All categories

3 years ago

The reason that the "fast-casual" restaurant market is monopolistically competitive rather than perfectly competitive is because

2 answers:

5 0

A market which is monopolistically competetive has an imperfect competition and characterized with many producers that sell products that are differentiated from one another. Because of this there are not perfect substitutes.
So, the reason that the "fast-casual" restaurant market is monopolistically competitive rather than perfectly competitive is because products are differentiated.

lord [1]3 years ago

5 0

The reason that the “fast-casual” restaurant market is monopolistic competitive rather than perfectly competitive because the products are differentiated.

Further Explanation:

Fast-casual restaurant:

The fast-casual restaurant is a type of restaurant that advertises the good quality food and has a product differentiated. It is midway between fast food and casual dining. This type of restaurant does not provide full table service. They are just offering good quality food and have low processed ingredients.

Monopolistic competitive:

A competitive refers to a type of competition in the market, in which only one seller sells the product in the market. In this type of competition, the product is differentiated. That's why the seller sells the product in the market at higher prices and earns a maximum profit.

Perfectly competitive:

Perfectly competitive is a type of competition in the market, in which there is no barrier to entry and exit in the market. The product is homogenous, and all the sellers reap the same amount of profit. In a long period, there is no profit.

Monopolistic competition is the reason behind the fast-casual restaurant considered as a monopolistically competitive rather than perfectly competitive market.

Learn more:

1. Learn more about monopolistic competition

brainly.com/question/7103791

2. Learn more about a competitive market

brainly.com/question/11095403

3. Learn more about cartel

brainly.com/question/1619397

Answer details:

Grade: Middle School

Subject: Economics

Chapter: Competitive market

Keywords: fast-casual restaurant, monopolistically competitive, rather than a perfectly competitive market, product, differentiated, fast food,casual dining.

You might be interested in

Antiques R Us is a mature manufacturing firm. The company just paid a dividend of $11.40, but management expects to reduce the p

drek231 [11]

Answer:

The correct answer is $57.

Explanation:

According to the scenario, the computation of the given data are as follows:

Dividend = $11.40

Growth rate = -0.05

Required rate of return = 0.14

So, we can calculate the price by using following formula:

Price = Dividend × ( 1 + Growth rate) ÷ ( return rate - growth rate)

By putting the value, we get

= $11.4 × ( 1 - 0.05) ÷ ( 0.14 + 0.05)

= $57

3 0

3 years ago

Rainbow Paints operates a chain to retail paint stores. Although the paint is sold under the Rainbow label, it is purchased from

LekaFEV [45]

Answer:

Instructions are listed below.

Explanation:

Giving the following information:

Fixed costs:

Occupancy costs $ 3,160

Salaries 3,640

Other 1,200

Total=

Variable costs (including the cost of paint) $ 6 per gallon

Selling price= $10 per gallon sold

To calculate the operating income we need to use the following formula:

Income= Number of units* selling price - variable cost - fixed costs

Q= 2,200

Income= 2,200*10 - 2,200*6 - 8,000= $800

Q= 2,600

Income= 2,600*10 - 2,600*6 - 8,000= $2,400

7 0

3 years ago

In 1975, OPEC did not allow the export of U.S. crude oil in order to drive up the price of oil. This action is an example of a(n

Murrr4er [49]

Answer: d. export ban

Explanation:

An Export Ban as the term implies refers to restrictions on the sale of a good to another country or set of countries.

In 1975, OPEC in a bid to drive up prices as well as punish countries it viewed as sympathetic to Israel, refused to supply the US and it's Allies with Oil thus reducing supply in the market. This had the effect of driving up oil prices and accomplishing their goals.

It had the effect of encouraging the US to implement an export ban so that domestic production in the US could be ramped up to take care of the population should OPEC ever threaten them again.

4 0

3 years ago

_______________ is an approach that starts by investigating the general data and information needs of an organization at the str

kompoz [17]

Answer:

The answer is Enterprise data modeling.

Explanation:

Enteprise data modeling is a component of data architecture, with subject, conceptual and enterprise logical models based on business concepts and requirements.

To define the subject area model, it is important to identify the key concepts for business expressed as singular nouns, there must be no more than 20 subjects, and they must no be functiones.

To define the enterprise logical data model, you should describe in detail the entities found, and related entities needed to complete the description.

4 0

3 years ago

I'm having trouble coming up with ideas of how to market these commodities to grandparents?

Simora [160]

Sounds creative! I will help you.

Sweatshirts- can be marketed to grandparents with a slogan and design on the sweatshirt they can relate to. The slogan can be Grandparents Rock! and the shirt can have different sayings like "my grandparent is cool or grandparents are smart...

Electronics- Advertise to grandparents by informing them that electronics tell time, have alarms to wake them, and they can read using them along with keeping tabs on their family.

art supplies- Advertise to the grandparents by offering a senior citizen sale for grandparents who like to draw, paint, and color with their grand children .

please vote my answer brainliest. thanks!

7 0

3 years ago