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vova2212 [387]
3 years ago
7

. Determine which market the following industries fit in. Choose from purely competitive, monopoly, oligopoly or monopolistic co

mpetition. Explain your choice.
a. Corn farming
b. Grocery stores
c. Electric companies
d. Automobile manufacturing
Business
1 answer:
Leona [35]3 years ago
5 0

Answer:

a. Purely competitive

b. Monopolistic Competition

c. Monopolistic Competition

d. Oligopoly

Explanation:

a. Corn farming is a purely competitive market as there is a large number of producers selling the homogenous good i.e corn.  

b. Grocery stores are an example of monopolistic competition as there is a large number of sellers providing differentiated products.  

c. Electric companies are also an example of monopolistic competition as there is a large number of companies providing differentiated products.  

d. Automobile manufacturing is an oligopoly market, there are few large firms dominating the market. These firms are producing slightly differentiated products and are interdependent.

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Adolescent group members may share information too soon or even reveal inappropriate information about themselves, for which of
dusya [7]

Answer:

Question: Adolescent group members may share information too soon or even reveal inappropriate information about themselves, for which of the following purposes?

Answer: To impress other members

Explanation:

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3 0
3 years ago
A company produces and sells 6,400 recliners each year. Each production run has a fixed cost of $400 and an additional cost of $
Taya2010 [7]

Answer:

800 Recliners

Explanation:

Calculation for the optimal number of recliners the company should make during each production run

Using this formula

Economic Order Quantity (EOQ) =√ [(2 D x S) / C]

Where,

Annual Demand (D) = 6,400 Recliners

Fixed Ordering Cost (S) = $400

Carrying cost per recliner (C) = $8

Let plug in the formula

Economic Order Quantity (EOQ)= √[(2 x 6,400 x $400) / $8]

Economic Order Quantity (EOQ)=√$5,120,000/$8

Economic Order Quantity (EOQ)=√$640,000

Economic Order Quantity (EOQ)= 800 Recliners

Therefore the optimal number of recliners the company should make during each production run will be 800 Recliners

8 0
2 years ago
FIRST ANSWER GETS BRAINLIEST!
klio [65]

Answer:

C

Explanation:

5 0
2 years ago
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