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Vlada [557]
3 years ago
13

When businesses can promote different features of their products and consumers are willing to pay more for products containing t

he features they desire, the competitive environment is probably
Business
1 answer:
pychu [463]3 years ago
8 0

Answer:

Monopolistic competition can promote different features of their products and consumers are willing to pay more for products containing the features that they desire.

Explanation:

  • Here many firms create similar products but they are not a substitute of any other.
  • This combines monopoly and competitive market
  • It is a form of "imperfect competition"
  • This has emerged because the product developed by different people target the same set of audience by providing few differentiation.

Examples of monopolistic competition:

  • The restaurant business
  • Consumer services
  • General specialist retailing
  • Hotels / Pubs.\

Advantages:

  • Greater ability to fund
  • Research & Development

Disadvantage:

  • Higher price
  • Fewer incentives
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Who is demonstrating entrepreneurship? for bca in high school
ollegr [7]
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4 0
3 years ago
When an individual invents a new product and patents it, a writer copyrights and publishes a book, or a company develops a symbo
horsena [70]

Answer:

A. Intangible assets

Explanation:

Intangible assets: They refers to assets that are not physical in nature. They are identifiable, non-monetary assets without physical substance such as brand recognition, intellectual property. Intellectual property includes patent right, copyright, and trademarks.

Intangible assets lice brand names are non physical in nature unlike tangible assets that are phsysical. Examples of tangible assets are building, vehicle, land, machineries and furnitures. They are assets that is expected to generate economic return in the future.

There are two classes of intangible assets

1. Identifiable intangible assets: These are intangible assets that can be separated from other assets such as copyright, trademarks and patent.

2. Unidentifiable intangible assets: They are assets that cannot be separated from other assets such as Goodwill.

5 0
4 years ago
Inventory control models assume that demand for an item is:______________.
Zielflug [23.3K]

Answer:

b.

Explanation:

Inventory control models assume that demand for an item is either independent of or dependent on the demand for other items. This is because the amount of stock that the company should have for an item depends on the demand for that item, but at the same time demand for that item will sometimes vary depending on the demand for other similar items which may or may not be taking market share away from the first item.

5 0
3 years ago
The economic inefficiency of a monopolist can be measured by the A. area above marginal cost but beneath demand from the monopol
Reil [10]

Answer:

The correct answer is option D.

Explanation:

A monopoly firm is neither productively nor allocative efficient. The reason behind this is that it does not utilize the resources efficiently and produces below the socially optimal level of output.  

Unlike perfect competition, which produces at the point where price equals marginal cost, a monopolist produces at the point where the price is greater than marginal cost.  

This inefficiency is visible through the decrease in consumer surplus and deadweight loss. The difference between socially optimal level of output and monopoly output also represents inefficiency. The value of the goods and services that could have been made if monopolist chose to produce at a socially optimal level also shows inefficiency.  

7 0
3 years ago
A proposed project has an initial cost of $38,000 and cash inflows of $12,300, $24,200, and $16,100 for years 1 through 3, respe
In-s [12.5K]

Answer:

IRR is greater than required return by 17.38 - 16.8 % = 0.58 %

so project will accept

Explanation:

given data

initial cost = $38,000

cash inflows year 1 =  $12,300

cash inflows year 2= $24,200

cash inflows year 3 = $16,100

rate of return = 16.8 %

solution

we consider here IRR is = x so

present value of inflows is equal to present value of outflows   .............1

we can say that it as

initial cost = present value

3800 = \frac{12300}{1*x} +\frac{24200}{(1*x)^2} +\frac{16100}{(1*x)^3}

solve it we get

x = 17.38%

here IRR is greater than required return by 17.38 - 16.8 % = 0.58 %

so project will accept

4 0
3 years ago
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