, Oodles of Noodles, and Hanz's Hearty Hamburgers.
Business
1 answer:
Anton [14]3 years ago
6 0

Answer:

Within walking distance from your home, there are a plethora of fast-food restaurants including Koala Express, Cabo Bob's Burritos, Oodles of Noodles, and Hanz's Hearty Hamburgers.

Explanation:

Monopolistic competition refers to a market where there are a large of suppliers that offer differentiated products to a large number of consumers. The restaurant industry are the most common example of monopolistic competition.

The other options are wrong:

Sprint, AT&T, Verizon, and T-Mobile own a large portion of the U.S. cellular market share. OLIGOPOLISTIC MARKET (FEW SUPPLIERS AND MANY CONSUMERS)

Farmers grow navel oranges throughout the United States. PERFECT COMPETITION (MANY SUPPLIERS AND MANY CONSUMERS THAT SUPPLY SIMILAR PRODUCTS)

The local gas company owns all of the gas lines that supply natural gas and heating to the residents in the town of Madison, Wisconsin. MONOPOLY, ONLY ONE SUPPLIER AND MANY CONSUMERS

You might be interested in
Gardening supplies are hot now but they haven’t always been why is this true of other businesses too
marusya05 [52]

Answer:

look i don't care...

Explanation:

just joking i don't know that question

3 0
3 years ago
If the absolute value of the own price elasticity of demand is greater than 1, then demand is said to be:
OLEGan [10]

Answer:

A. elastic.

Explanation:

Elasticity of demand measures the responsiveness of quantity demanded to changes in price.

Demand is elastic when a change in price leads to a change in quantity demanded. The coefficient of elasticity for elastic demand is usually greater than one.

Demand is inelastic when a change in price has no effect on quantity demanded.

The absolute value of the coefficient of elasticity for inelastic demand is usually less than 1.

Demand is unitary when a change in price leads to an equal proportional change in quantity demanded.

The absolute value of the coefficient of elasticity for unitary demand is usually equal to one .

I hope my answer helps you.

8 0
3 years ago
Six investors purchase a shopping center. One of them manages the tenants and another manages the marketing and leasing. Two oth
GREYUIT [131]

Answer:

a. a general partnership

Explanation:

Based on the scenario being described within the question it can be said that this example best matches a general partnership. This term refers to a business arrangement in which two or more individuals all agree to join forces and unify all assets, profits, losses, and liabilities. Which is what the six investors are doing by purchasing and equally owning a shopping center together.

7 0
3 years ago
Read 2 more answers
In a perfectly competitive market, all producers sell identical goods or services. Additionally, there are many buyers and selle
V125BC [204]

Answer:

True

Explanation:

In a perfectly competitive market, all producers sell identical goods or services. Additionally, there are many buyers and sellers. Because of these two characteristics, both buyers and sellers in perfectly competitive markets are price takers. Market price is set by the forces of demand and supply.

If the seller attempts to set his own price and sets it above the market price, the seller would lose all its customers and make zero sales.

If the seller attempts to set his own price and sets it below the market price, the seller would make losses .

I hope my answer helps you.

7 0
3 years ago
Who was your most difficult customer?
jeka57 [31]

Answer: when I was working at AXA as a Financial Advisor, my most difficult clients or customers are the SKEPTICAL CUSTOMERS ( their ask much questions and always doubt everything you say).

one of the days I never meet a clients need, was the day a client wants to liquidate his money market investment ( it's a fixed account where clients deposit money and expect good returns or interest when ever they want to cash out the money). The clients wants his money immediately, but at that moment we had some Network issue, and claims has to be posted before liquidation can be done. I called the head office to inform them the issue on ground, as they work to rectify it, I took the client to our lounge room, I bought him ice cream and cake, we ate together and I cracked some jokes, we laughed together as we wait for the Network issue to be resolved,

Customers satisfaction is actually difficult when it comes to large number, I always have a note book, to write down appointment and discussions with customers, so it will be easy for me to satisfy everyone according to what we have discussed earlier. When I have much work to do per hour, I have to inform them on how each issue will be treated accordingly, as their patiently wait.

The last time I apologized to someone was few hours ago, I mistakenly stepped on someone's foot in a public transport, I just have to apologize immediately.

Explanation:

6 0
3 years ago
Other questions:
  • 1The main reason that U.S. currency cannot be turned in to the government in exchange for a tangible asset such as gold is that:
    7·1 answer
  • Question help the muffin house produces and sells a variety of muffins. the selling price per dozen is​ $15, variable costs are​
    15·1 answer
  • Rachael’s Restaurant, a fast-food restaurant company, operates a chain of restaurants across the nation. Each restaurant employs
    12·1 answer
  • In recent times, the top ______ percent of households by income made over $320,000.
    6·1 answer
  • A ______ is a word, name, symbol, or device that is used in trade with goods to indicate the source of the goods and to distingu
    7·1 answer
  • Venus Creations sells window treatments (shades, blinds, and awnings) to both commercial and residential customers. The followin
    12·1 answer
  • Kim Jordan, cofounder and CEO of New Belgium Brewery, believes that the New Belgium Brewery is acting as a business role model.
    9·1 answer
  • DEFINITION TERM 1. Investments in debt securities that are not held-to-maturity or trading. 2. Investments in debt securities th
    11·1 answer
  • Explain migration of population in economics.<br> pls its urgent
    9·1 answer
  • Suppose the demand function for good X is given by: where is the quantity demanded of good X, is the price of good X, and is the
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!