Identify whether or not each of the following scenarios describes a competitive market, along with the correct explanation of why or why not. Scenario1-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.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Identify whether or not each of the following scenarios describes a competitive market, along with the correct explanation of why or why ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
What is a good question to ask during an informational review?
Answers (2)
Buildtron inc., a construction firm, is in need of a construction superintendent, whose primary responsibilities involve organizing, supervising, and inspecting the work of several subcontractors.
Answers (1)
Why are checking account balances, but not credit cards, regarded as "money"?
Answers (1)
Angela is a project manager who leads a curriculum project. She is creating an outline of what each team member needs to complete by when to ensure the deliverable is on time, under budget, and within the scope of the project.
Answers (2)
Fabian was planning to start his own publishing business. He met a few people who had set up their own publishing agencies and made notes about their experiences.
Answers (1)
New Questions in Business
Thomas Company has the following data for one of their recliners. This information is for the deluxe recliner model: Sales $200,000 Variable Costs 90,000 Contribution Margin 110,000 Fixed Costs 150,000 Operating Income (loss) $ (40,000) Assume that
Answers (1)
When households decide to hold more money, a. interest rates fall and investment increases. b. interest rates rise and investment increases. c. interest rates rise and investment decreases. d. interest rates fall and investment decreases?
Answers (1)
Johnny is organizing all the specifics for his parents' 50th anniversary party. He has made contact with all the vendors, secured the location, and created a weather contingency plan. Johnny is participating in: answer choices planning management.
Answers (1)
A house is closed on April 15. The property taxes are $960 for the year. They have not been paid. How much does the buyer receive from the seller at closing
Answers (1)
Groupthink is defined as A. "a mode of thinking that people engage in when they are deeply involved in a cohesive in-group, when members' striving for unanimity override their motivation to realistically appraise alternative courses of action." B.
Answers (1)