is walmart an example of perfect competition ? Discuss the product they sell, entry and exit to the market and number of available sellers?

Q: Imagine you own a company STR LLC. You produce homogenous and easily available goods. Explain the…

A: Market refers to a place at which buyers and sellers of goods or services comes in contact with each…

Q: Imagine you're owner of domino pizza. How would to maximize store's profit ?

A:

Q: How many brands enter the flat-panel tv market between 2002 and 2007? what will economic profit in…

A: In early 2002, there were analog televisions in the market and they were the primary players in the…

Q: In perfect competition, why do firms act as price takers? What happens if they charge a different…

A: In a perfect competitive market, the firm will earn a super normal profit in the short run,…

Q: Your company operates in a perfectly competitive market. You have been told that advertising can…

A: The marketing relates to practices that a corporation undergoes to facilitate the acquisition or…

Q: Is there perfect competition in the food delivery market? Why and How?

A: Monopoly, Oligopoly, Monopolistic Competitive forces, and Perfect Competition are the four market…

Q: For example, the lower-left cell shows that if Movietonia prices low and Videotech prices high,…

A: Game theory is all about choosing an optimal strategy by an oligopoly firm in conflict situations.…

Q: The following table gives you cost and revenue information for Mac & Kayla's Stacked Sandwiches,…

A: Fixed Costs(FC) are expenses that remain constant regardless of the output(Q) level or product.…

Q: What are Coca-Cola's competitive advantages?

A: Coca-Cola enjoys a few competitive benefits that have assisted it with becoming one of the world's…

Q: Explain why have no competitors caught up with Apple? Do you think Apple can sustain its success…

A: 1)Apple was started by Steve jobs.Products of Apple are unique in design and also in technology.Most…

Q: Why are sellers in perfect competition unable to increase prices?

A: Perfect competition is a market structure characterized by large number of firms selling homogenous…

Q: Are Shoppe and Lazada considered as a perfect competition?  Why do you think that is?

A: Economics, as a subject, deals with the allocation of scarce resources among humans with unlimited…

Q: Explain the feature of the large number of the sellers and the buyers in the perfect competition

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

Q: Hannah has a small business making clothing alterations. Which of the following products would…

A: Hannah has a small business that makes clothes adjustments, according to the question. Thread is the…

Q: How does perfect competition effect the pharmaceutical industry?

A: In a market structure with perfect competition, there are numerous small enterprises that are price…

Q: What kind of business is a water refilling station? What problems are solved with the help of a…

A: 1) A water refilling station is a business where the supplier provides safe, and drinkable water to…

Q: What are some characteristics of perfect competition?  Is the Banana market a perfect competition?…

A: We will answer the first question since the exact one was not specified. Please submit a new…

Q: Describe how your restaurant would maximize its short-run profits.

A: When an individual wants to open a business, his primary aim is to earn profit and maximize it by…

Q: Homework PRICE (Dollars per doughnut) 4.00 3.50 3.00 2.50 2.00 1.50 1.00 0.50 0 MC 0 0.5 1.5 ATC 1 1…

A: Price searcher firm is a monopolistically competitive firm that maximises profit at MR=MC.

Q: Would a competitive firm ever engage in advertising? Explain.

A: The question is asking whether a firm operating in a competitive market would ever find it…

Q: 74. In the video, when MC > MR, what action should the firm take to Maximize Profit. Select one: a.…

A: 74. Marginal revenue is the amount of revenue received from selling one additional unit. Marginal…

Q: What determining factor do buyers use to select products in a pure competition market? A. Brand B.…

A: Pure competition is a market system in which several firms compete for the same clients. The optimum…

Q: e the outcomes if cigarettes enter the perfect competition market?

A: a perfect competition is one in which there are many buyers and sellers and each selling homogenous…

Q: Identify an industry that enjoys perfect (or nearly perfect) competition. How do the competitors…

A: Perfect Competition is a market situation where there are large number of buyer and seller s dealing…

Q: Can you create a graph showing perfect competition for grocery stores in a rural area ? And explain…

A: Perfect competition is when there are many number of buyers and sellers with no barriers to entry.…

Q: Discuss the different types of markets. what are the key forces driving the new marketing…

A: Market structure is defined as how many firms are operating in the market and how much market share…

Q: According to the graph below answer the following questions: 1. What is the profit-maximizing…

A: In perfect competition, There exists a large number of buyers and sellers. The firm will produce…

Q: How to identify the differentiation factor from our competitors.

A: The market refers to a place where various buyers, and sellers meet. The buyers purchase goods, and…

Q: Why is perfect competition assumed to be the best market situation in most cases? Draw a graph…

A: Why is perfect competition assumed to be the best market situation in most cases?Draw a graph…

Q: Analyze Perfect Competitive Market - In terms of cost, price, and profit   write a paragraph in your…

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

Q: What kind of business is a travel agency? What problems are solved with the help of a travel agency…

A: 1. A travel agency is a private merchant or government agency that offers tourism and travel related…

Q: what issues do the onlinebusinesses face?  How are they similar to offline competition?    How are…

A: Online Business and Offline Business: The act of doing business virtually or doing business over the…