1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
DaniilM [7]
3 years ago
13

A similarity between monopoly and monopolistic competition is that in both market structures a. there are only a few buyers but

many sellers. b. there are a small number of sellers. c. sellers are price makers rather than price takers. d. strategic interactions among sellers are important.
Business
1 answer:
Tpy6a [65]3 years ago
5 0

Answer:

c

Explanation:

A monopolistic competition is when there are many firms selling differentiated products in an industry. A monopolistic competition has characteristics of both a monopoly and a perfect competition. the demand curve is downward sloping. it sets the price for its goods and services.

An example of monopolistic competition are restaurants  

When firms are earning positive economic profit, in the long run, firms enter into the industry. This drives economic profit to zero

If firms are earning negative economic profit, in the long run, firms leave the industry.  This drives economic profit to zero

in the long run, only normal profit is earned

A monopoly is when there is only one firm operating in an industry. there are usually high barriers to entry of firms. the demand curve is downward sloping. it sets the price for its goods and services.

An example of a monopoly is a utility company

A price maker is a seller that sets the price for its goods and services. A monopoly and a monopolistic competition are price makers

You might be interested in
Suppose that Allison has an accounting degree, but she lost her job two months ago when her company merged with another firm. Al
torisob [31]

Answer:

underemployed

Explanation:

From the question we are informed about Suppose that Allison has an accounting degree, but she lost her job two months ago when her company merged with another firm. Allison hasn't been able to find another accounting job, so she has taken a part-time job as a sales clerk at a clothing store. The Bureau of Labor Statistics classifies Allison as underemployed. Underemployment as regards Bureau of Labor Statistics can be regarded as one that measure employment and labor utilization in a particular economy which looks the way and how well the labor force is being utilized as regards

experience, skills,l as well as availability to work. People that falls under the classification of underemployed can include high skilled workers that are working in low paying or managing low skill jobs as well as part-time workers even though they who would prefer to work full-time. Unlike unemployment whereby the person is working though not at their full capability.

5 0
3 years ago
Does minimum wage automatically increase as inflation or prices of goods increase?
Alexxandr [17]

Answer:

nope. prices have been going up alot in even just the past decade, and yet minimum wage is still $7.25

7 0
3 years ago
Three months ago, Central Supply stock was selling for $51.40 a share. At that time, you purchased five put options on the stock
oee [108]

Answer:

$4,350

Explanation:

Calculation to determine your net profit or loss on this investment

Net profit = (-$0.60 - $42.70 + $52) × 100 × 5

Net profit= $4,350

Therefore your net profit or loss on this investment is $4,350

7 0
3 years ago
Quick Burger is preparing a training program to teach employees how to operate its new coffee-making system. When the training i
VashaNatasha [74]

Answer:

Assessment

Explanation:

Assessment is the most effective way to check the employee performance whether they are eligible for the process or not. It can be done only after the training program.

Therefore as per the given situation Quick Burger conduct the training program for employees that how to operate the new coffee-making system. So, after the training program Quick burger do the assessment to check the employee skills.

5 0
4 years ago
Which of the following is NOT an element of organizational structure? A) Well-articulated mission, vision, and value statements.
alekssr [168]

Answer:

A) Well-articulated mission, vision, and value statements.

Explanation:

An organizational structure can be defined as a system that states how business activities such as standard rules, task allocation or roles of employees, coordination, responsibilities and supervision of these activities are directed so as to enhance the achievement of the goals, aims and objectives of the organization.

Simply stated, an organizational structure usually defines a hierarchy, which is used to determine how information, roles and responsibilities flow from one level to another in an organization. Generally, the flow of information are usually from top to bottom.

Furthermore, the organizational structure can be divided into four (4) distinct categories and these are;

1. Matrix organizational structure.

2. Functional organizational structure.

3. Divisional organizational structure.

4. Flat organizational structure.

The following are the elements of organizational structure;

A. Formal reporting relationships. This is enhanced by assigning a hierarchy, where informations are reported to the right individual and in a timely manner as well.

B. Grouping together of individuals into departments. This is to increase the level of output and enhance building good, coordinated development through division of labor.

C. Systems designed to ensure effective communication.

<em>Hence, a well-articulated mission, vision, and value statements isn't an element of organizational structure. It could be regarded as an organization's center of gravity. </em>

3 0
3 years ago
Other questions:
  • For each of the following situations, indicate whether you agree or disagree with the financial reporting practice employed and
    6·1 answer
  • Mario transferred real estate with an adjusted basis of $140,000 for similar real estate with a fair market value of $160,000. T
    15·1 answer
  • What is the preferred method of controlling environmentally hazardous materials during manufacturing, operations, and disposal?
    11·1 answer
  • A 20-year bond of a firm in severe financial distress has a coupon rate of 13% and sells for $905. The firm is currently negotia
    14·1 answer
  • Martha is a sales representative at tango technologies where every month, she is expected to meet her quota of $10,000. for the
    14·2 answers
  • When a company pays a dividend, it isn't as simple as getting a paycheck from one's employer. There are several critical dates i
    9·1 answer
  • Skeeter's Skeeball Castle has seen its business slow down ever since Kerrie's Off-Key Karaoke opened up next door. Since the ope
    14·1 answer
  • Rightway Construction's project manager has been given the task of planning and implementing the construction of a playground fo
    12·1 answer
  • A company had 6,950,000 net income for the year. Is net sales were 14,700,000 for the same period. Calculate its profit margin.
    13·1 answer
  • How did McDonald's economy rise?
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!