Swadee's Jewelry is one of six hundred makers of ruby rings in Thailand. The rings display differences across the companies because each jewelry company has its own designs. Swadee is the fourth-largest producer of ruby rings in Thailand and sells 15% of the ruby rings in the market. Which statement is descriptive of the structure of the ruby ring market in Thailand? (A) The market cannot be monopolistic competition or an oligopoly. (B) The ruby ring market is an oligopoly because there are six hundred companies competing against each other. (C) It is a perfectly competitive market since there are six hundred companies that produce a homogeneous product. (D) It has some characteristics of monopolistic competition except that there are a few firms that have significant market share.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Swadee's Jewelry is one of six hundred makers of ruby rings in Thailand. The rings display differences across the companies because each ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
What are the two main purposes that companies use social media?
Answers (1)
The income and expenses of a corporation for federal income tax purposes are referred to as what type of income?
Answers (1)
Yan Yan Corp. has a $5,000 par value bond outstanding with a coupon rate of 4.6 percent paid semiannually and 21 years to maturity. The yield to maturity of the bond is 4.1 percent.
Answers (1)
Waupaca Company establishes a $440 petty cash fund on September 9. On September 30, the fund shows $193 in cash along with receipts for the following expenditures: transportation-in, $46; postage expenses, $78; and miscellaneous expenses, $111.
Answers (1)
Sun Inc. factors $6,000,000 of its accounts receivables without recourse for a finance charge of 3%. The finance company retains an amount equal to 10% of the accounts receivable for possible adjustments.
Answers (1)
New Questions in Business
Your business uses the allowance method to account for uncollectible receivables. At the beginning of the year, Allowance for uncollectible accounts had a credit balance of $ 1 comma 000.
Answers (1)
Suppose you have a choice of working full-time during the summer or attending summer school full-time. Summer tuition and books are $3,000. If you worked, you could make $5,000. Your rent is $1,000 for summer, regardless of your choice.
Answers (1)
Which phrase defines complementary goods
Answers (1)
If a company's current assets increase, what might we assume about their inventory levels? a) It increasedb) It decreasedc) It stayed the samed) We don't have enough information to decide
Answers (1)
What is the effect of import restrictions on prices? a. they cause prices to drop. b. they cause prices to rise. c. they often cause prices to rise steeply and then drop. d. they usually do not have any lasting effect on price?
Answers (1)