Business, 19.07.2019 18:30 PoPFli21

In a major metropolitan area, one chain of coffee shops has gained a large market share because customers feel its coffee tastes better than that of its competitors. two taxi companies serve most of the market in a big city. consumers don't care which taxi company they takeâif they decide it's worth taking a taxi, they flag down the nearest one. the government has granted the u. s. postal service the exclusive right to deliver mail. there are hundreds of high school students in need of algebra tutoring services in philadelphia. dozens of companies offer tutoring services, and the parents who seek out tutors view the quality of the tutoring at the different companies to be largely the same.

Answers: 1

Show answers

Answers

The correct options are as follows:
1. In a major metropolitan area, one chain of coffee shops has gained a large market share because customers feel its coffee tastes better than that of its competitors.
The scenario given above does not describe a competitive market. This is because, the product that is concerned is not a standardized product. For a market to be competitive, the product been sold must be identical and homogeneous.

2. Two taxi companies serve most of the market in a big city. consumers don't care which taxi company they take, if they decide it's worth taking a taxi, they flag down the nearest one.
The scenario above does not describe a competitive market. This is because, the market is not made up of many sellers. For a market to be competitive, there must be many sellers.

3. The government has granted the U.S. postal service the exclusive right to deliver mail.
The scenario above does not describe a competitive market. This is because, the entry to the market had been restricted by the US government. For a market to be considered competitive, there must be free entry into the market, no barrier must be in place to prevent those who want to enter the market.

4. There are hundreds of high school students in need of algebra tutoring services in Philadelphia. dozens of companies offer tutoring services, and the parents who seek out tutors view the quality of the tutoring at the different companies to be largely the same.
The scenario above describe a competitive market. This is because, it meets all the criteria for a competitive market. There are many producers, many consumers and a homogeneous product.

Answer from: Quest

One disadvantage is that you get shamed in stocks for falling asleep in church in new england

Answer from: Quest

they can see what that city is producing and to also see if they can some how get that product. like gold in africa.

Another question on Business

Business, 21.06.2019 17:10

Suppose you have just been hired as the chief diversity officer of a large company. previous mentoring programs at this company have not been successful. after inquiring about previous efforts, you discover that most mentor pairs met just a few times, but very few lasting or meaningful mentoring relationships were created. there were also a significant number of employees that did not even attempt to seek out a mentor relationship. which of the following may be a reason why prior mentoring programs at your company failed? check all that apply.a) minorities and women are much less likely to develop mentoring relationships than white malesb) mentoring is not an effective way for organizations to develop female and minority employeesc) due to specific laws governing appropriate workplace behavior, senior-level male executives were reluctant to cultivate mentoring relationships with female employees, fearing negative repercussionsd) fear of creating a future competitor within the company, senior-level female executives were hesitant to mentor other female employees

Answers: 3

Answer

Business, 21.06.2019 20:30

Monetary policy in the united states is carried out primarily by which of the following agencies? a. the department of the treasury b. the small business association c. the federal reserve bank d. the u.s. mint 2b2t

Answers: 1

Answer

Business, 22.06.2019 00:20

Overspeculation and a decrease in consumer confidence are both leading factors of: ?

Answers: 1

Answer

Business, 22.06.2019 22:00

Brody corp. uses a process costing system in which direct materials are added at the beginning of the process and conversion costs are incurred uniformly throughout the process. beginning inventory for january consisted of 1,050 units that were 65% completed. 10,900 units were started into the process during january. on january 31, the inventory consisted of 500 units that were 50% completed. what would be the equivalent units for direct materials cost using the weighted average method?

Answers: 2

Answer

You know the right answer?

In a major metropolitan area, one chain of coffee shops has gained a large market share because cust...

Questions

Business, 17.09.2021 19:00

As a trainer for Exempla Healthcare, Tina is faced with many challenges to properly training her new hires. There are over 40 different locations wher...