Answer:
Use the following 8 steps to conduct a SWOT analysis.
Decide on the objective of your SWOT analysis. ...
Research your business, industry and market. ...
List your business's strengths. ...
List your business's weaknesses. ...
List potential opportunities for your business. ...
List potential threats to your business.
<span>The answer is </span>
<span>Mixed economies</span>
Answer:
Difficult entry
Mutual interdependence
Either homogeneous or differentiated products
Explanation:
A monopolistic market structure refers to the market where there is a small number of firms, mutual interdependence, a high degree of competition, and some level of difficulty in entering the market.
Since there are only a few firms in the market, the economic decisions of a firm affect its rivals. So the firms are mutually interdependent on each other and a firm has to consider the reaction of its rivals before making a decision.
The firms can either produce homogenous products or differentiated products. The high degree of competition makes it a little difficult for new firms to enter the market.
Answer: the correct answer is Wisconsin gains 300, Illinois loses 100.
Explanation:
Wisconsin won't clean the lake so we have to leave it out of the calculation.
Now Illinois is the one that spends 700 but receives just 600 in benefits.
700-600= 100 ( Illinois loss)
Out of the 900 generated for cleaning the lake, Michigan gets 300, because Wiconsin receives 600, that is,
900-600 =300 ( Wisconsin gain) (*Remember Wisconsin hasn't spent any single penny because it hasn't clean the lake).
