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3 years ago

Which industry is an example of monopolistic competition

Business

1 answer:

Black_prince [1.1K]3 years ago

8 0

<h2>Independently owned and operated high-street stores and restaurants is an example of monopolistic competition.</h2>

Explanation:

The model of monopolistic competition describes a common market structure in which firms have many competitors, but each one sells a slightly different product.

Clothing industry- Marketing and branding is the main separator between different evidently similar black shirts.
The fast-food industry- where a burger made by McDonald’s is quite similar to a burger made by Burger King, though consumers usually have a preference between the two chains.
Independently owned and operated high-street stores and restaurants- In the case of restaurants, each one offers something different and possesses an element of uniqueness, but all are essentially competing for the same customers.

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Ksivusya [100]

Answer:

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3 years ago

Identify the sentence that relies most strongly on emotional language. (1 point) if this project isn't successful, you will rece

steposvetlana [31]

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3 years ago

In which of the following scenarios will you be entitled to pay the least amount of money out-of-pocket for a medical expense?

Romashka [77]

B. You have health insurance with a $500 deductible.

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4 years ago

Select the correct answer.

Dima020 [189]

The correct option is A

<u>Explanation:</u>

Under the accrual basis of an accounting system, an expense has to be booked in the period in which it is incurred whether such an expense has been paid or not.

<u>The following Journal Entry will be passed in the books of accounts of a company: </u>

Wages account will be debited with an amount of 5000 and Wages Payable account will be credited with an amount of 50000

Thus, the correct answer will be option A from the given options.

5 0

3 years ago

Each unit of a product requires 5 components. The average number of components is 5.50 due to component failure. Purchasing high

Evgesh-ka [11]

Answer:

correct option is d. $225

Explanation:

given data

product requires = 5 component

average number of components = 5.50

reduce average number of components = 5 per unit

cost per component = $450

solution

we get here reduction in failure costs per unit due to purchasing that is express as

reduction in failure costs per unit due to purchasing = ( average number of components - product requires ) × cost per component .......................1

put here value and we get

reduction in failure costs per unit due to purchasing = ( 5.50 - 5 ) × $450

reduction in failure costs per unit due to purchasing = $225

so correct option is d. $225

4 0

3 years ago