Answer:
see below
Explanation:
1. In a monopoly, one firm dominates a large market. Only one seller is serving a large number of buyers. In a perfectly competitive market structure, many sellers are competing to sell to many buyers.
2. A monopoly has no competition for its products. There are no close substitutes, which leaves customers with no other option but to buy from the monopoly. In perfect competition, sellers sell identical products. There is stiff competition for the product being sold.
3. In a monopoly, there are strong barriers to entry and exit from the market. In a perfectly competitive market, restrictions on entry or exit are absent.
4. The price for a monopoly is always set above the average cost, while in perfect competition, the price set is equal to the marginal cost.
5. A monopoly has full control over its price and can offer different prices to different groups of customers. In a perfects competition, the firms cannot practice price discrimination because they have no control over prices.
When someone like Kelsie blames Steve for all her shortcomings at work even though he is the hardest working member on the team, it is an example of political workplace deviance. Therefore, the option B holds true.
<h3>What is the significance of workplace deviance?</h3>
Workplace deviance can be referred to or considered as the tendency of an employee or a member of an organization to intentionally cause a sense of harm to the regular functioning of the organization.
A political deviance is a type of workplace deviance wherein an employee in higher authority starts blaming others for slightest of irregularities in the team.
Therefore, the option B holds true and states regarding the significance of workplace deviance.
Learn more about workplace deviance here:
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The missing options to the question are added below for better reference.
A. group deviance
B. political deviance
C. personal aggression deviance
D. property deviance
Answer:
The good is considered a necessity.
Explanation:
Price elasticity of demand is a measure of the sensitivity of demand for a good or service to changes in the price of that product. We say that the price elasticity of demand is elastic when a percentage change in the price of this good has major impacts on demand. On the contrary, we say that the price elasticity of demand is inelastic when variations in the price of goods have little or no influence on demand.
Usually elastic goods are those that can be replaced, so that rising prices cause a drastic drop in demand that will flow to another product. For example, if the price of the burger rises, consumers may stop buying burgers and substitute pizza (assuming these products are substitutes). On the contrary, if the good is needed, it usually tends to be inelastic, that is, the price increase does not considerably decrease the demand, because consumers need this good. For example, medicines.
Answer:
d. ethnographic research
Explanation:
Ethnographic research -
It is a type of research method , where the people tries to interact with the people in real life , in order to get the best and most pure information regarding the research topic , is referred to as ethnographic research .
The method is very effective and efficient to attain knowledge for the research topic .
Hence , from the given scenario of the question ,
The correct option is d. ethnographic research .
Answer:
c. seller receives cash sooner than if credit is granted directly to the customers
d. may allow seller to increase sales volume
Explanation:
When a customer uses a credit card, the bank that issued the card pays the seller immediately, and later, the bank recovers the money plus interest from the customer.
So this method allows for a faster collection of cash (basically immediatly) than if the seller granted the credit directly to the customer.
Credit cards also allow seller to increase sales volume because many people lack the cash necessary to pay down the full value of the purchase.
