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Why will a producer enter a competitive market?
A producer will enter a competitive market if it believes that it has a better version of other products already competing in a particular market. As an example, for a time, the best selling cola drink was Coca - Cola. It had a mass market of loyal cola customers. It seemed illogical to many businessmen to bring a new cola drink into this market. Pepsi Cola did enter the cola market with a good deal of success. Following that there were several other cola drinks such as Royal Crown Cola that also this now competitive market.
Is it true that in a perfectly competitive market, the marginal revenue is equal to the price of the good for each unit sold?
Yes, in a perfectly competitive market, the marginal revenue is equal to the price of the good for each unit sold.
What is the relationship between price and marginal revenue in a competitive market?
In a competitive market, the relationship between price and marginal revenue is that they are equal. This means that the price of a good or service is equal to the marginal revenue generated from selling one more unit of that good or service.
Are monopolists price takers as are competitive firms?
No, monopolists are not price takers like competitive firms. In a competitive market, firms accept the market price as given and cannot influence it due to many competitors. In contrast, a monopolist has market power and can set prices above marginal cost, as they are the sole supplier of a good or service, allowing them to influence the market price.
Characteristics of a monopolistic competitive market?
one firm which sells a good price set by that firm hard for other firms to enter market
How Information Systems Achieve Competitive Advantage?
information systems help to achieve competitive advantage by giving information about the competitive forces of the market which will help the company to develop their product, service and capabilities better than their competitors and they will be able to provide good and service to the customers in a better cheaper and faster way.
Why will a producer enter a competitive market?
A producer will enter a competitive market if it believes that it has a better version of other products already competing in a particular market. As an example, for a time, the best selling cola drink was Coca - Cola. It had a mass market of loyal cola customers. It seemed illogical to many businessmen to bring a new cola drink into this market. Pepsi Cola did enter the cola market with a good deal of success. Following that there were several other cola drinks such as Royal Crown Cola that also this now competitive market.
Is it true that in a perfectly competitive market, the marginal revenue is equal to the price of the good for each unit sold?
Yes, in a perfectly competitive market, the marginal revenue is equal to the price of the good for each unit sold.
What is the relationship between price and marginal revenue in a competitive market?
In a competitive market, the relationship between price and marginal revenue is that they are equal. This means that the price of a good or service is equal to the marginal revenue generated from selling one more unit of that good or service.
Are monopolists price takers as are competitive firms?
No, monopolists are not price takers like competitive firms. In a competitive market, firms accept the market price as given and cannot influence it due to many competitors. In contrast, a monopolist has market power and can set prices above marginal cost, as they are the sole supplier of a good or service, allowing them to influence the market price.
Characteristics of a monopolistic competitive market?
one firm which sells a good price set by that firm hard for other firms to enter market
In a perfectly competitive market a firm has to be either good or lucky?
This statement implies a firm must maintain proficiency in order to subsist in a perfectly competitive market. In perfectly competitive marketplace all prices are established by through supply/demand. Some firms may be a little on the lucky side while others may just be good. I will take luck any day however, at some point luck runs out and you better have learned something from your luck and apply it to being good. A firm in a competitive market must be efficient and find methods of production which yield the correct number of outputs and maintain fixed and variable cost of production at marginal levels.
Which is better more partitions or less?
I think more partitions are better for good perfomance.. If you have less partitions then files will scatter & causes for fragmentation.It also depends on how much size we are allocating.
In a perfectly free competitive market no buyer or seller has the power to significantly affect the price of a good.?
This is true
What is the relationship between startup cost and a competitive market?
Start up costs are much higher in a competitive market. If you have little orno competition, you can be successful with less ads, inventory, employees, ambience etc. Open on a low budget in less competitive market-- do your job so well--- grow grow grow. Become so good that you own your market. Then continue to learn and grow.
What is the relationship between start-up and a competitive market?
Start up costs are much higher in a competitive market. If you have little orno competition, you can be successful with less ads, inventory, employees, ambience etc. Open on a low budget in less competitive market-- do your job so well--- grow grow grow. Become so good that you own your market. Then continue to learn and grow.
Does Wells Fargo offer low cd rates in regards to other companies?
Wells Fargo offers CD rates that are competitive with the rest of the market. They are a good solid choice but are no better than other options that are out there.
