Answer:
The correct answer is B.
Explanation:
Gross profit equals net sales minus cost of sales(Net sales- Cost of Sales).
Net sales = $325,000
Cost of Sales = $240,500
Therefore we have;
$325,000 - $240,500
=$84,500
Gross profit ratio is (Gross profit/net sales) x 100%
($84,500 x $325,000) x 100%
26%
If the entire economy should take a downturn, the effect on the manufacturer would be to : offer rebates and incentives for customers who purchase washing machines.
<h3>What is meant by an economic downturn?</h3>
This is the term that is used to refer to the economic downturn that is experienced in a particular economy for a given period of time. This period would usually bring about the failure of the market with the producers and sellers making little gains in the market.
Hence we cam say that If the entire economy should take a downturn, the effect on the manufacturer would be to : offer rebates and incentives for customers who purchase washing machines.
Read more on economic downturn here: brainly.com/question/7201254
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Answer:
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Explanation:
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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.
