Ask Question
BusinessBusiness
29 August, 03:43

Imperfect competition is: A. a market structure with no more than one firm in the industry. B. an industry in which all firms are price takers. C. a market structure where firms have a degree of monopoly power. D. described by all of the above.

+1
Answers (1)
  1. 29 August, 03:47
    0
    The correct answer is letter "C": a market structure where firms have a degree of monopoly power.

    Explanation:

    No single company influence price in Perfect Competition. There is no entry or exit barrier. All firms sell the same product or service, all of them have the same industry knowledge, and there are a large number of suppliers and buyers. If any of these conditions are not present, it is imperfect competition.

    Imperfect competition can be found in monopolies, oligopolies, and monopolistic competition, to name but a few.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Imperfect competition is: A. a market structure with no more than one firm in the industry. B. an industry in which all firms are price ...” 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
When using a debit card to make purchases, you must be certain you: a) Receive a receipt b) Have enough funds in your account c) Provide identification d) None of the above
Answers (2)
The Bureau of Labor Statistics reported in 2005 that there were 50.40 million people over age 25 whose highest level of education was some college or an associate degree, 33.86 million of whom were employed and 1.27 million of whom were unemployed.
Answers (1)
Scot and Tiffany create an implied-in-fact contract. The parties’ conduct: a. Demonstrates the existence of the contract and its terms. b. Is not relevant to confirming the contract’s performance. c. Is not relevant to the contract’s terms. d.
Answers (1)
The next dividend payment by Savitz, Inc., will be $2.34 per share. The dividends are anticipated to maintain a growth rate of 4.5 percent forever. If the stock currently sells for $37 per share. a. What is the required return? b.
Answers (1)
Xavier, a recent college graduate, is thinking of investing in a home health care business. he believes this will be a profitable venture because of the increasing number of people in the u. s.
Answers (1)
New Questions in Business
Carol wants to invest money in a 6% CD account that compounds semiannually. Carol would like the account to have a balance of $130,000 7-years from now. How much must Carol deposit to accomplish her goal?
Answers (1)
At the end of 2016, Nash's Trading Post, LLC has accounts receivable of $635,600 and an allowance for doubtful accounts of $23,140. On January 24, 2017, it is learned that the company's receivable from Madonna Inc.
Answers (1)
United Birdseed is expected to pay the following dividends over the next three years: After year 3, dividends are expected to grow by 5% per year forever. The expected/required return on United Birdseed stock is 10%. What is the stock price?
Answers (1)
Halestorm Corporation's common stock has a beta of 1.13. Assume the risk-free rate is 4.8 percent and the expected return on the market is 12.3 percent. What is the company's cost of equity capita?
Answers (1)
A monopoly creates a deadweight loss to society because it produces less output than the socially efficient level. a. true b. false
Answers (1)
Home » Business » Imperfect competition is: A. a market structure with no more than one firm in the industry. B. an industry in which all firms are price takers. C. a market structure where firms have a degree of monopoly power. D. described by all of the above.
Sign Up Forgot Password?