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
iragen [17]
3 years ago
10

"In a market characterized by monopolistic competition, how will new firms choose to engage this market

Business
1 answer:
Julli [10]3 years ago
5 0

Answer:

New firms entering into a market characterized by monopolistic competition must differentiate their products from the competition by establishing their own brands.

Explanation:

There are four main characteristics of a monopolistic competitive market.  They are large numbers of buyers and sellers; perfect information; low entry and exit barriers; and similar but differentiated goods.  Monopolistic competition is a market structure where the firms offer similar but branded products which differentiate one firm's product from the other.  This implies that there is competition but because of the presence of brands, firms cannot compete directly with one another.

You might be interested in
Icarus Aviation, Athena Instrumentation, and Hercules Miniaturization are strategic business units of Olympia Industries. One ca
Tpy6a [65]

Answer:

A) compete with one another in Olympia's internal capital markets.

B) are network member firms while Olympia is the strategic center firm.

C) are not necessarily related to one another in terms of products or markets.

Explanation:

A) An internal capital market refers to the way a corporation assigns capital resources to its different business units or subsidiaries in order to maximize its profits. The headquarter will always allocate more resources to its most profitable business units. Therefore, all the business units within a corporation compete against each other in order to get the most resources assigned to them.

B) When a corporation has different business units that are not necessarily working together but all must follow the same business strategy, the headquarters (Olympia Industries) acts as the strategic center and decides what strategies the whole corporation will follow. While the different business units act as network partners that operate separately but under the umbrella and guidance of the strategic center and its corporate strategy.

C) The fact that they all are part of a bigger corporation doesn't mean that they produce similar goods or services, or that they even compete in the same markets. For example, Amazon's profits proceed mostly from its cloud service unit AWS (B2B) and not the retail unit (B2C).

D) If the different business units don't work together, then it is probable that they don't share the same core competencies.

6 0
4 years ago
Let us suppose that a hospital wants to set their fees for an overnight stay such that the contribution margin on a hospital roo
Rainbow [258]

Answer: $756

Explanation:

Based on the information given in the question, the fee that should be charged to obtain a contribution margin of 18% will be:

Target fee = Variable cost/(1-Contribution Margin)

= $620/(1 - 18%)

= $620/(82%)

= $620/0.82

= $756

They should charge $756

3 0
3 years ago
How does competition influence the price of a good to either purchase or produce
Elan Coil [88]

It influence it by lowering the price and if it's by producing then people would want to go to the store that has more of the product that people want.

6 0
3 years ago
All of the following are benefits provided by monsoons in South and Southeast Asia, except __________. A. increased flooding B.
Aleonysh [2.5K]

The Correct answer is Increased Flooding which is Option A.

A flood is the accumulation of water over normally dry land. It’s caused by the overflow of inland waters (like rivers and streams) or tidal waters, or by an unusual accumulation of water from sources such as heavy rains or dam or levee breaches.

<h3><u>Why Increased Flooding is an exception and not a benefit?</u></h3>
  • Floods are the most common (and among the most deadly) natural disasters in India. They have brought destruction to every state and nearly every county, and in many areas they are getting worse. As global warming continues to exacerbate sea level rise and extreme weather.
  • This occurs when a river or stream overflows its natural banks and inundates normally dry land. Most common in late winter and early spring, river flooding can result from heavy rainfall, rapidly melting snow, or ice jams.

Increased Flooding is the only drawback of monsoons among other 3.

Following are the mentioned benefits.:-

B) The provision of needing water - there is enough amount of water.

C) Improved economy - Improvement of a greater economy.

D) Greater food Production - Monsoon helps in greater food production.

To know more about Flooding, check the given links.

brainly.com/question/12686086

#SPJ4

7 0
2 years ago
Last year Lawn Corporation reported sales of $115,000 on its income statement. During the year, accounts receivable decreased by
julia-pushkina [17]

Answer:

$125,000

Explanation:

Particulars                                                     Amount

Sales revenue                                            $115,000

Add: Accounts receivable decrease        <u>$10,000</u>

Cash Receipt from customers                 <u>$125,000</u>

The sales revenue adjusted to a cash basis for the year is $125,000.

4 0
3 years ago
Other questions:
  • Does a 14 year old need a work permit to work at safeway
    14·2 answers
  • The department chair of the it department issued a directive that "absolutely no food or drink are allowed in any computer lab."
    15·2 answers
  • From the information available, which of the following
    6·2 answers
  • Windsor, Inc. reported the following selected information at March 31. 2017 Total current assets $234,000 Total assets 440,000 T
    9·1 answer
  • International Finance Problem Set on Working Capital Management1. Rossignol Co. manufactures and sells skis and snowboards in Fr
    12·1 answer
  • How does investing in successful business ideas earn you money?
    10·1 answer
  • Q has a traditional whole life policy with a $10,000 face amount, a $5,000 cash value, and a $4,999 policy loan and loan interes
    7·1 answer
  • If the returns on a stock index can be characterized by a normal distribution with mean 12% and standard deviation of 3%, the pr
    11·1 answer
  • Phil has been working on a new version of his company's best-selling sales management software and now he'd like to ask several
    5·1 answer
  • Classify the source of market failure in each case listed.
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!