Mia and Jack are two chocolate producers. Mia packs her chocolates in attractive boxes and charges slightly more than Jack does. Despite her slightly higher prices, consumers are more attracted to Mia’s chocolates. What market structure does this situation represent? A. oligopoly B. monopolistic competition C. monopoly D. perfect competition

Answers

Answer 1

The correct answer is B. Monopolistic competition

Explanation:

Monopolistic competition occurs when the producers of a product determine the price of it. Also, the products sold have differences, which means consumers do not consider one product can be substituted by another because the qualities, brand, appearance, etc. are different. This is the opposite of perfect competition, in which products are substitutes and price is determined by price and demand rather than producers.

Monopolistic competition occurs in the case presented because the chocolates sold by Jack are different from those sold by Mia, who uses attractive boxes. Also, due to this difference, Mia can set higher prices and still get more demand from consumers.

Answer 2

The correct answer is B. Monopolistic competition

Explanation:

Monopolistic competition occurs when the producers of a product determine the price of it. Also, the products sold have differences, which means consumers do not consider one product can be substituted by another because the qualities, brand, appearance, etc. are different. This is the opposite of perfect competition, in which products are substitutes and price is determined by price and demand rather than producers.

Monopolistic competition occurs in the case presented because the chocolates sold by Jack are different from those sold by Mia, who uses attractive boxes. Also, due to this difference, Mia can set higher prices and still get more demand from consumers.


Related Questions

PLEASE ANSWER ILL MARK THE FIRST ANSWER THE BRAINLIEST . Tyyy have a great day

Answers

Answer:

A. With the date in 3 days

Explanation:

It says chicken that was cooked 3 days ago, key word, 3. So it would be answer A.

Mark me BRAINLIEST? Thanks!

So the answer would be A .

Rachel is on her way to an interview for the position of a project manager. She is trying to prepare for this interview by analyzing her own skills. Which of Rachel’s skills is relevant to the position of a project manager?

Answers

Answer:

Leadership.

Negotiation.

Scheduling.

Cost Control.

Risk Management.

Contract Management.

Critical Thinking.

Communication.

Question 16 of 25
2 Points
Which of the following best describes the effect of a tariff on the import of
cars from a foreign country?

A. The domestic economy goes into recession

B. Foreign cars become more expensive.

C. The government runs a budget deficit.

D. Demand for foreign cars is increased.

The answer is B. Foreign cars become more expensive.​

Answers

Answer: B. Foreign cars become more expensive.

Explanation: The tariff slapped on imported goods such as cars and other foreign commodities will raise the overall cost of the product on the side of the seller and definitely the final selling price of such product to the consumers. This is used to raise revenue for the government and also to encourage the manufacture, adoption and support for locally manufactured products. Locally manufactured substitute will tend to be cheaper and the additional tariff may put importers and consumers off, and hence settle for cheaper locally made alternative.

Can u own your own business without your business lincence

Answers

Answer:

Yes

Explanation:

If a kid sells things daily to people to make profit then that kid would have a "business"

It depends what country you live in and what business you plan on opening.

Thanks for the points:)

What recent technological breakthrough can be compared in importance to
the invention of paper nearly 2,000 years ago?
A. Supersonic airplanes
B. Communication via telegraph
C. Electronic communication
D. Radio broadcasting

Answers

Answer:

Electronic Communication

Explanation:

C

HELP ME :( Which of the following is not a requirement for substantial performance? Select one: a. Performance must be 99.9% of what was promised and no less. b. The party must have performed in good faith. c. Performance must not vary greatly from what was promised. d. Performance must create substantially the same benefit as was promised.

Answers

Answer:

a. Performance must be 99.9% of what was promised and no less.

Explanation:

If performance was 99.9% of what was promised, then it was basically fully performed. It is like saying I will finish this in 1 hour, but it took me 1 hour and 1 second to finish.

Substantial performance allows a party to receive payment even if they didn't fully complete the specific terms of a contract. In some states, a % is used to measure substantial performance and it ranges from 2-3% of costs remaining to fully complete a contract.

The substantial performance doctrine basically allows a small deficit on either party involved in a contract. It depends a lot on the good faith that the parties had on completing the work.

Your Insurance company bills you $687.89 every 6 months for your premium payments. You decide to pay per month.
What is the monthly premium?

Answers

Answer:

$114.65

Explanation:

If you divide $687.89 by 6 months you'll get $114.64833333333333333 but if you simply you'll get 114.65 and you'll only pay $0.11 over.

Answer:

114.65

Explanation:

what are three ways the role of the secretary has changed in recent years?​

Answers

Answer:

Following are some ways the role of secretary has changed:

1) From Man to Women

Back in time, secretaries were men, but when during different wars (especially world war 1 and 2) men used to fly away, this title slipped to the women.

2) Change of responsibilities

The role of a secretary was mainly to make appointments, keep records. bring coffee for the boss, but now a secretary has been rebranded as an assistant or office administrator which covers the expanding responsibilities of an office.

3) From Dictation or Decision Making

Secretaries used to get dictated by their bosses but now they have become an important part of the decision making processes.

Annual Percentage Rate (APR), credit limit, and penalties
and fees are important to consider when
Looking at your
credit score
Choosing a financial advisor
o
Choosing a credit card
Selecting a financial institution​

Answers

Answer:

Choosing a credit card.

Explanation:

A credit card is a plastic rectangular card issued by financial institutions such as banks, that allows the cardholder to purchase goods or services from merchants on credit.

Credit cards offers it's users convenience to access a line of credit and thus, eliminates the need to carry cash (money) or check around.

The important criteria to consider when choosing a credit card are;

1. Annual Percentage Rate (APR).

2. Credit limit.

3. Penalties and fees.

4. Cash back.

The annual percentage rate (APR) is the annual interest derived by a total charged to borrowers or payable to investment.

What is a credit card and why is it important?

Credit cards, when used appropriately, may be important instruments for earning rewards, traveling, dealing with crises or unanticipated spending, and improving credit.

A rewards credit card, as the name suggests, pays the cardholder for making purchases. Rewards can differ depending on the issuer and card type.

Thus, Option C is correct about APR.

For more information about APR refer to the link:

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Suppose you manage a local grocery store, and you learn that a very popular national grocery chain (Whole Foods or Walmart) is about to open a store just a few miles away. Use the model of monopolistic competition to analyze the impact of this new store on the quantity of output your store should produce (Q) and the price your store should charge (P). What will happen to your profits? Please show graphically and explain your reasoning in detail. For example, how and why do profits change? How can that be seen on the graph?

Answers

Answer: The answer is given below

Explanation:

The entry of a new firm will lead to the reduction in the demand for the existing firm, thereby reducing the output and price. Also, in the long run when the new firm enters the market, this will lead to the supernormal profits to be driven down. The firms are price makers, faced with a demand curve that is downward sloping. Because each firm makes a product that is unique, it can either charge a lower or higher price than its rivals.

As the new firms enter the market, the demand for the product of the existing firm becomes more elastic, the demand curve will shift to the left, which drives down the price. All the super-normal profits will be gone. So, change in the elasticity effects profits .

For the market shares constant innovation to be defended, proper marketing is required. The monopolistic competition is based only on product differentiation . When new variety and innovative products are launched, this may attract consumers which will lead to increase in demand and drive up the profits.

Erica is CEO of a company and has recently hired a vice president of marketing. She would like to share this information with all three thousand employees. Erica should _____. send an e-mail to all employees use diagramming software to create a chart type a word-processing document and print it call each employee

Answers

Answer:

The correct answer is send an e-mail to all employees.

Explanation:

The correct answer is send an e-mail to all employees.

I am going to explain the why of each options.

call each employee

There are three thousand employees. There is just not enough time to call each employee.

send an e-mail to all employees

The most practical way, as it takes just the time to write the email and send to a list containing all employees.

type a word processing document and print it

use diagramming software to create a chart

With these alternatives, most of the employees would not see the information.

I’ll mark brainliest

Answers

Answer:

Yes C is correct

Explanation:

I think the answer would be D

Food Safety - Potential Hazards (CORE)
<
To help prevent chemical contamination, where should you store chemicals?
O Below food storage areas
In the bathroom
O Above food storage areas
O Away from food

Answers

Answer:

Away from food

Explanation:

Chemicals should be stored away from food because the slightest contact between them would lead to chemical contamination

URGENT!! Describe the attractions of growth stocks and value stocks.

Answers

Answer:

Investors who purchase growth stocks receive returns from future capital appreciation (the difference between the amount paid for a stock and its current value), rather than dividends. ... Value stocks are those that tend to trade at a lower price relative to their fundamentals (including dividends, earnings, and sales).

Explanation:

Answer:

Investors who purchase growth stocks receive returns from future capital appreciation (the difference between the amount paid for a stock and its current value), rather than dividends. ... Value stocks are those that tend to trade at a lower price relative to their fundamentals (including dividends, earnings, and sales).

Why might a sole proprietor take on a partner instead of hiring an employee?

Answers

Answer:

Please see answer below.

Explanation:

As in the above case, a sole proprietor might decided to take on a partner instead of hiring an employee if he or she is considering business expansion or aiming to add other business which is not his or her field hence requires a partner.

Employing people in the above situation might not be a good decision because adding a new line of business requires capital and expertise , all of which will be provided by the new partner because that is his field.

Also, should there be any losses, both the sole proprietor and the partner will share the losses unlike the employee who will not share in the loss should there be any.

Chen runs a consulting firm that provides strategies to companies that are into space exploration. What type of business does Chen own?


A.

manufacturing

B.

merchandising

C.

service

D.

wholesale

Answers

Answer:

I am not to sure, but I am pretty sure the answer would be C, service. Sorry If I am wrong, but I hope it helps. :)

Explanation:

According to the research, service business is type of business that Chen owns.

What is a service business?

It includes activities of companies in the financial sector and those that provide logistics, consulting, human resource and installation services.

It offers non-tangible goods, mainly related to some practice, process or activity.

Therefore, we can conclude that according to the research, service business is type of business that Chen owns.

Learn more about service business here: https://brainly.com/question/17219051

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List at least six possible areas that might be included on an externship evaluation form.

Answers

Answer:

•Initiative

•Administrative task

•Maturity

•Appearance

•Attitude

• Dependability

Explanation:

Externship is a programme offered to college students which forms part of their work experience in relation to their course of studies. It affords student to have work experience during their educational study.

The externship evaluation form is a form used by supervisors to assess the performance of students who have undergone externship programme. It contains areas such as how matured is the student on the job, gives explanation of the student's appearance throughout the programme. It also confirms whether the student is dependable based on his experience during the programme, how well the student makes use of his initiative without being told what to do etc.

PLEASE HELPPPPP The "legal value" in the definition of contract consideration applies to Select one: a. Forbearance. b. Promises. c. Money. d. Labor. e. All of the answers are correct.

Answers

e) All of the answers are correct

Legal VALUE in an agreement is Consideration..

It can be goods, service money or a promise of any of these

Both parties must give some form of consideration for a contract to be legal...

Which polygon has an interior angle sum of 1080°?

Answers

Answer: octagon

Hope this helped

Answer:

A. The polygon with 8 sides.

Explanation:

The formula for the interior angle sum is (n-2)*180.

8-2 = 6

6*180 = 1080

4.  What happens if you need your money in either your 401K or Roth IRA at age 40?

Answers

Answer:

In many cases, a Roth IRA can be a better choice than a 401(k) retirement plan, as it offers a flexible investment vehicle with greater tax benefits—especially if you think you'll be in a higher tax bracket later on. ... A good strategy (if you can manage it) is to have both a 401(k) and a Roth IRA.

Explanation:

Because it offers additional investment alternatives and higher tax advantages, a Roth IRA may be a better option than a 401(k) retirement plan.

An IRA that allows for tax-free growth and tax-free withdrawals in retirement is known as a Roth IRA.

Utilize all of your available savings and investment options, including your IRA and 401(k), to save as much as you can as early on while also receiving the biggest tax cut possible.

Since Roth IRA contributions are made using after-tax funds, the contribution year does not qualify for a tax deduction.

Therefore, it is better to invest in the 401K option.

To know more about the Roth IRA, visit:

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PLEASE HURRY!!! With technology, music can be developed and incorporated into which of the following?
A. websites, Applets, PDF documents
B. CAD, spreadsheets, Word documents
C. games, images, queries
D. websites, games, presentations

Answers

B is the answer.

Websites, games and presentations can all have music incorporated into them. In each of the other three options there is at least one item that is text based that would not have music incorporated into it.

Answer:

D

Explanation:

websites can have music players, games have soundtracks, and presentations can have music players as well.

I WILL ALWAYS MARK THE FIRST ANSWER THE BRAINLIEST

Answers

Answer:

D. Food Preparation Sink

Explanation:

You are correct! Must wash hands always at the PROPER place, when handling food.

I WILL MARK THE BRAINLIEST HELP ME PLEASE

Answers

Answer:

It's D im guessing

Explanation:

It Should be letter D

My last question . Marking the brainliest :)

Answers

Answer:

your answer would be BBbBB

Explanation:

Answer:

Choice B

Explanation:

The minimum temperature would be 145 degrees, but more than that would most likely be overcooked.

Please mark BRAINLIEST! Thanks!

TRUE OR FALSE FOR EACH BRAINLIEST ANSWER PLEASE 1. The Statute of Limitations discharges a debt by operation of law unless the debtor reinstates the debt. 2. In most situations, when a breach of contract occurs, the innocent injured party is held to a duty to mitigate the damages. 3. Anything less than complete performance is a material breach of contract. 4. Unless there is a material breach, parties can never mutually agree to discharge one another (rescind the contract).

Answers

Answer:

Hjsksk

Explanation:

Hjskkz zzhzk

ZzjjskslL

Zhzkls

Hzkz

Jzso

Why is Earned Value a very powerful tool? Answer: It combines the cost, scope, and ____________ as an integrated tool to calculate project performance. It also allows us to do _______________ under different estimating assumptions as discussed earlier.

Answers

Answers
1) Time
2) cost analysis or performance measurement.

Explanation


Earned value — it integrates cost, time and the work done (or scope) and can be used to forecast future performance and project completion dates and costs...

Which of the following is not part of the role of a forester? a. develop sustainable practices b. prevent removal of timber c. determine means for continued growth d. assess timber quality Please select the best answer from the choices provided A B C D Mark this and return'

Answers

Answer:

B

Explanation:

The following is not part of the role of a forester: determine means for continued growth. Thus option (c) is correct.

What is the population growth?

A population is the total number of individuals that live in a particular region or area. The number of individuals that live in an area can either increase or decrease over time, which leads to population growth.

Population growth can be positive or negative depending on if certain factors cause the number of individuals to increase or decrease.

Exponential population growth occurs whenever a population continues to increase in size at a consistent pace. However, generally there are a few population factors that affect the size of a population, including , mortality, natality, and migration.

Learn more about population growth here:

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Rachel is on her way to an interview for the position of a project manager. She is trying to prepare for this interview by analyzing her own skills. Which of Rachel’s skills is relevant to the position of a project manager?

Answers

Answer:

B) she was very calm under pressure

Explanation:

A project manager is a designation in which the management and the responsibility of the entire project lie in the hands of an individual. The responsibilities of planning, running and the execution of the project is undertaken by the project manager.

From the given options, the soft skill of keeping very calm under pressure will be the most relevant for Rachel. All the other three options are the skills relevant for a specific proficiency in the technical field. To be a project manager, calmness, and efficiency to work under pressure is required.

Which of the following can send a live stream of updates to your website from your social media sites?
A webcam

A streaming app

A widget

A newsfeed

Answers

Answer:

A webcam

Explanation:

Streaming is the process of accessing, watching, listening to music or video in the 'real-time'. It does not mean that the video or audio is downloaded and then watched or listened to. The file is not downloaded, rather it is just streamed online. A webcam is a device that is used to build the links of the videos to function like a videophone. It is used to record videos that can be further used to stream them on any social media platform.

Answer:

A widget

Explanation:

2 features of private limited companies.

Answers

Answer: (1) Legal entity

(2) Perpetual existence

Explanation: A very simple definition of a private limited company would help with subsequent explanation of its features or characteristics.

A private limited company is a business organization with private ownership being held by a few parties known as the shareholders, and these ones have their liability limited to the amount of shares contributed to the business capital. The total membership of owners is limited and hence the name "private."

There are a quite a number of features of a private limited company and two of these are;

(1) Legal Entity

(2) Perpetual Existence

(1) Legal Entity:

Once an organization has been registered as a "limited liability company," it immediately takes it own identity. What this means is that the laws of the country now recognizes the company as an individual with its own name and identity and is clearly distinct from the shareholders (owners of the company). This means the private limited company can have a bank account opened in its own name, it can sue and be sued to court in its own name (and not in the name of the shareholders), and so on. Basically, legal  entity implies that a private limited company is now a person on his/her own and all matters that concern the business organization shall be seen as the company. Hence all assets and liabilities belong to the company and not the shareholders.

(2) Perpetual Existence:

Perpetual or continuous existence as the name implies means the company can continue to remain in existence into the foreseeable future and no time limit can affect it. Also the death or exit of one or more members (shareholders) cannot affect the existence of the company. So if for example, one members retires and exits the company and later dies as a result of old age, with or without replacement of the ex member, the company continues to exist uninterrupted (remember the company is now a person on its own under the law). This explains why many multinationals such as banks and oil and gas producing companies have been in existence for decades and some close to two hundred years in existence (and still counting).

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