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miss Akunina [59]
3 years ago
10

The key characteristics of a monopolistically competitive market structure include:

Business
1 answer:
Mrac [35]3 years ago
5 0

Many small (relative to the total market) sellers acting independently.

A monopolistically competitive market is a market structure where there are many producers of similar products but each firm can differentiate their own products.

In a monopolistically competitive market, entry into the markets are low. This means that there are no barriers to entering and exiting the market for sales purposes.

Thus, the monopolistically competitive market is characterized by having many firms, differentiated products and free entry/exit.

learn more at : brainly.com/question/25717627

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spayn [35]

Answer:

1. Almost all dissatisfied guests complain.

FALSE, ONLY ABOUT 5-10% OF DISSATISFIED CUSTOMERS ACTUALLY COMPLAIN. SOMETIMES THAT RATIO IS EVEN LOWER DEPENDING ON THE INDUSTRY.

2. About 13 to 16 guests out of every 100 are purposefully out to scam us and get something for free.

FALSE

3. If you solve a guest problem efficiently, quickly, and delightfully...that guest may be even more likely to use your product or service again than if he or she ever had a problem in the first place.

TRUE, ABOUT 95% OF THE GUESTS WHOSE PROBLEMS WERE SOLVED IMMEDIATELY AND DELIGHTFULLY GENERALLY RETURN OR HAVE A VERY POSITIVE OPINION ABOUT THE HOTEL.

4. Dr. Ricci gave two examples of excellence in guest service from which organizations?

C) Publix, JetBlue

5. It is only likely for a guest to receive outstanding service at luxury brands. That's why Ritz-Carlton, Mandarin Oriental, Four Seasons, and others are the best at what they do.

FALSE

7 0
3 years ago
Quick Computing currently sells 9 million computer chips each year at a price of $11 per chip. It is about to introduce a new ch
irga5000 [103]

Answer:

overall effect for the first year will be an increase of 94 millions in the cash flow.

Explanation:

The chip will provide:

27 million x $ (14 - 10) each = 104 millions of gross profit

But, decreases gross profit from older chip at rate of:

2 million x $ (11 - 6) each = 10 millions per year

The Chip will generate 104 gross profit but reduce other chip division profit by 10 million

<u>overall effect for the first year will be of 94 millions postive</u>

8 0
3 years ago
To raise capital, Candace Tyson and Martha Black plan to sell stock to between 108 and 200 investors. They also want to avoid do
makvit [3.9K]

Answer:

The correct answer is A) Regular corporation or C corporation

Explanation:

Because Candance and Martha want to sell shares, they have to form a corporation, be it a C Corporation or an S Corporation, however, they also want to avoid double taxation, therefore, they have to form a C Corporation.

A C Corporation or Regular Corporation is taxed on the income it makes, and nothing else, the profit after deducting taxes is not taxed again. A S Corporation, on the other hand, is taxed both on income and profit.

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3 years ago
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3 years ago
Kiersten and her four siblings are starting their own home design business. One of their primary goals is keeping the loving rel
Leto [7]

Answer:

Correct option is D.

Explanation:

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