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Anuta_ua [19.1K]
2 years ago
6

In a monopolistic competitive industry, a. there are significant barriers to exit. b. there are few sellers. c. there are signif

icant barriers to entry. d. each firm in the industry produces a slightly differentiated product.
Business
1 answer:
Nesterboy [21]2 years ago
6 0

Each firm in the monopolistic competitive industry produces a slightly differentiated product.

The monopolistic competition occurs where competitive firms produces or manufactures products or services that are similar and close substitutes to one another.

The characteristics of the monopolistically competitive market includes:

  • presence of many sellers in the market
  • easy entrance and exit of consumers in the market
  • differentiated products in the market.

Therefore, the Option D is correct because each firm in the monopolistic competitive industry produces a slightly differentiated product.

Read more about monopolistic competition:

<em>brainly.com/question/25717627</em>

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There are two main ways to measure social inequality, they are: Inequality of conditions refers to the unequal distribution of i
butalik [34]

Answer:

True.

Explanation:

Social inequality can be defined as an existence of unequal rewards and opportunities for different social status or classes within a group of people in a society.

Generally, social inequality is peculiar to a society that is grouped based on race, hierarchy of class, religion, culture and gender. A social inequality is characterized by unequal distribution of wealth, punishment, rewards, opportunities and goods or services to the various classes.

There are two main ways to measure social inequality, they are:

1. Inequality of conditions: refers to the unequal distribution of income, wealth, and material goods.

2. Inequality of opportunities: refers to the unequal distribution of life chances across individuals.

4 0
3 years ago
Benton Engineering Services Company incurred the following during 2016 Direct labor $94,000 Overhead 126,000 Selling expenses 11
Galina-37 [17]

Answer:

Prime cost = $94,000

<em>Conversion cost</em> =  $135,400.

Explanation:

<em>Prime cost is the addition of direct material cost , direct labor cost and direct expenses.</em>

<em>Conversion cost is the cost of converting raw materials into finished product. It s the sum of direct labour cost and production overheads.</em>

For Bento Engineering,

<em>Prime cost = direct labour cost  (since no figure is given for direct material and direct expenses.)</em>

Prime cost = $94,000

Conversion cost = Direct labour cost + overheads

<em>Conversion cost</em> = $94,000 + 126,000

                          =  $135,400.

Prime cost = $94,000

<em>Conversion cost</em> =  $135,400.

8 0
3 years ago
Commercial sports are most likely to grow and prosper in societies with
fomenos

Answer: Capital, Good Market Economy and Massive Urban Centres

Explanation:

Commercial sports are most likely to grow and prosper in societies with enough capital because for every buying and selling process, capital must be involved to set up marketable products. So, a commercial sport would require capital to have nice viewing areas, infrastructure and manpower.

Also, sports is incomplete without a massive urban center. A society with massive urban centres has a profitable potential for commercializing its sporting activities.

Lastly, a society with a good market economy that has its investment and production decisions dependent on supply and demand is a good spot for commercial sports.

6 0
2 years ago
Read 2 more answers
A manufacturer makes lightbulbs and claims that their reliability is 98 percent. Reliability is defined to be the proportion of
quester [9]

Answer:

The expected number of nondefective lightbulbs is 980 out of a random sample of 1,000 bulbs.

Explanation:

Hi, if the company is right, this is the operation that we need to do.

Bulbs(operating)=1,000*0.98=980

So, we are expecting 980 working bulbs out of a sample of 1,000

Best of luck

4 0
3 years ago
Determine whether the study depicts an observational study or a designed experiment. A researcher obtained a random sample of 10
Anastasy [175]

Answer:

A. Observational study

Explanation:

An observational study measures the characteristics of a population by studying individuals in a sample, but does not attempt to manipulate or influence the variables of interest.

A designed experiment applies a treatment to individuals (referred to as experimental units or subjects) and attempts to isolate the effects of the treatment on a response variable.

Hence, we can see that proposed study is observational.

5 0
3 years ago
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