Differentiated nature of these firms products permits

Assignment Help Business Economics
Reference no: EM131118769

Firms like Papa John’s, Domino’s, and Pizza Hut sell pizza and other products that are differentiated in nature. While numerous pizza chains exist in most locations, the differentiated nature of these firms’ products permits them to charge prices above marginal cost. Given these observations, is the pizza industry most likely a monopoly, perfectly competitive, monopolistically competitive, or an oligopoly industry?

Reference no: EM131118769

Questions Cloud

Absorption for reaction between hcl and nh3 : What was the calorimeter's heat absorption for the reaction between HCl and NH3? To calculate the calorimeter's heat absorption you must multiply the calorimeter constant (Ccal) by the Delta T from the reaction: Qcal = Ccal * Delta T Choose the cl..
Develop recommendations to address the problems : The division has no customer service department. A small sales staff solicits and takes orders by phone from national distribution chains.
Explain why the article caught your attention : Explain why the article caught your attention. Relate the article to your life and to issues that are important to you. Discuss how or if the scientific knowledge about the topic covered in the article affects you directly or indirectly.
Determine why change is so difficult for organizations : Determine why change is so difficult for organizations. Propose ways that human resource (HR) specialists can assist in making change easier. Propose two ways that HR can prepare its employees for the changes involved with moving from a domestic as..
Differentiated nature of these firms products permits : Firms like Papa John’s, Domino’s, and Pizza Hut sell pizza and other products that are differentiated in nature. While numerous pizza chains exist in most locations, the differentiated nature of these firms’ products permits them to charge prices abo..
Contrast a toxin that affects the nervous system : Compare and contrast a toxin that affects the nervous system, one that affects the endocrine system, and another that affects the cardiovascular system. What characteristics are shared by these toxins, and what characteristics of these toxins make..
How does calcium relate to muscle contractions : What is the neuromuscular junction? How does calcium relate to muscle contractions? The buffer system is essential for overall body homeostasis. What condition is due to an increase in blood pH?
How do you create a modern global hub : BBNG 3103 / INTERNATIONAL BUSINESS ASSIGNMENT QUESTION PURPOSE. How do you create a modern global hub that delivers corporate and national success
Find particular solution that satisfies initial condition : Find the particular solution that satisfies the initial condition. (Enter your solution as an equation.)

Reviews

Write a Review

Business Economics Questions & Answers

  Competitive market without government regulations

The language of price controls Suppose that, in a competitive market without government regulations, the equilibrium price of hamburgers is $7 each. Complete the following table by indicating whether each of the statements is an example of a price ce..

  Price of petroleum used in producing tires causes market

The short run price elasticity of demand for tires is 0.9. If an increase in the price of petroleum used in producing tires causes the marketplace.

  What is the optimal mix of medical care expenses

One of the central questions that society must answer regarding medical care is: What is the optimal mix of medical care expenses? Which of the following activities involve Mary playing a game of chance? Which of the following is an example of a game..

  Workers in industrial countries earn much higher wages

Workers in industrial countries earn much higher wages than workers in developing countries because

  Based on then-current dollars

If inflation averages 4 percent per year and your return on an investment, based on then-current dollars (market rate) is 10.5 percent, what is your real return on investment?

  Calculate the annual income effect-lottery gain

Suppose you win a lottery, and your after-tax gain is $40,000 per year until you retire. As a result, you decide to work part time at 32 hours per week in your old job instead of the usual 40 hours per week. Calculate the annual income effect on hour..

  Consider the market for taxi service

Consider the market for taxi service in Washington, DC. Use demand-supply analysis to explain the effects (i.e., increase or decrease) on the equilibrium price and quantity from the following (considers each case separately; and assumes that only one..

  In equilibrium-perceived-actual market share will be same

10 consumers, ranked by their value for a network product v = 1...10, are deciding whether to connect to the network. If there are n people on the network, including oneself, then a consumer's willingness to pay equals n x v. What is the highest pric..

  Analysis in new product management

Gap Analysis in NEW PRODUCT MANAGEMENT , explain what information can be determined from this analysis and what actions and strategies can typically be determined as a result of a comprehensive Gap Analysis,make reference to products and services you..

  Amount of labour and capital used in each industry

Suppose that computers use two units of capital for each worker, so that KC = 2LC, while shoes use 0.5 units of capital for each worker, so that KS = 0.5LS. There are 100 workers and 100 units of capital in the economy. Solve for the amount of labour..

  Determine about what interest rate she earned

Suppose that your great-great-grandmother put $50 in a savings account 100 years ago and the account is now worth $1,600. Use the rule of 70 to determine about what interest rate she earned. show work, please.

  How do you think this would affect us output

The U.S. Constitution bans states from restricting imports of goods and services from other states. Suppose this restriction did not exist and that states were allowed to limit imports of goods and services produced in other states. How do you think ..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd