Question

Explanations on the reason why the chosen company is in the monopolistic market based on its...

Explanations on the reason why the chosen company is in the monopolistic market based on its characteristics.

Business   Economics   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1

Certain features can be identified to know market status of company:

  • In monopolistically competitive market, there are close substitutes of products. These products are not identical but can be used as substitutes for each others.
  • Selling cost is very high, firms tend to increase demand for their products through the expenditure on advertisements.
  • Entry and exit of new firms in market are easy.
  • Consumers do not have perfect knowledge about the market.
  • These firms have excess capacity available, thus these firms do not operate at full potential level or capacity level.
0 0
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
There are four market structures - perfect competition, monopolistic competition, oligopoly, and monopoly. Visit a retailer...
There are four market structures - perfect competition, monopolistic competition, oligopoly, and monopoly. Visit a retailer that you feel has the characteristics that are most close to the monopolistic competitive market structure. Provide the name and location of the retailer (You can use online retailers. If you do, provide the website). Describe its characteristics and how they differ from a perfect competition market structure. Visit a retailer or business that you feel has the characteristics that are most close to...
Select an industry or firm. State its market structure (pure competition, monopoly, monopolistic, or oligopoly). Next,...
Select an industry or firm. State its market structure (pure competition, monopoly, monopolistic, or oligopoly). Next, please define the characteristics of the industry or firm that support your selection of market structure. Lastly, describe and illustrate graphically the firm's profit maximizing behavior in particular MR=MC under the above-mentioned market structures or conditions. In this written assignment, the quality of your writing and the application of APA format will be evaluated in addition to your content. Evaluation based on these criteria...
Explain, with diagrams, why a monopolistic non-renewable energy resource market is biased toward conservation and will...
Explain, with diagrams, why a monopolistic non-renewable energy resource market is biased toward conservation and will therefore increase the life of the energy resource.
Explain, with diagrams, why a monopolistic non-renewable energy resource market is biased toward conservation and will...
Explain, with diagrams, why a monopolistic non-renewable energy resource market is biased toward conservation and will therefore increase the life of the energy resource.
Explain with a diagram why monopolistic non-renewable energy resource market is biased towards conservation and will...
Explain with a diagram why monopolistic non-renewable energy resource market is biased towards conservation and will therefore increase the life of the energy resource
Give an example of a monopolistic market/firm or a dominant firm (market). Clarify which type (monopoly...
Give an example of a monopolistic market/firm or a dominant firm (market). Clarify which type (monopoly or dominant firm) your example fits and why. Identify and briefly discuss the barriers to entry for the market in your example. Be specific.
“If you are a stockholder, you prefer managers take on risky projects.” Provide the reason based...
“If you are a stockholder, you prefer managers take on risky projects.” Provide the reason based on real options. A corporation doubled its debt holding recently. Please provide a real option-based reason why increased debt may affect the stockholders negatively.
Briefly explain the reason for why in a competitive market we expect economic profits to be...
Briefly explain the reason for why in a competitive market we expect economic profits to be zero in the long run. Why do firms operate even though they earn zero economic profit?
Evaluate Product Differential Strategy in a Monopolistic Competition Market When the first Pizza Hut opened its...
Evaluate Product Differential Strategy in a Monopolistic Competition Market When the first Pizza Hut opened its doors back in 1958, it offered consumers one style of pizza: its Original Thin Crust Pizz. Since its modest beginnings, Pizza hut has established itself as the leader of the $25 billion pizza industry. Today, Pizza Hut offers six styles of pizza, including Pan Pizza, Stuffed Crust Pizza, and its Hand-Tossed Style. Explain why Pizza Hut has expanded its offerings of pizza over the...
True of False, Explain When the government introduce a sale tax in a monopolistic market, the...
True of False, Explain When the government introduce a sale tax in a monopolistic market, the monopolist may use its market power to shift all the taxation burden on consumer.
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT