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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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A soccer team made $575. 75 from selling popcorn at a concession stand during a tournament. The popcorn cost the team $65. 0. Wh
kozerog [31]
The profit made by the team would be $(575.75 - 65.00) that is equal to $510.75.
Divide this by 15 players, we get profit of $34.05 per player.
8 0
2 years ago
Annie is working in an organization where her paycheck reflects how many hours she has worked with each paying client. For​ her,
konstantin123 [22]

Answer:

A. Expectancy theory

Explanation:

Expectancy theory asserts that people make certain choices because they are motivated by what they expect the result of their choices will be.

Annie's view of her pay as very fair and motivating is as a result of her desire to work more hours with clients. Meaning her mediation of the outcome or result (number hours spent) motivates Annie.

4 0
3 years ago
A. Construct an amortization schedule for the $300,000 loan with a 2.2% interest rate compounded monthly. The loan will be paid
Gala2k [10]

Answer:

since there is not enough room here, I prepared two amortization schedules on an excel spreadsheet and I attached them

Explanation:

in order to determine the monthly payment, we can use the formula to calculate present value of an annuity:

PV = annuity payment x annuity factor

annuity payment = PV / annuity factor

  • PV = $300,000
  • annuity factor for 2.2% / 12 = 0.18333% and 180 periods = 153.1964438

I used an annuity calculator to determine the annuity factor

annuity payment = $300,000 / 153.1964438 = $1,958.27

we use the same formulas for the second question:

PV = annuity payment x annuity factor

annuity payment = PV / annuity factor

  • PV = $300,000
  • annuity factor for 2.7% / 12 = 0.225% and 360 periods = 246.54977

I used an annuity calculator to determine the annuity factor

annuity payment = $300,000 / 246.54977 = $1,216.79

Download pdf
<span class="sg-text sg-text--link sg-text--bold sg-text--link-disabled sg-text--blue-dark"> pdf </span>
<span class="sg-text sg-text--link sg-text--bold sg-text--link-disabled sg-text--blue-dark"> pdf </span>
7 0
3 years ago
You’ve just received a complaint from your best customer that her set of 50 new sensors is overheating and she wants her money b
olga2289 [7]

Answer:

The correct answer is letter "B": This is an ethical dilemma because both the customer and the company have legitimate concerns.

Explanation:

An ethical dilemma is situation that entails an apparent mental conflict between moral legitimate concerns, in which one would transgress another. These concerns can be refuted in different ways, for instance by showing that the alleged ethical dilemma is only apparent and does not actually exist, or that the solution to the ethical dilemma involves choosing the greater good and the lesser evil.

5 0
3 years ago
Manson Industries incurs unit costs of $6 ($4 variable and $2 fixed) in making an assembly part for its finished product. A supp
Hatshy [7]

Answer:

Explanation:

                                                         Make          Buy           Net income

Variable manufacturing costs      $54,000        $0            $54,000

Fixed manufacturing costs           $27,000      $27,000     $0

Purchase price                              $0                $67,500    -$67,500

Total annual cost                          $81,000      $94,500    -$13,500

Conclusion: Manson Industries should make the part as making part save cost than buying it.

<u>Workings</u>

                                                    Make           Buy

Variable manufacturing costs  13500*4      0

Fixed manufacturing costs       13500*2      13500*2

Purchase price                           0                 13500*5

3 0
3 years ago
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