The primary difference(s) between monopolistic competition and perfect competition is _____

Answers

Answer 1

Monopolistic competition and perfect competition are two distinct market structures. The primary difference between them lies in the degree of product differentiation and the presence of barriers to entry.

In monopolistic competition, there is product differentiation, meaning firms offer slightly different products to attract customers. On the other hand, perfect competition involves homogeneous products where all firms offer identical goods.

Monopolistic competition allows for some control over price and includes non-price competition strategies, while perfect competition implies that no individual firm has control over price due to the large number of identical firms.

Furthermore, monopolistic competition usually involves lower barriers to entry compared to perfect competition.

Monopolistic competition refers to a market structure in which there are many competing firms, each offering slightly differentiated products. The differentiation can occur through branding, product features, or marketing strategies.

This product differentiation allows firms to have some control over price. They can adjust their prices based on perceived differences in their products,

attempting to attract customers who prefer their specific offerings. Additionally, firms in monopolistic competition engage in non-price competition, such as advertising and product differentiation, to gain a competitive edge.

On the other hand, perfect competition involves a market structure with a large number of firms that produce identical or homogeneous products. In perfect competition, there is no product differentiation, and all firms offer the same goods or services.

As a result, individual firms have no control over the market price. The price is determined solely by market forces of supply and demand. Each firm in perfect competition is a price taker, meaning they must accept the prevailing market price and cannot influence it.

Another significant difference between the two market structures is the level of barriers to entry. In monopolistic competition, entry barriers are typically lower compared to perfect competition.

New firms can enter the market more easily in monopolistic competition due to product differentiation and the potential for establishing a niche market.

In perfect competition, however, entry barriers can be higher, making it more challenging for new firms to enter the market and compete with existing ones.

monopolistic competition and perfect competition differ primarily in terms of product differentiation, control over price, and barriers to entry.

Monopolistic competition involves differentiated products, some control over price, and lower barriers to entry, while perfect competition consists of homogeneous products, no control over price, and potentially higher barriers to entry.

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Related Questions

where to buy secco strawberry and raspberry rossini

Answers

Beethoven recognized and admired Rossini's talent. He admired him for his creative abilities, which allowed him to write so many operas in such a short period of time.

What is the difference between Rossini and Bellini?

The main distinction between a bellini and a Rossini is the other ingredients in the cocktail. Bellini replaces orange juice in the traditional mimosa with peach juice and prosecco. Rossini, on the other hand, is made with strawberries.

Rossini, whose great epics were written between 1813 and 1829, is best regarded as a Classical composer—in fact, at the age of 39, he stopped writing operas because he couldn't do the new Romantic thing that was so popular.

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it is estimated 28% of all adults in united states invest in stocks and that 86% of u.s. adults have investments in fixed income instruments (savings accounts, bonds, etc.). it is also estimated that 25% of u.s. adults have investments in both stocks and fixed income instruments. (a)what is the probability that a randomly chosen u.s. adult invests in stocks, given that he or she invests in fixed income instruments? round your answer to the nearest hundredth. (b)what is the probability that a randomly chosen stock investor also invests in fixed income instruments? round your answer to the nearest hundredth.

Answers

(a) The probability that a randomly chosen u.s. adult invests in stocks is 0.89 (b) The likelihood that a stock investor picked at random also invests in fixed income securities is 0.29.

The area of mathematics known as chance theory is concerned with numerical representations of the likelihood that an event will occur or that a statement is true. The probability of an event is a number between 0 and 1, where, roughly speaking, 0 indicates that the event is impossible and 1 indicates certainty. With increasing probability, an event has a higher chance of happening. A straightforward demonstration is tossing a fair (impartial) coin. The probability of both outcomes, "heads" and "tails," are equal because there are no other possible outcomes and the coin is fair. Therefore, there is a 50% chance that any scenario will occur.

These are conditional probability-related queries.

In symbols: P(A|B)=P(A&B)/P(B)

P(S)=0.28

P(F)=0.86

P(F&S)=0.25

P(F|S)=0.25/0.28=0.89

P(S|F)=0.25/0.86=0.29

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Which type of business ownership has limited liability?
Partnership
Sole proprietorship
Corporation
None of the above

Answers

Partnership hope it’s right

When governments allow one highly regulated business to control an
essential service, such as water treatment, they create:
A. a public oligopoly.
B. a natural monopoly.
C. restricted competition.
D. monopolistic competition.

Answers

The type of Monopoly that occurred when a regulated business is been given control on essential service is B: natural monopoly.

A natural monopoly can be regarded as a kind of monopoly that occurr, as a result of a single firm serving market at lower cost that is even lower than that of combination of two or more firms.

It do occur when government give that control to a firm on essential service such as water treatment.

Therefore, option B is correct.

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Answer:

B. a natural monopoly.

Explanation:

bar will be split between Zack and Kelly. Select one: Snickers Crunch Twix 3 Musketeers

Answers

The answer is: Any of Snickers, Crunch, Twix, or 3 Musketeers could be the candy bar that Zack and Kelly will split. If the bar is going to be split between Zack and Kelly, I would select Twix sharing between two people.

The candy bar that will be split between Zack and Kelly can be any of the four options provided in the question. The question does not provide enough information to determine which candy bar specifically will be split between them. Therefore, the answer is: Any of Snickers, Crunch, Twix, or 3 Musketeers could be the candy bar that Zack and Kelly will split.If the bar is going to be split between Zack and Kelly, I would select Twix. Twix is a popular chocolate bar with a crunchy cookie center and a layer of caramel, making it a delicious choice for sharing between two people.

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Organic change is a process where change is initiated in response to some known external threat or opportunity False True

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The given statement, "Organic change is a process where change is initiated in response to some known external threat or opportunity," is true.

Organic change refers to a process where change is initiated in response to an external threat or opportunity. Organic change is typically gradual and adaptive, allowing organizations to respond effectively to external factors.

By identifying and addressing potential threats or capitalizing on opportunities, organizations can maintain their competitive edge and continue to thrive in their industry. In summary, organic change is an important process that helps organizations adapt and grow in response to external challenges and opportunities.

Thus, the statement about organic change is correct.

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Excited to buy her dream car, Molly rushes into her local Volkswagen dealership. Molly picks out a
car, sits down at the financing desk, and hears the following:
"Well, we ran your credit history. You've got a really thin file -- just a year's worth of student
loan payments. The deal you saw was for 'well qualified buyers. The best deal we can offer
you is 6.6% for 60 months. A little more bad news -- the cash allowance is also based on
credit history, so you don't qualify for $500. That said, you're excited about a Volkswagen,
and I want to see you driving one, so I can do $400 for you!"
9. Molly still has a $2500 down payment. How much loan does Molly need?
10. How much will Molly's monthly payment be using the Bankrate calculator?
11. How much total interest will molly pay using this plan?
12. How many is the total cost of her car after all together?

Answers

9. The amount of loan that Molly needs with a $2,500 down payment is $22,100.

10. Molly's monthly payment is $433.

11. The total interest Molly will pay under this plan is $3,907.

12. The total cost of Molly's car is $28,507.

Loan Amount:

Required cash allowance = $500

Qualified cash allowance = $400

Down payment = $2,500 (typically 10% of value)

Total price of car = $25,000 ($2,500/10%)

Loan required = $22,100 ($25,000 - $2,500 - $400)

Interest and Periodic Payment:

N (# of periods) = 60 months

I/Y (Interest per year) = 6.6%

PV (Present Value) = $22,100

FV (Future Value) = $0

Results:

PMT = $433.45

Sum of all periodic payments = $26,007

Total Interest = $3,907

Total Cost of the car to Molly:

Down payment = $2,500

Total periodic payments = $26,007

Total cost = $28,507 ($26,007 + $2,500)

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Compare the three waves of developing technologies that made the world wide web a powerful business platform.

Answers

The Web of documents (Web 1.0), the Web of people (Web 2.0), and the Web of data are the three innovations that made up the World Wide Web, which is often divided into three periods (the still-to-be-realised Web 3.0)

What is meant by business platform?

An item that serves or makes possible other items or services is known as a platform.

There are numerous tiers of platforms (within the context of digital business). They can be either high-level platforms that enable a platform business model or low-level platforms that offer a set of business and/or technological capabilities that other goods or services use to deliver their own business capabilities.

There are business ecosystems connected to the platforms that support platform business models. The majority of the time, they use APIs to expose their capabilities to other ecosystem participants.

APIs are frequently used by internal platforms to expose their features. They might, however, provide other options, such direct data access.

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What are the similarities and differences in the purchasing
functions at a for profit versus a not for profit organization?

Answers

Explanation:

I hope this answer is helpful ):
What are the similarities and differences in the purchasingfunctions at a for profit versus a not for

should my husband and i get our retirement accounts at the same place to make things easier when one dies

Answers

Answer:

yes if you trust him

Explanation:

Which of the following is NOT an organization to protect consumers?
The American Red Cross
The U.S. Food and Drug Administration
Federal Trade Commission
Better Business Bureau

Answers

Better business bureau

Answer:

It might be D- whic

ANSWER ASAP Which of the following may help you protect against identity theft? A. Carrying your Social Security card at all times B. Clicking on pop-up windows to verify their information C. Contacting your credit card company if you don’t receive bills D. Including your name in your online passwords

Answers

Explanation:

I think A. Because it is the only safe way to protect yourself even in the credit card company people might steal your identity and they dont know. So I say A

Answer:

Its C) contacting your credit card company if you don't receive bills

Explanation:

EDGE 2021

A. Preparing a cash flow forecast helps a company to avoid __________.
• net losses
• liquidity
• opportunity costs
• higher financing costs
B. Why are ethical issues complicated for businesses that operate in the global economy?
• Because their employees won't know what the laws are in other countries.
• Because they tend to have more employees.
• Because different cultures have different norms and values.
• Because they don't have as much moral character as small, local businesses.
C. The pro forma balance sheet shows how the __________ resulting from a strategic plan will be financed.
• AFN
• equity
• inventory
• sales forecast

Answers

1) Preparing a cash flow forecast helps a company to avoid net losses. (Option A)

2) Note that ethical issues are complicated for businesses that operate in the global economy "Because different cultures have different norms and values." (Option C)

3) The pro forma balance sheet shows how the AFN resulting from a strategic plan will be financed. (Option A)

What is AFN?

In finance, AFN means Additional Funds Needed.

Additional funds required (AFN) is a financial term that is utilized when a company wants to expand its activities. Because a company that wants to raise its sales would need more assets to do so, some needs to be made to handle the rise in assets.

This may be determined using mathematical methods that employ inputs from a company's financial accounts.

AFN = projected rise in assets - spontaneous increase in liabilities - any increase in retained profits, is the simpler calculation.

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which of the following individuals is permitted to present a short introductory presentation of educational content at the beginning of an informal marketing/sales event?

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Based on Medicare and Medicaid services, the individual permitted to present a short introductory presentation of educational content at the beginning of an informal marketing/sales event is a Medicare Agent.

A medicare agent is responsible for conducting a short introduction of informal marketing or sales events.

This short introduction may include educational content about Medicare requirements, insurance, etc.

Hence, in this case, it is concluded that a medicare agent takes an active role in the marketing/sales event.

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Sites like Kickstarter, GoFundMe, and Causes are all examples of what type of altruism?
Group of answer choices

Crowdfunding

Private foundations

Service Learning

Community Service

Answers

Crowdfunding would be the correct answer

In cell H4, calculate the donation amount by multiplying the Streaming Revenues by the percentage in cell I1, using absolute references as needed

Answers

Answer:

=G4*$I$1

Explanation:

Answer:

=Table1[Streaming Revenues]-Table1[Donation]

Explanation:

a valuable method in training executives to deal with the media is

Answers

One valuable method in training executives to deal with the media is to provide them with media training programs that include simulated interviews. These programs should be designed to help executives learn how to communicate effectively with reporters and other members of the media,

as well as to handle difficult or challenging questions that may arise during an interview.In addition to simulated interviews, media training programs may also include other training methods such as role-playing exercises, workshops, and seminars. These programs may be conducted by experienced media professionals or by in-house trainers who have expertise in media relations and communication skills.

Media training programs can be beneficial for executives in many ways. They can help executives to develop more effective communication skills, learn how to communicate key messages effectively, and become more confident and prepared when dealing with the media. Additionally, media training programs can help executives to develop a better understanding of the media landscape, including the types of stories that are likely to attract media attention, the factors that influence media coverage, and the best ways to engage with reporters and other members of the media.

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which of the following statements about porter's competitive forces model is not true? select one: a. in a free economy, there are very low barriers to entry in all industries. b. porter's competitive forces model is the most widely used model for understanding competitive advantage. c. porter's model focuses on a firm's general business environment. d. the power of customers grows if they can easily switch to a competitor's products and services. e. the more substitute products and services in an industry, the less a firm can control pricing and the lower the firm's profit margins.

Answers

The statement that is not true about Porter's competitive forces model is: a. in a free economy, there are very low barriers to entry in all industries.

Porter's competitive forces model is widely used to analyze a firm's industry environment and determine the competitive intensity within it. The model identifies five competitive forces that impact an industry's profitability: the threat of new entrants, bargaining power of suppliers, bargaining power of buyers, threat of substitute products or services, and competitive rivalry among existing firms.

Porter's model recognizes that barriers to entry can exist in any industry, making it more difficult for new competitors to enter the market. Barriers to entry can include factors such as high capital requirements, government regulations, economies of scale, and brand loyalty.

The model also emphasizes the importance of understanding customer preferences and the potential for substitute products or services to impact a firm's profitability. In addition, it recognizes that a firm's suppliers and buyers can exert bargaining power, affecting the prices of goods and services. Finally, the model highlights the intensity of competition among existing firms as a critical factor in determining profitability within an industry.

Overall, the Porter's competitive forces model provides a useful framework for understanding a firm's industry environment and developing strategies to improve its competitive position.

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How to treat someone very mean on their special day??

When I mean special day I mean

Mothers day
Birthday
Meeting

whoever answers the questions correctly and best I will mark them Brainly and will give them more points

Answers

Answer:

birthday

Explanation:

- give them a happy birthday card but glue the card shut

- give them a wrapped present but inside the box put nothing but glitter in it

How cash inflow and outflow affects the components of a financial plan

Answers

Budgeting depends on cash inflow and​ outflow, and how much you have left affects investment​ decisions, retirement​ decisions, and financing decisions. ... All financial goals must be reasonable and achievable.

Countries the government controls the mos
activities:
• health
education
defence
• public transport
water supply
. electricity supply.
Activity 2.4
For each of the examples of key industries or activities listed above, suggest three possible
reasons why the government of a country might decide to own and control that industry or
service.​

Answers

Answer:

health education defense

It is the idea being transmitted by the sender to the receiver. It includes three aspects — content , structure and style

Answers

Answer:

decodes and feedback.

Explanation:

It is a message since it is written or recorded words or information sharing or ideas conveyed by the sender to the receiver.  It includes information and communication, how important and useful information is, and can be read in order to understand it.  The structure of a message is tone.

The Style includes how the sender composes and writes a message.

Message is the idea being transmitted.

A Message is a form of communication sent to a recipient who is not present physically and its can be in verbal, written or recorded form.

Message is one of the essential elements of communication process. The other process includes Sender, Encoding, Interference, Communication channel, Receiver, Decoding and Feedback

Roughly, there are 3 purposes for passing message

To inform people of certain subject.To persuade others to do one biddingTo builds one's goodwill.

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what line item flows from the balance sheet to the statement of cash flows

Answers

The line item that flows from the balance sheet to the statement of cash flows is the "Change in Cash and Cash Equivalents" line item.

This line item reflects the change in the company's cash and cash equivalents from one period to another and is calculated by subtracting the cash and cash equivalents at the beginning of the period from the cash and cash equivalents at the end of the period.

This line item is important because it provides insight into the company's liquidity and ability to meet its short-term obligations. It is also an important component of the statement of cash flows, which provides information about the company's cash inflows and outflows during the period.

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Which of these exemplifies product placement?


A.

An advertisement for an electronics company


B.

A movie with a character who uses an iPad


C.

A TV show in which characters use cell phones


D.

An advertisement featuring a popular celebrity

Answers

Answer:

B, a movie with a character who uses an iPad.

Explanation:

Product placement is an indirect type of advertisement in which a product isn't directly advertised. It is increasingly becoming a form of advertisement these days because of the ease with which it is done.

Product placement can also be said to be embedded marketing. That is, the showing or referencing of a product in an unconnected way to another work or thing, e.g. tv, film, etc.

As in the qustion, a movie character using an iPad is doing embedded marketing for the iPad thus attracting the audience to purchase the product.

Cheers.

Answer:

B, a movie with a character who uses an iPad.

Explanation:

the maybe pay life insurance co. is trying to sell you an investment policy that will pay you and your heirs $40,000 per year forever. suppose a sales associate told you the policy costs $485,000. at what interest rate would this be a fair deal?

Answers

The maybe pay life insurance co. is trying to sell you an investment policy that will pay you and your heirs $40,000 per year forever. At 8.25%  interest rate would this be a fair deal.

Interest rate (In case of Perpetuity)

Interest rate = [Annual payment / Total policy costs] x 100

= [$40,000 / $485,000] x 100

= 8.25% (Rounded to 2 decimal)

“Hence, the Interest rate will be 8.25%

life insurance is a agreement among an coverage coverage holder and an insurer or assurer, where the insurer promises to pay a chosen beneficiary a amount of money upon the demise of an insured man or woman. depending at the agreement, other occasions including terminal illness or essential infection also can trigger price.

Existence insurance is a contract among you and an coverage organisation . essentially, in trade in your top class payments, the insurance corporation can pay a lump sum referred to as a demise advantage to your beneficiaries after your death. Your beneficiaries can use the cash for some thing purpose they choose.

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Andrea has a health insurance deductible pf $5,000. Her medical bills for the year total $49,000. How much will she be required to pay out of pocket on her annual medical bills?

A. $5,000

B. $33,000

C. $0

D. $38,000​

Answers

b is right answer I think

$5,000 is the amount she will pay out of pocket on her annual medical bills.

Basically, the term of Deductible is used in Insurance. The amount of deducible refrain the Insurer from liability until a certain level of liability is reached.

In health Insurance, having a deductible of $5,000 on one's policy means the health plan benefits will start after one pays $5,000 out of his pocket.

Information given

Deductible = $5,000

Total claim = $49,000

Therefore, the Option C is correct because $5,000 is the amount she will pay out of pocket on her annual medical bills.

Which of the following are used to calculate the standard quantity per unit of direct materials?

a. direct materials requirements per unit of finished product.
b. allowance for rejects
c. allowance for waste and spoilage

Answers

To calculate the standard quantity per unit of direct materials all the give options are used.

Direct materials requirements per unit of finished product, allowance for rejects and allowance for waste and spoilage Direct materials are the resources and materials used in the production of a product that can be immediately linked to that product.

Typically, a product's bill of materials contains a list of the materials that have been recognised as direct materials. The unit quantities and average costs of each material used in a product are listed in the bill of materials, which may also include an allocation for overhead.

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Which type of product advertisement can be used to sell a company’s product when two or more other companies are selling the same product?

Answers

Answer:competitive advertising

Explanation:

I’m not for sure but I think that might be the answer

Answer: competitive advertising

Explanation:

if on online course it is what was right

Motor Works, Inc. has declared a $20,000 cash dividend to shareholders. The company has 5,000 shares of $15-par, 10% preferred stock and 10,000 shares of $20-par common stock. The preferred stock is non-cumulative. How much will the preferred and common stockholders receive on the date of payment?

Answers

Answer: $7,500 preferred stock, $12,500 common stock

Explanation:

Given that:

Total cash Dividend = $20,000

Preferred stock:

5,000 shares of $15-par, 10%

Therefore ;

preferred stock balance = number of share × price × rate

5000 × $15 × 0.1 = $7,500

Balance of common stock is therefore ;

Total cash Dividend - balance of preferred stock

$20,000 - $7,500 = $12,500

The inflation rate between last year and this year was 14 percent. the cpi was 118 this year. what was the cpi last year? a. 104.5 b. 104.0 c. 103.0 d. 105.0 e. 103.5

Answers

The CPI last year was approximately 103.5. Option E is correct

To determine the CPI (Consumer Price Index) of last year, we can use the inflation rate formula:

CPI this year = CPI last year × (1 + inflation rate)

Let's solve for the CPI last year using the given information:

CPI this year = 118

Inflation rate = 14% = 0.14

118 = CPI last year × (1 + 0.14)

Dividing both sides of the equation by (1 + 0.14), we get:

118 / (1 + 0.14) = CPI last year

Calculating this, we find:

CPI last year ≈ 103.5

Therefore, the CPI last year was approximately 103.5.

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Your grandmother is 87 years old and she has remarked to you that nearly all of her friends are women. She told you that it is rare to see a man older than age 85. She is correct because, after age 85, for every 100 men, there are __________.200 women Circuit pruning occurs only before puberty.O TrueO False Please give me the correct answer.Click the choice that best explains the effect of the allusions.A:They compare and contrast Edbird with the spooky raven. B:They pay tribute to Poe's importance as a writer and poet. C:They make Edbird seem dark and spooky like the raven in Poe's poem. D,:They associate Edbird with the Greek god of wisdom. Help help help help help What is the latitude of an observer who measures an altitude of the Sun above the southern horizon of 55.0 at noon on the winter solstice? latitude = 1 (select) Darnell spent 10 hours doing homework. Marie did homework for 4/5 as manyhours as Darnell did. How many hours did Marie spenddoing homework? I reproached the wall; I replied to the yells of him who clamoured . What due the wyd clamoured likely mean in the sentence? y=-1/2x+5/2 Find the slope to avoid subsidies, the government should cap the price for a natural monopoly at its: multiple choice fixed cost. marginal cost. average variable cost. average total cost. Does one frequency distribution provide a better summary of the data than the other? explain. Determine the mass of 2.86 mole Co(NH3)6Cl3 (4x+2x2+5)-(6x+x+10) which of the following statements is true? group of answer choices corporations are required by law to report all activities to their stockholders each month. the common stockholders elect the board of directors and must approve major changes to corporate policies. stockholders must approve the sale of all goods and services by the company. corporations are required by law to have two stockholder meetings each year. stockholders may vote only by proxy. T or F spray ponds on rooftops have made a comeback in the last few years because they cool the roof and reduce the solar load. fortunately, the loss to an organization from an employee leaving employment is captured in the costs to hire a replacement employee. true or false Architecture of the time period associated with the Ancient Near East often made use of controlled space to express __________. A.) Social stratificationB.) The importance of deitiesC.) Acceptance of all peopleD.) Devotion to the godsE.) The ruler's power The following information is given for 2019: results of discontinued operations (total), net of ta: $20,000 Calculate the company's Income from continuing who would benefit the least from setting up efs to a person has $3000 to deposit in a financial institution. assuming all options were offered by the same institution, which account is likely to have the lowest interest rate or pay no interest at all?automatically pay recurring bills? People with bulimia are typically marketing for the drug viagra is an example of which kind of age branding, according to moody and sood?