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3 years ago

Monopolistic competition resembles pure competition because:

Business

1 answer:

OleMash [197]3 years ago

7 0

Answer:

The correct answer is D.

Explanation:

Monopolistic competition is a type of imperfect competition such that many producers sell products that are differentiated from one another as goods but not perfect substitutes (such as from branding, quality, or location). In monopolistic competition, a firm takes the prices charged by its rivals as given and ignores the impact of its own prices on the prices of other firms.

Monopolistic competitive markets:

have products that are highly differentiated, meaning that there is a perception that the goods are different for reasons other than price;

have many firms providing the good or service;

firms can freely enter and exits in the long-run;

firms can make decisions independently;

there is some degree of market power, meaning producers have some control over price; and

buyers and sellers have imperfect information.

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Delta Motors, an American multinational automaker, was the first company to develop an affordable electric car. Delta Motors aim

drek231 [11]

Answer: The options are given below:

A) harvest for cash flow.

B) divest for cash flow.

C) improve customer loyalty.

D) enter related new market segments.

E) enter unrelated new market segments.

The correct option is D.

Explanation: Delta Motors is in the business of making automobiles. Their market segment will include people who use vehicles.

Therefore, in developing an affordable electric car, Delta Motors will still be in the business of servicing their current market segment, which is, people who use vehicles.

This segment will be new, but still related to the business that Delta Motors is involved in, because they will still be producing cars.

However, if we assume that Delta Motors now want to go into the business of making planes, they will service a totally unrelated new market segment, because making planes and making cars are two entirely different kinds of business.

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3 years ago

Read 2 more answers

Why would you choose a job over a career?

Rom4ik [11]

Answer:

A job can be just going to work to earn a paycheck. A career means that each of your jobs, experiences, and training programs is helping you advance in pay or responsibility. The real difference between a job and a career is your attitude. People who want a career are always thinking about their long-term goals.

Explanation:

Sorry if this isn't right love, I tried:(

5 0

3 years ago

After an intensive research and development effort, two methods for producing playing cards have been identified by the Turner C

Maurinko [17]

Answer:

A. 10,000 decks

Explanation:

In this we use the equation which is shown below:

Les us assume the selling price be X and the Quantity sold be Y

So,

EBIT = Y × X - Y × $1.00 - $10,000

EBIT = Y × X - Y × $1.50 - $5,000

If we solve this two - equation

Y × X - Y × $1.00 - $10,000 = Y × X - Y × $1.50 - $5,000

Y × $1.00 - $10,000 = Y × $1.50 - $5,000

Then, the quantity would be 10,000 decks

6 0

4 years ago

The balance sheet reports revenues and selling costs for a period of time.

Reika [66]

I would say false, the sheet that reports the revenues and the costs is known as the income statement. the balance sheet is the sheet that would report all of the assets (such as the cash, accounts receivable, or others). The balance sheet will also report all the liabilities (including the accounts payable, notes payable and others). Lastly, the balance sheet will also report the equity or the capital account of the business. So in a nutshell, the balance sheet reports the assets, liabilities, and owner's equity.

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4 years ago

The three major types of firms in the united states are called

Nina [5.8K]

The three major types are;
1. Partnerships
2. Corporations
3. Sole proprietorship

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3 years ago