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kari74 [83]
3 years ago
15

name two different market structures describe how and why they each have a different competitive situation

Business
2 answers:
ELEN [110]3 years ago
8 0
Perfect Competition- many firms, freedom of entry, homogeneous product, normal profit
Monopoly- One firm dominates the market, barriers to entry, possibly supernormal profit.
Mkey [24]3 years ago
3 0
Economists suppose that there are various buyers and sellers in the marketplace which means that competition is everywhere in the market which in turn allowed price to change in reaction to changes in supply and demand. In Economics, there are some market structures that describes how each structure compete in a different competitive situation. Monopoly is one. Monopoly is one of the market structures whereby there is one producer or seller which means, the industry is the single business. This market structure prohibits others from joining the market when a company has a patent or copyright. Oligopoly is another market structure where there are chosen few firms that make up an industry. Both market structures have high barrier entries where competing markets for share are interdependent as the consequence of market forces.


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Ken, a C.P.A., charges an annual fee to all of his clients for his services. Ken's services sometimes include investment advice
blondinia [14]

Answer:

C) When he begins advertising the availability of the investment advisory services.

Explanation:

The Investment Advisor Act of 1940 states that an individual is subject to regulation as an investment advisor if the individual gives investment advice and advertises himself/herself as offering such investment advisor services.

In this case, the moment Ken begins advertising his advisor service, he is subject to regulation under the Investment Advisor Act of 1940.

7 0
3 years ago
Bed & Bath, a retailing company, has two departments, Hardware and Linens. The company’s most recent monthly contribution fo
nadya68 [22]

Answer:

If linen department is dropped operating income of the company will decrease.

Explanation:

That is because the cotrollable margin of the department is positive:

controllable margin = contribution margin - controllable fixed costs

$605,000-($800,000-380,000) = 185,000

That means that the Linen department helps to reduced fixed cost that are not generated by this department and that will keep existing wether the department is closed or not.

In addittion the Hardware department will loose 19% of its sales if the Linen department is closed. Thus will result in a reduction of the cntribution margin of the hardware deparment too.

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3 0
3 years ago
Sifton Electronics Corporation manufactures and assembles electronic motor drives for video cameras. The company assembles the m
sashaice [31]

Answer:

Please see attachment

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5 0
4 years ago
Numerical fill-in-the-blank. Marv works at a bakery. During a shift at work, Marv can decorate either 8 wedding cakes or 13 chee
Alchen [17]

Answer: 1.6 cheesecakes

Explanation: Opportunity cost is simply the cost of a forgone alternative. It is the cost of an opportunity forgone (and the loss of the benefits that could be received from that opportunity); the most valuable forgone alternative.

If Marv can decorate 8 wedding cakes or 13 cheesecakes, it follows that the opportunity cost of making 8 wedding cakes is 13 cheesecakes. The question asks the cost of making a cake. This is given by:

13/8 = 1.625 cheesecakes

= 1.6 cheesecakes to the nearest tenth as the answer.

4 0
3 years ago
Mrs. Jones has repeatedly attempted to reduce Jonathon’s behavior of rushing through his daily worksheets. His behavior results
8090 [49]

Answer:

The answer is: DRO or positive reinforcements

Explanation:

Differential Reinforcement Procedures (DRO) is being used by Mrs. Jones by rewarding (reinforcing) Jonathon if he doesn't turn in illegible or poorly done worksheets.

This means that the absence of an undesirable behavior will be reinforced (rewarded).

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4 years ago
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