The bakery market in a large city is an example of Monopolistic competition.
Monopolistic competition exists when many companies offer competing products or services that are similar, but not perfect, substitutes. In this case, the bakeries in large cities that produce similar, but not identical products. The market structure is a form of imperfect competition.
Some of the characteristic of a monopolistic competition structure are;
The presence of many companies.
Each company produces similar but differentiated products.
Companies are not price takers.
Free entry and exit in the industry.
Companies compete based on product quality, price, and how the product is marketed.
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Answer:
option b is correct
Normal with a mean of $5.25 and a standard error of $0.28
Explanation:
Given data
mean = $5.25
standard deviation SD = $2.80
sample n = 100
to find out
sampling distribution
solution
we will find here first mean error that is
standard error = SD/ √n
put here value n and SD
standard error = 2.80 /√100
standard error = 0.28
and we know here that by central limit theorem that is state that sample distribution of sample mean is approximate normally distribute with Standard error and mean so
mean with normal is 5.25
Hence
option b is correct here
Normal with a mean of $5.25 and a standard error of $0.28
Answer: The minimum number of students you need if you want the margin of error to be 5% IS 278.
Explanation:
Cochran’s Sample Size Formula gives the minimum number of students as 
Where:
e is the desired level of precision (i.e. the margin of error),
p is the (estimated) proportion of the population which has the attribute in question and q is 1 – p.
The z-value for 95% confidence interval is found to be 1.96 in a Z table.
Assuming that half of the teenagers favor the elimination of a curfew: this gives us maximum variability. So p = 0.5 and q=0.5.
Then 
Rounding up, 
But considering that 1000 is a small population, we can modify the sample size we calculated above formula by using this equation:
Where s is the adjusted sample size, n is the original sample size we calculated and N is the population size.
Answer:
E. might rise or fall depending on whether the monopoly's marginal revenue curve lies above or below its demand curve.
Explanation:
In monopoly, the supply rule is the way how the farm will decide the price to sell the products in the market. This rule is simple, the price will be set where the demand curve cross the marginal revenue function, and not as perfect competition, where demand and supply demand cross. In monopoly the quantities are less thant perfect market situation, and the price is higher.
Answer: The assets that are classified as plant assets on the company's balance sheet include :
(1) the showroom building, a separate building used to service customer cars, and various parking lots.
Plant asset is known as the long-term fixed asset that is used to bring forth or sell commodities and services for the institution. These assets are tangible and are expected to produce economic benefits for the organization.
