In most markets, independents are the most common form of retailer. Why is this the case?

Q: Why might a service business be more selective than a goods-producingbusiness regarding the…

A: Supply is the relationship between the price of a commodity and the the goods and services to be…

Q: Write notes on Penetrating pricing.

A: Companies advertise new items at cheap prices, with small or no margins, through pricing…

Q: In which market structure there is a single seller?

A: There are various structure of market it includes perfect competition, Monopoly, Monopolistic…

Q: Who are our competitors? What are their marketing strategies?

A:

Q: Define and give a few examples: Pricing Tactics Price Discriminations Pricing Sturcture

A: Pricing tactics are tactics used by firms to maximize profit and reduce cost. Example Firm using…

Q: n which type of market, monopolistic or competitive market, is the equilibrium market price lower?…

A: In a monopolistic market, at the profit maximization condition, MC=MR and P>MC. This is because…

Q: Is “product crimpling” a horizontal or a vertical product differentiation? Why?

A: Product differentiation refers to the marketing strategy in which a product is differentiated from…

Q: Why is a competitive market generally better for society than a monopolistic market?

A: A market economy is a way of running an economy in which the private sector, not the government,…

Q: It is often said that a competitive market is more beneficial for the consumers as compared to the…

A: In the case of Perfect Competition, there are large number of sellers selling identical products. An…

Q: As an entrepreneur, which graph illustrates the ideal brand loyalty you would like to see for your…

A: Brand Loyalty :Brand loyalty refers to a consumer consistently buying the same product or service…

Q: Monopoly in simple words

A: A monopoly is one of the market structure among four important market structures.

Q: Research the difference between pure competition and monopoly pricing. Compare and contrast the…

A: Perfect competition is a theoretical market structure in which there are so many firms selling…

Q: Which of the following is not ever considered a cost of advertising from society's perspective?…

A: Advertising makes a firm's product a differentiated product for the consumers.

Q: A perfectly competitive firm is expected to make a $0 economic profit in the long-run. What type(s)…

A: Perfectly competitive firm is a price taker and monopolist is a price maker.

Q: Why e-commerce are considered as near perfect competition?

A: Perfect competition is a type of market structure in which there are large number of buyers and…

Q: 7. Monopoly and Price Elasticity Consider the relationship between monopoly pricing and the price…

A: The dd curve faced by the monopolist is downward sloping. Again, inelastic dd for a good implies…

Q: What is price discrimination? From the perspective of running a business, is this a good thing or…

A: When similar goods or closely related products are sold at different prices in different markets or…

Q: Differentiate the four types of market structures regarding to the number of sellers and pricing…

A: Meaning of Market: The term market refers to the situation under which the producers or the sellers…

Q: Choose a product or service that you are familiar with (something you use or have used, something…

A: Market Structure refers to the setup through which the buyers and sellers interact for the exchange…

Q: Suppose the local electrical company, a legal monopoly based on economies of scale, was split into…

A: Monopoly company would set it prices at a point where Marginal cost = Marginal revenue Company in…

Q: Outline the economic factors that affect marketing decisions and consumer buying power.

A: There are many economic factors that affect the marketing decisions of a firm such as unemployment…

Q: Tommy runs a take-out pizza outlet called Healthy Pizza, which is located in a strip mall where…

A: Profit is maximized at the production level where marginal revenue is greater than or equal to…

Q: Most smartphones in the United States use Apple's IOS or Google's Android operating system. What…

A: Duopoly: - Duopoly market is a market in which there are only two sellers of a product in the…

Q: In “Hot Dog Hail Mary,” they discuss how the original model served low-quality food at high prices.…

A: Demand is an economic concept that helps in understanding the quantity demanded by the people in…

Q: why price discrimination is profitable in the perfume market or industry ?

A: Price discrimination occurs when the seller charges a different price for same/similar product.