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
Helga [31]
2 years ago
6

Consider four types of markets: monopoly, perfect competition, oligopoly, and monopolistic competition. If they were ranked from

the lowest number of firms to the largest number of firms the ranking would
Business
1 answer:
artcher [175]2 years ago
5 0

Answer:

Monopoly

Oligopoly

monopolistic competition

Perfect competition

Explanation:

A perfect competition is characterized by many buyers and sellers of homogenous goods and services. Market prices are set by the forces of demand and supply. There are no barriers to entry or exit of firms into the industry.    

A monopolistic competition is when there are many firms selling differentiated products in an industry. A monopolistic competition has characteristics of both a monopoly and a perfect competition. the demand curve is downward sloping. it sets the price for its goods and services.

examples of monopolistic competition are restaurants  

A monopoly is when there is only one firm operating in an industry. there is usually high barriers to entry of firms. the demand curve is downward sloping. it sets the price for its goods and services.

An example of a monopoly is an utility company

An oligopoly is when there are few large firms operating in an industry. there is high barriers to entry and exit of firms

You might be interested in
A number of activities that are a part of a company's quality control system are listed below:
KonstantinChe [14]

Answer:

Explanation:

A. Product testing - Appraisal cost

B. Product recalls - External Failure cost

C. Rework labor and overhead - Internal Failure cost

D. Quality circles - Prevention cost

E. Downtime caused by defects - Internal Failure cost

F. Cost of field servicing - External Failure cost

G. Inspection of goods - Appraisal cost

H. Quality engineering -  Prevention cost

I. Warranty repairs - External Failure cost

J. Statistical process control -Prevention cost  

K. Net cost of scrap - Internal Failure cost

L. Depreciation of test equipment - Appraisal cost

M. Returns and allowances arising from poor quality - External Failure cost

N. Disposal of defective products - Internal Failure cost

O. Technical support to suppliers - Prevention cost

P. Systems development - Prevention cost

Q. Warranty replacements -   Internal Failure cost

R. Field testing at customer site - Appraisal cost

S. Product design -  Prevention cost

2. Which of the four types of costs in (1) above are incurred in an effort to keep poor quality of conformance from occurring? Prevention costs and appraisal costs.

Which of the four types or costs in (1) above are incurred because poor quality of conformance has occurred?   Internal failure costs and external failure costs

4 0
3 years ago
Natalie walks by a bakery, and her first response to the aroma coming from the store is a desire to eat something sweet and deli
Lisa [10]
From the instantaneous response that Natalie experienced, the answer should be C) Sensation.
8 0
3 years ago
Venus Inc., a producer of high-end computer software, provides merchandising aids to its distributors in the form of interactive
Tanya [424]

Answer: push marketing strategy

Explanation:

A Push Marketing Strategy can sometimes be referred to as the push promotional strategy, and this occurs when businesses take their products to the customers.

In this strategy, different marketing techniques are used by the company to push their products to the consumers. This can be seen in the question given as Venus Inc. is utilizing different methods in order to accelerate the sale of its new product.

6 0
3 years ago
You are to receive $500 at the end of one year; $250 at the end of two years; $300 at the end of three years. if the interest ra
Ulleksa [173]
The value is 210 dollars
6 0
3 years ago
Brooks Corporation has a Food Services department that provides food for employees in all other departments of the company. For
blsea [12.9K]

Answer:

the amount that should be charged for the other department is $60,000

Explanation:

The computation of the amount that should be charged for the other department is shown below:

= Variable cost per meal × number of meals

= $4 × 15,000 meals

= $60,000

hence, the amount that should be charged for the other department is $60,000

So the same would be relevant

6 0
3 years ago
Other questions:
  • Renee operates a proprietorship selling collectibles over the web, and last year she purchased a building for $24 million for he
    13·1 answer
  • How did industrialization encourage the growth of public education
    5·2 answers
  • When delivering bad news to customers, use an indirect strategy as you would with other bad news messages, and maintain a positi
    6·1 answer
  • Holly Farms has sales of $509,600, costs of $448,150, depreciation expense of $36,100, and interest paid of $12,400. The tax rat
    6·1 answer
  • Beacon​ Roofing's bank statement shows a bank balance of​ $43,267. The statement shows a bank service charge of​ $80 and a note
    10·1 answer
  • Uchimura Corporation has two divisions: the AFE Division and the GBI Division. The corporation's net operating income is $10,900
    8·1 answer
  • In the context of investing, the term market refers to?
    7·1 answer
  • Spencer Tools would like to offer a special product to its best customers. However, the firm wants to limit its maximum potentia
    7·1 answer
  • Samantha is part of a project management team working on the initiation phase of a project. What is her team expected to do in t
    12·1 answer
  • "espedal" How do strategic leaders manage their firm’s resource portfolio effectively to exploit its core competencies and lever
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!