Sells a product for which there are many close substitutes

Assignment Help Business Economics

Reference no: EM13833522

For a business that sells a product for which there are many close substitutes,

a. Demand will be relatively inelastic and market power relatively high

b. Demand will be relatively inelastic and market power relatively low

c. Demand will be relatively elastic and market power relatively high

d. Demand will be relatively elastic and market power relatively low

Reference no: EM13833522

Questions Cloud

Cumulative abnormal return for the announcement date : Swenson Co. announced its merger plans on August 25 and had a daily return of 0.8 percent. Tyler Co. announced its merger plans on August 26 and had a daily return of 0.6 percent. The Underwood Co. announced its merger plans on August 27 and had a da..

Characteristic of market structure : According to the structure-conduct-performance framework, which of the following is not a characteristic of market structure

Advantages and disadvantages of having the workplace : What are the advantages and disadvantages of having the workplace governed by a legally enforceable contract supported by rights arbitration? Is this a good model for the workplace for the 21st century?

Compared to perfectly competitive market-monopoly market : Compared to a perfectly competitive market, in a monopoly market

Sells a product for which there are many close substitutes : For a business that sells a product for which there are many close substitutes,

What happens when decisions are made based on cost alone : Considering the shortcomings or limitation of these strategies, the first factor that needs to be mentioned is, this process is expensive." What happens when decisions are made based on cost alone?

The key stakeholders : What are the minimum success criteria as defined by the key stakeholders? How will you monitor and mesure the project quality? How will the project owners determine if the project is a success or not? These must be detailed and measureable.Constructi..

Great forks hospital what were the total expenses : Great Forks Hospital reported net income for 2011 was $2.4 million on total revenues of $30 million. Depreciation expense totaled $1 million a. What were the total expenses for 2011? b. What were the total cash expenses for 2011?

Discuss an event in which you had to make ethical decision : Discuss an event in which you had to make an ethical decision.Identify at least two ethical theories that support your decision.

User Account

All Pages