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MArishka [77]
3 years ago
5

The government has granted a patent to a pharmaceutical company for an experimental AIDS drug. That company is the only firm per

mitted to sell the drug.
Business
2 answers:
timurjin [86]3 years ago
7 0

The essence of the question is about competitive markets. This is wrong because the example above is not a competitive market because the entry of goods is not free. And also not all companies can enter this market freely, therefore this market cannot be said to be a competitive market. Because there are only one distributor and no other competitors.

<h2>Further Explanation </h2>

The competitive market refers to a market characterized by a high level of competition. There are a large number of potential buyers and sellers, all of whom are individually powerless to influence market prices.

<h3>Characteristics of Competitive Markets </h3>
  • There are many independent sellers and buyers.
  • Large market liquidity.
  • The balance of demand and supply determines the market price, the price for the seller and the price for the buyer.
  • Goods must be identical, so it does not allow producers to charge a higher price than the market price.
  • There are no external interventions that can affect the performance of market mechanisms.

<h3>Types of markets the imperfect competition: </h3>
  • Monopoly: A single seller dominates the entire market.
  • Oligopoly: There are several sellers who have more than two and fewer than ten and act in the competition.
  • Monopsony: Many sellers and one buyer.
  • Oligopsoni: Many sellers and some buyers.
  • Monopolistic: Many sellers with different products and have their own characteristics.

Learn More

Competitive Market brainly.com/question/933427

Imperfect Competitive Market brainly.com/question/933427

Details

Grade: High School

Subject: Business

Keywords: market, competitive, imperfect

morpeh [17]3 years ago
4 0
<span>The question refers to whether that scenario describes a competitive market, and the answer is - no. This scenario that you have presented us with is not an example of a competitive market because there is no free entry. Because firms cannot freely enter this market, this cannot be said to be competitive, because there are no companies to compete if there is only one firm involved. </span>
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The correct answer is letter "C": market specialization.

Explanation:

After <em>segmenting </em>their market, companies tend to start their phase of market specialization with the information gathered in their research which is helpful to spot what the company's best segment of the market is based on <em>age, gender, </em>and <em>consumer income</em>. With that information, firms can drive their efforts toward producing a good or rendering a service that satisfies the needs of a specific group of them.

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1 Gopal is the CEO of Gopal Leisure (GL). GL has a tall
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A manager is known to be a person  that does the work of supervising and motivating employees and they also aid or direct the progress of a firm.

<h3>What are the types of organizational structures?</h3>

An organizational structure is known to be a  system that states out how the activities in a firm are directed so as to achieve the goals of the firm.

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3 0
2 years ago
What is a good reason to contribute to a 401(k) retirement account?
kykrilka [37]

Answer:

The money in the 401(k) account is not taxed until withdrawn.

Explanation:

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3 years ago
Find the final amount in the following retirement​ account, in which the rate of return on the account and the regular contribut
ICE Princess25 [194]

Answer:

Total value of the investment= $57,320.73

Explanation:

<u>First, we need to calculate the future value of the first part of the investment. We will calculate the future value for the monthly deposit for five years and then the lump sum for another five years.</u>

FV= {A*[(1+i)^n-1]}/i

A= monthly deposit

i= 0.04/12= 0.003333

n= 5*12= 60 months

FV= {322*[(1.003333^60) - 1]} / 0.003333

FV= $21,348.05

<u>For the lump sum:</u>

FV= PV*(1+i)^n

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<u>Now, the future value of the second part of the investment:</u>

<u></u>

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