Business, 10.03.2020 04:45 malikbryant2002
Identify whether or not each of the following scenarios describes a competitive market, along with the correct explanation of why or why not.
Scenario:
1-There are hundreds of colleges that serve millions of students each year. The colleges vary by location, size, and educational quality, which allows students with diverse preferences to find schools that match their needs.
2-The government has granted the U. S. Postal Service the exclusive right to deliver mail.
3-A few major airlines account for the vast majority of air travel. Consumers view all airlines as providing basically the same service and will shop around for the lowest price.
4-There are dozens of pasta producers that sell pasta to hundreds of Italian restaurants nationwide. The restaurant owners buy from the cheapest pasta producer available to them.
a. Competitive
b. Yes, meets all assumptions
c. No, no free entry
d. No, not many sellers
e. No, not a homogeneous product
Answers: 2
Other questions on the subject: Business
Business, 22.06.2019 04:30, juliashalnev
The lee family is looking to buy a house in one of two suburban areas just outside of a major city, and air quality is a top priority for them. overall air quality is calculated by taking measures in 100 locations within each suburb and then calculating a measure of central tendency. in one suburb, there is a major bus station that creates very poor air quality at its location but has no impact in the surrounding parts of the suburb. in this situation, which measure of overall suburb air quality would be most useful?
Answers: 3
Business, 22.06.2019 05:00, grangian06
Personal financial planning is the process of creating and achieving financial goals? true or false
Answers: 1
You know the right answer?
Identify whether or not each of the following scenarios describes a competitive market, along with t...
Questions in other subjects:
History, 19.03.2022 09:00
