Perfect competition is a market with many firms selling identical products, monopolistic competition involves firms selling similar but differentiated products, oligopoly is when a few firms dominate the market, and monopoly is when there is only one firm with a unique product and barriers to entry.
Explanation:The market structure characterized by many firms selling an identical product, with many buyers and no entry restrictions, is called perfect competition. A market with many firms selling similar but slightly different products and competing against each other is known as monopolistic competition. A structure where only a few firms exist and dominate the market, often selling identical or similar products, is termed an oligopoly. Finally, when a single firm produces a unique good or service with no close substitutes and is protected by barriers that prevent new firms from entering, the structure is known as a monopoly. In an oligopoly, firms may face the temptation to collaborate similarly to a monopoly or compete against each other, affecting market outcomes for prices and quantities. In monopolistic competition, firms seek to differentiate their products to stand out, which can lead to non-price competition, such as advertising, but also can result in inefficiencies as firms do not produce at the lowest point on their average cost curves.
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[03.01] Margaret Rousseau developed techniques to mass-produce
cookies.
penicillin.
ammunitions.
beauty products.
Question 40 (Multiple Choice Worth 2 points)
[03.01] An entrepreneur is best defined as a person who
starts a business.
is a role model for young Americans.
manages the finances of a large corporation.
takes financial risk to try new business ideas.
What are the ten main parts of a marketing plan?
A shoe factory has an elasticity of supply of .5 as the price of shoes rises from $50 to $75. if the factory produced 100,000 shoes at a market price of $50, how many will be produced at the new price? 75,000 200,000 125,000 400,000
Answer:
125000
Explanation:
A perfectly competitive market helps ensure that the products produced are the goods that consumers want. this demonstrates the concept of:
What is the name of the technique used to open the airway of an unresponsive, non-breathing guest?
The correct answer is CPR and ventilations and Rescue breathing. CPR or also known as Cardiopulmonary resuscitation is a technique used for emergencies in which is a way of providing basic life support after the individual has stopped breathing and after the individual’s heart has stopped beating. Rescue breathe on the other hand is a way of providing airway to the individual who has stopped breathing to provide oxygen which is also considered as a basic life support.
"cheap talk" is considered cheap because
a. a firm can say anything, but may actually do something different.
b. firms avoid the costs of hiring lawyers.
c. communications via phone or email these days has a cost that is close to zero.
d. the cost of talking is far outweighed by the gains to be made in coordinating efforts.
How many people are active users of Facebook? Over 9 million Over 90 million Over 900 million Over 9 billion
Network segment where only one device can communicate at a time is known as a
Communication media is being defined as having to deliver or receive data in which only one device can carry out the specific task. An example of communication media are the following; television, web sites, video conferencing, telephone and instant messaging.
In network communication, a system where only one device can talk at a time is commonly referred to as a 'half-duplex' system. Data can flow in both directions, but not simultaneously, much like how walkie-talkies work.
Explanation:In the field of Computers and Technology, specifically telecommunications and networking, a network segment where only one device can communicate at a time is also known as a 'half-duplex' system. Under this type of communication, data can flow in both directions between devices, but not simultaneously. For instance, if you've ever used walkie-talkies, it's a prime example of a half-duplex system. One person speaks (or transmits data) while the other listens (or receives data). They must take turns, and cannot speak or transmit data simultaneously, just like how devices communicate in a half-duplex system.
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Calculate the change in RGDP if the MPC is .6 and initial spending is $500,000
$2,225,000.25
$1,250,000.00
$5,525,250.00
To calculate the change in RGDP, use the formula: Change in RGDP = Initial Spending / (1 - MPC). Plug in the values and calculate.
Explanation:To calculate the change in Real Gross Domestic Product (RGDP), we need to use the formula: Change in RGDP = Initial Spending / (1 - MPC)
Given that the MPC (Marginal Propensity to Consume) is 0.6 and the initial spending is $500,000, we can plug these values into the formula:
Change in RGDP = $500,000 / (1 - 0.6) = $500,000 / 0.4 = $1,250,000
Therefore, the change in RGDP is $1,250,000.00.
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________ refers to the assignment of value, or the amount the consumer must exchange to receive the offering or product.
A unilateral contract is formed at the moment when the contract is performed.
Canopy services paid k. canopy, the sole shareholder of canopy services, $5,100 in dividends during the current year. the entry to close the dividends account at the end of the year is:
Retired public school teacher, age 65, has deposited a total of $10,000 into a nonqualified variable annuity, and her account's current value is $16,000. if she wishes to take a lump-sum withdrawal of the full amount, how much of this withdrawal is taxed at the ordinary income tax r
Why is investing important in an economy?
A. prevents people from spending money on things they can’t afford
B. provides money for machinery, tools, and equipment for growth
C. offers interest rates that don’t change
D. carries no risk of loss
E. ties to the discount rate
Investing is important in an economy because it B. provides money for machinery, tools, and equipment for growth. When you invest in an economy, there is room for the economy to grow because they have the funds to buy items they need to expand. It's important to continuously invest in an economy just like it's important to reinvest in yourself and your business to keep growth up.
Competition forces firms to produce and sell products as long as the
Harley works in the sales department at his company. he feels that the company's marketing team is not doing a good job, so without direction or permission, he starts his own social networking page to help. his page has a name similar to the company's. he posts company logos on it and uses text copied from the company web site. he posts news and sends tweets to customers and others interested in the company. when the company learns of this, what action is it most likely to take
When this diagram is used to plan an essay, the blue box represents the introduction. body of the essay. supporting ideas. conclusion.
The introduction is represented by the blue box. As a result, choice (A) is the right response.
What is an introduction?An introduction usually referred to as a prolegomenon, is the first section of an essay, article, or book where the aim and objectives of the remaining work are stated. Typically, the body and conclusion come afterward.
The introduction often provides a brief explanation or summary of the document along with a description of its purpose. It might also provide clarification on some crucial aspects of the document. As a result, the readers might form an opinion on the text before beginning to read it.
Another alternative is to start with a rough draft of the introduction and return to finish it once the body of the essay has been written. Some authors prefer to write their introductions first, while others prefer to leave them for a later point in the writing process.
Hence, option (A) is correct.
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Stellar mobiles was a popular mobile phone brand. however, when its competitors began switching to smartphones, stellar realized that it too needed to change in order to survive in the market, and it quickly started developing smartphones. in other words, stellar mobiles entered the _____ stage of the technology cycle.
a. change substitution
b. discontinuous change
c. decline
d. technological entropy
e. the technological maturity stage
b. discontinuous change.
It is the stage of a technology cycle that characterized by the following:
1. Technological substitution. It occurs when customers purchase new technologies to replace older technologies.
2. Design competition. Occurs when an old technology and several different new technologies fight to establish a new technological standard or dominant design.
How does investing in successful business ideas earn you money?
Robin baker, a top manager at westinghouse, has recently been put in charge of a new multi-million dollar project. she selects several individuals to participate in this effort and assigns each certain tasks to perform. furthermore, she has set up a group hierarchy and indicated that all decisions must be routed through this chain of command. robin is exhibiting which leadership style?
Robin is exhibiting the leadership style called autocratic. This leadership style is being defined as having a leader of which controls over the group’s decision and that the leader is likely to place a little effort or input from the group members that the individual is associated with.
Answer:
Robin Baker leadership style is Autocratic.
Explanation:
Autocratic leadership is the type of leadership in which the leader delegates tasks to the hierarchy of subordinates it has established however request s them to consult the leader each time a decision needs to be made. also, this type of leadership leaves no space for constructive critics or contributions to improve performance. It is a very inefficient type of leadership and might result in a group o subordinate filled with doubts about their performance and high levels of stress.
Describe markings on a road that indicate that it is safe to pass. (What type and color of marking)
Extras you receive for employment, which could include retirement plans, health insurance, and vacation time, are called ______. a. Flextime b. Income c. Benefits d. Outlook
Answer:
c. Benefits
Explanation:
Benefits are all income a worker receives in addition to the contractual salary. For example, benefits are considered life insurance, food stamps, private pension plans, health insurance, profit sharing, day off, among others. Virtually all companies provide benefits, some are more generous than others, but all benefits help the worker to have a better quality of life.
True or false: if society wishes to reduce overall pollution by a certain amount, it is efficient to have firms with lower costs reduce greater amounts of pollution than those with higher costs.
Daniel has started a small shoe manufacturing company. he has a tight budget, and does not want the best equipment at the moment, so he is using equipment that is good enough to work with. in this scenario, daniel is _____.
Which best describes how standards help domestic producers? Standards require goods to meet basic requirements. Standards provide financial support for producers. Standards restrict the import of cheap goods. Standards offer incentives to ensure high quality.
Standard is a custom established by an authority or government.
The following statement best describes how standards help domestic producers: Standards require goods to meet basic requirements. The standard for the domestic production are enforced by the World Trade Organization Advisory Board, which is made up of a panel of international law and trade experts.
The best description of how standards help domestic producers is Standards require goods to meet basic requirements. Option A. This is further explained below.
What are Standards?Generally, A standard is a repeatable, standardized, agreed-upon, and recorded method of accomplishing anything.
In conclusion, Standards help control and mitigate low quality in the matrket.
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A company's overall ability to execute is a function of effectively executing according to three processes, but bossidy and charan believe that the _____ process is the most important.
Answer:
people processes
Explanation:
according to them people process links the remaining two processes: the strategy and operations processes. they also declared that without the right people and people process, the other two processes will not be able to function effectively.
In _____, clients pay contractors to design and construct new facilities and train personnel.
Final answer:
In business, clients pay contractors to design and construct new facilities and train personnel through privatization.
Explanation:
In the realm of business, clients enlist contractors to spearhead the design and construction of novel facilities, coupled with the crucial task of training personnel, all under the umbrella of privatization. This strategic collaboration involves the outsourcing of infrastructure development to specialized contractors, enabling clients to leverage external expertise and efficiency.
By entrusting the design, construction, and personnel training to skilled contractors, businesses aim to streamline processes, optimize costs, and enhance overall operational effectiveness. This approach allows clients to focus on core competencies while fostering a symbiotic relationship with contractors for comprehensive, end-to-end solutions in the dynamic landscape of privatized projects.
Ashley, Nikki and Jared all selected identical new cars at the same price. Ashley, bought the car with some of her own money and the rest a car loan. Nikki bought the car with cash. Jared leased the car. What is true about their options for car insurance?
Ashley, Nikki and Jared bought same cars at the same price. But they all bought them with different mode of payments.
Nikki bought the car on cash.
Ashley bought the car with some of the cash plus the loan.
Jared leased the car.
So Nikki, who bought the car on cash may have the best options to get the insurance done. Second one would be the Ashley to have good options to opt for the insurance. Lastly, Jared would have the least options of his choice to get his car insured as he has leased the car.
What metric can be assigned to cluster members to control the balance of traffic between cluster members?
The clustering coefficient and Euclidean distance are key metrics used to control and balance traffic between cluster members in network cluster analysis. These measures help to optimize network performance by avoiding bottlenecks.
In the context of network clustering, one important metric used to control the balance of traffic between cluster members is the clustering coefficient. This metric reflects how densely connected nodes are within a localized area of a network, highlighting the degree to which nodes tend to cluster together. Such a metric is crucial in understanding and managing the distribution of network load among different nodes or servers within a cluster.
For distance-based cluster analyses, common metrics such as Euclidean distance are utilized, as they quantify dissimilarities between pairs of units based on properties like geographical location or similarity in data. In network diffusion analysis, distances might also be measured based on the weighted number of paths between nodes, reflecting more contextual nuances of node interaction and network topology.Moreover, the maximum distance between nodes within different clusters can be factored into calculations to determine the overall balance of traffic. Ensuring a balanced traffic load among cluster members is essential for optimizing network performance and avoiding bottlenecks.
______ consist of standards and tools that streamline and simplify communication among web sites and that promise to revolutionize the way we develop and use the web for business and personal purposes.