Business, 01.04.2020 19:31 gbprulesmile

The key characteristics of a monopolistically competitive industry are: [a] a large number of firms that sell differentiated products that are close substitutes. [b] firms can easily enter or exit a monopolistically competitive industry. [c] because monopolistically competitive firms can increase their profits if they can successfully distinguish their products from those of their rivals, they have an incentive to engage in sales promotions and advertising. for each of the examples below, indicate which of the above characteristics (a, b or

c. is being illustrated. there are a number of fast-food restaurants in town, and they compete fiercely. some restaurants cook their hamburgers over open flames. others fry their hamburgers. in addition, some serve broiled fish sandwiches, while others serve fried fish sandwiches. a few serve ice cream cones for dessert, while others offer frozen ice cream pies

Answers: 2

Show answers

Another question on Business

Business, 22.06.2019 13:40

The cook corporation has two divisions--east and west. the divisions have the following revenues and expenses: east west sales $ 603,000 $ 506,000 variable costs 231,000 300,000 traceable fixed costs 151,500 192,000 allocated common corporate costs 128,600 156,000 net operating income (loss) $ 91,900 $ (142,000 ) the management of cook is considering the elimination of the west division. if the west division were eliminated, its traceable fixed costs could be avoided. total common corporate costs would be unaffected by this decision. given these data, the elimination of the west division would result in an overall company net operating income (loss)

Answers: 1

Answer

Business, 22.06.2019 20:00

Lillypad toys is a manufacturer of educational toys for children. six months ago, the company's research and development division came up with an idea for a unique touchscreen device that can be used to introduce children to a number of foreign languages. three months ago, the company produced a working prototype, and last month the company successfully launched its new device on the commercial market. what should lillypad's managers prepare for next? a. increased competition from imitators b. a prolonged period of uncontested success c. a sharp decline in demand for the product d. a difficult struggle to move from invention to innovation

Answers: 2

Answer

Business, 23.06.2019 07:00

Select all of the tools you could use to track your expenses. -budget software -spreadsheet -mint© -automatic bill payment -mvelopes®

Answers: 2

Answer

Business, 23.06.2019 07:30

The uk economic climate is important for pod point. it is considering two options to reduce the impact of falling uk consumer incomes on sales: 1. focus on selling to foreign countries. or 2. cut costs of production. justify which one of these two options pod point should choose

Answers: 1

Answer

You know the right answer?

The key characteristics of a monopolistically competitive industry are: [a] a large number of firms...

Questions