The main characteristic of the monopolistic competition market structure is product differentiation. 3A. Explain what is meant by product differentiation and what does it look like? 3B. Explain why the company does this and how?
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The main characteristic of the monopolistic competition market structure is product differentiation.
3A. Explain what is meant by product differentiation and what does it look like?
3B. Explain why the company does this and how?
Thank you for the help Bartleby!
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- 1.Microsoft is one of the leading software companies. Prior to 2000, Microsoft’s share of the market for personal computer operating systems stood above 80 per cent. However, since the twenty-first century Microsoft’s market share has steadily declined to 40 per cent. This is due to the rise in competing software producers such as Apple macOS (10%), Google's Android OS (35%), Linux Operating System (35%), and Apple iOS (5%). The market share of each company is provided in parentheses. Google and Linux have decided that it would be in their best interest to work together to serve the market. This is not common knowledge to the person’s outside of the companies. i. Draw how equilibrium price and quantity are determined in this industry. Hi does this refer to the monopoly market structure diagrams? 2. Allsmart’s demand curve is given by Q=10-P for its dishwashers. The marginal and average cost is $3 per dishwasher produced. Complete the following table. Photo below concerns…Only typed answer 1. Why do oligopolies exist? A. A small number of firms have established barriers to entry using economies of scale, patents, and sheer size to prevent other firms from challenging them. B. The oligopolistic firms are created, run, and supported by the government. C. The members of an oligopolistic market are producing in the upward sloping range of their long run average cost curves.13. Which ones correct
- 16-5. Your pharmaceutical firm is seeking to open up new international markets by partnering with various distributors. The different distribution within a country are stronger with different market segments (hospitals, retail pharmacies, etc.) but also have substantial overlap. A. In Egypt, you calculate that the annual value created by one distributor is $60 millions per year, but would be $80 millions if two distributors carried your product line. How much of the value can you expect to capture? B. Argentina also has two distributors with values similar to those in Egypt, but both are run by the government. How does this affect the amount you could capture? C. In Argentina a, if you do not reach an agreement with the government distributors, you can set up a less efficient Internet-based distribution system that would generate $20 million in value to you. How does tis affect the amount you could capture?6. Which competitive force has Naomi capitalized on to benefit her company's manufacturing processes? a. Buyer power b. Threat of substitute products or services c Threat of new entrants d. Supplier powermultiple choice. answer only Question 1. This market structure has a lot of competitors selling non-identical goods.A. Perfect competition C. OligopolyB. Monopolistic competition D. Monopoly2. What does a discount rate in the net present value signify?A. Amount of interest earned C. Firm's time and risk preferenceB. Amount needed by the firm D. Rate of firm's growth3. Why does the value of money diminish over time?A. Inflation C. Decrease in consumer informationB. Increase in competition D. Interest rates4. Which disequilibrium profit theory is applicable to businesses with high capitalrequirements?A. Frictional profit theory C. Compensatory profit theoryB. Innovation profit theory D. Monopoly profit theory5. Which of these is NOT part of the three (3) basic economic questions?A. What commodities should be produced?B. How should those commodities be produced?C. Why should the commodities be produced?D. For whom are those commodities produced?6. Which of these…
- 2. As a consumer of the products or services provided by these Big Tech companies, are YOU helping fellow consumers with fair business practices or supporting Big Tech firms grow in market power? Do explain15. What is tying? Why is it helpful? Give an example. Note:- Please avoid using ChatGPT and refrain from providing handwritten solutions; otherwise, I will definitely give a downvote. Also, be mindful of plagiarism. Answer completely and accurate answer. Rest assured, you will receive an upvote if the answer is accurate.1. Nori is a firm that sells products in an industry with a very high concentration of sellers. Nori's production decisions must consider its competitors' possible production decisions. In which market must Nori operate? A-Perfect market B-Monopoly market C-Oligopoly market D-Monopsony market E-Monopolistic competition 2. Koel is the single producer of home air conditioners in its rural market. The firm's monthly demand is described by the equation P = 5000 − 5Q, where P is the price and Q is the quantity of units sold. Which of the following must be true of Koel? A-An increase in price decreases the quantity sold. B-It is a natural monopoly. C-A decrease in price decreases the quantity sold. D-Higher levels of output bring in increasingly lower total revenue if demand is elastic. E-Maintaining the current price decreases the quantity sold over time.
- 1- What is important for the retailers to consider in the selection of target market? a. Degree of competition at local and national level b. Sales promotion c. Product display d. Retail format3- There are many sellers of abayas and dishdashas in Muscat. Each abaya and dishdasha seller makes their product slightly different from others. There is free entry and exit into this market. Which market structure is this situation referring to? a. Monopolistic Competition b. Perfect Competition c. Oligopoly d. Monopoly4. Continuing with the Table of Certificate Programs, complete the calculations for Total Revenue by determining how many customers will purchase at each of the segment's bundle price. Online Self Certifications for Social Work License Certification in Online Counseling Certification as a Group Home Counselor Bundle Customers TR Counseling TR Group Home TR Bundle Segment 1 1000 $190 a $70 e $260 4a Segment 2 1000 $150 b $90 f $240 4b Segment 3 1000 $95 c $160 g $255 4c Segment 4 1000 $35 d $195 h $230 4d 4a) 4b) 4c) 4d)