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Semenov [28]
3 years ago
10

True or false:

Business
1 answer:
Sedaia [141]3 years ago
5 0

Answer:

True

Explanation:

Monopolistic competition is a form of competition involving an industry in which products and services offered are <em>similar</em> <em>but not perfect substitutes.  </em>This type of industry, is familiarized with customers in their everyday lives.

Monopolistic competition has characteristics between perfect competition and monopoly and firms involved have similar degrees of market power. Firms in this industry are also price makers as producers in this type of industry, have control over the pricing of their goods and services.

Demand is subject to changes in price, indicating that <em>demand is highly elastic in monopolistic competition</em>. Entry and exit barriers are low in a monopolistic competitive industry  and decisions made by one firm, does not directly affect the decisions of its competitors.

Restaurants, hair salons, cleaning products are examples in this type of industry.

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Very few people in the United States today attempt to follow the example of Henry David Thoreau in On Walden Pond and "go into t
valina [46]

Answer:

Being self-sufficient dramatically reduces one's standard of living.

Explanation:

Thoreau had a view that one should go into the woods, live simply and produce what you need with your own hands (be self-sufficient).

Economists explain why most people in the United States do not do this. To an economist everyone in society have their own specialisation. That is why they emphasize division of labour.

So going into the woods to be self-sufficient is not the best use of one's resources and abilities.

Everyone has something unique to contribute in an interaction. What I have comparative advantage producing will be difficult for another person.

This will create a network of people giving what they have comparative advantage producing in exchange for goods and services they do not have competitive advantage producing. This results in everyone maximising utility.

But Thoreau's view will not maximise utility because it is not possible you have advantage producing all you need.

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3 years ago
Read 2 more answers
In 2018, Ryan Management collected rent revenue for 2019 tenant occupancy. For financial reporting, the rent is recorded as defe
Tema [17]

Answer:

The Journal entries are as follows:

(i) In 2018,

Income Tax Expense A/c                      Dr. $24

Deferred Tax Assets A/c ($40 × 30%)  Dr. $12

To Income Tax Payable ($120 × 30%)                        $36

(Being income tax and deferred tax recorded for 2018)

(ii) In 2019,

Income Tax Expense A/c                         Dr.  $45

To Income Tax Payable ($140 × 30%)                          $42

To Deferred Tax Assets ($10 × 30%)                          $3

(Being income tax and deferred tax recorded for 2019)

6 0
3 years ago
In order for a driver to graduate from a learner’s license to an operator’s license, how many hours of driving need to be docume
Harman [31]
Must have drove 50 hours on a learners permits, 10 of which are at night.
4 0
3 years ago
Television channel operating profits vary from as high as 45 to 55 percent at MTV and Nickelodeon down to 12 to 18 percent at NB
Xelga [282]

Answer:

Explanation:

MTV and cable channels can have higher operating profits largely because they have lower costs and can reach very specific demographic groups quite easily. MTV and Nickleodeon are typically not paying high and uncertain prices for their shows. They air mainly reruns of proven shows or relatively low-cost reality shows. This means that they have more cost certainty.

In addition, they have very clear target audiences where the networks do not. MTV is clearly aimed at teens and young adults while Nickleodeon is a kids' channel. Advertisers are attracted to channels with such clear demographics.

As far as Porter's five forces go, the most likely reason for the higher cable profits would have to do with brand equity and the lower propensity among buyers to substitute.

These would mean that cable channels have a lower threat of new competition and a lower threat of substitute products. It is true that it is easy for a new cable channel to be created, but it is much harder for such a channel to get the name recognition and brand equity that MTV and Nickleodeon have.

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The amount of money you can charge to a credit card is called
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It is called deposit.
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