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4 years ago

Give two characteristics of a perfectly competitive market.

Business

1 answer:

sergey [27]4 years ago

7 0

1. a large number of buyers and sellers
2. an identical or a homogeneous product

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Monopolistic competition resembles pure competition because:

OleMash [197]

Answer:

The correct answer is D.

Explanation:

Monopolistic competition is a type of imperfect competition such that many producers sell products that are differentiated from one another as goods but not perfect substitutes (such as from branding, quality, or location). In monopolistic competition, a firm takes the prices charged by its rivals as given and ignores the impact of its own prices on the prices of other firms.

Monopolistic competitive markets:

have products that are highly differentiated, meaning that there is a perception that the goods are different for reasons other than price;

have many firms providing the good or service;

firms can freely enter and exits in the long-run;

firms can make decisions independently;

there is some degree of market power, meaning producers have some control over price; and

buyers and sellers have imperfect information.

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3 years ago

Which estimating technique decomposes the work into lower, more detailed pieces, preferably the lowest level of WBS work element

elixir [45]

Answer: (C) Bottom-up estimating

Explanation:

The bottom-up estimating is one of technique used by the manager or lead of the project department in the project management process.

By using this technique the manager makes an estimated process for assigning the different types of task in project management and it also divide the task into the different groups so that they work done more efficiently and accurately.

According to the given question, the bottom-up estimating technique are used for decomposes the work into the detailed format.

Therefore, Option (C) is correct.

4 0

3 years ago

What is product positioning?

Kruka [31]

Product positioning is the process of deciding and communicating how you want your market to think and feel about your product

3 0

3 years ago

The 100-room Fantastic Florida motor lodge accepts only cash for its guests. On Saturday evening the hotel had 90 of its rooms o

Fudgin [204]

Answer: 100.00

Explanation:

3 0

3 years ago

Prepare an answer sheet with the column headings that follow. For each of the following transactions or adjustments, indicate th

hichkok12 [17]

Answer:

Accounts Assets Liabilities Net income

a. Depreciation Expense -$200 -$200

b. Land / Cash -$9,000 + $12,000 + $3,000

c. Equipment/Lease Liability +$11,000 +$11,000

d. Cash /Lease Liability -$2,500 -$2,500

e. Cash /Trademark -$6,600 + $6,600

Amortization Expense -$165

f. & g. Cash /Equipment +$16,000 -$19,300 -$3,300

Explanation:

b. The land was sold with a gain of $3,000 ($12,000 - 9,000)

e. The trademark's amortization expense = $6,600/40 = $165 per year.

f and g. The Accounts involved are:

1. Cash +$16,000 for the sale.

2. Equipment has a debit balance of $44,000 and a credit balance of $23,400 plus Depreciation expense of $1,300. These give a net balance of $19,300. The equipment was sold for $16,000, recording a loss of $3,300.

3. Loss from sale of equipment = $3,300 as determined above.

7 0

4 years ago