answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
sveticcg [70]
2 years ago
15

Hot Wok Cuisine is a premium Asian restaurant chain that differentiates itself from a large number of competitors by providing e

xclusively organic Chinese cuisine. It has some pricing power because it provides differentiated products and therefore, has some entry barriers in place. In this scenario, Hot Wok Cuisine is most likely operating in a(n) Multiple Choice oligopoly. monopoly. monopolistically competitive industry. perfectly competitive industry.
Business
1 answer:
aleksley [76]2 years ago
5 0

Answer:

monopolistically competitive industry.

Explanation:

this Asian restaurant is likely operating a monopolistically competitive industry. This kind of market structure is a combination of monopoly and competitive market. as it offers products and services which one similar. Also the question says that it has some barriers to entry, which is a characteristic of monopolistically competitive industry. Also goods are similar but not differentiated

You might be interested in
In San Francisco, the typical pay in the installation, maintenance, and repair occupation exceeded the national average by 44 pe
saveliy_v [14]

Answer: Relative pay differential.

Explanation:

Relative pay differential is earnings compared with earnings of others doing the same job.

6 0
2 years ago
Lucinda cares a lot about the amount of work being produced by her team, but she is also concerned about her employees' job sati
Rasek [7]

The style that Lucinda is engaging to is a team leader. It is because a team leader is someone who cares for the group as she or he also provides guidance and leads to group towards to achieving the task that they want to achieve because of their common goals.

6 0
1 year ago
An owner had a profit margin of 50,000 last year.
babunello [35]
1,200,000 is the answer i think, depends 2 what it rounds 2 
3 0
1 year ago
Read 2 more answers
A monopolistic competitive firm is currently charging a price of $10 and producing 12,000 units/month. It faces monthly fixed co
gizmo_the_mogwai [7]

Answer:

either the selling price decreases or the total output decreases

Explanation:

The firm's income statement:

total sales revenue =            $120,000

minus total variable costs = ($72,000)

<u>minus total fixed costs =       ($15,000)  </u>

net profit =                             $33,000

The long run equilibrium for a monopolistically competitive firm occurs when the firm is making no economic profit since it is charging a price =  average total cost.

In this case the average total cost per unit = $6 per unit + ($15,000 / 12,000 units) = $7.25 per unit

Since the firm is currently charging a higher selling price than average total cost ($10 > $7.25), one or two things might happen in the long run:

  1. selling price will decrease
  2. output will decrease
5 0
1 year ago
Kanska, an application development firm, received a contract to develop a mobile application for a company. The brief mentioned
Serjik [45]

Answer:

The information provided to Kanska was insufficient.

Explanation:

The onus was on the company to provide all the necessary information for Kanska to work with.

An application development firm only creates applications based on the requirements gathered from clients and if clients don't divulge all necessary information, there is bound to be dissatisfaction in service when the mobile application is provided.

3 0
1 year ago
Other questions:
  • What Christmas vegetable is an anagram of SARNPIP?
    9·2 answers
  • Hardwoods, a timber supplying company, contracted with a furniture manufacturer, taylor furniture. hardwoods owned a large plot
    8·1 answer
  • When should a writer establish common ground before the bottom line statement
    5·2 answers
  • A manufacturing company that produces a single product has provided the following data concerning its most recent month of opera
    13·1 answer
  • In a single year, the Netherlands can raise 100 tons of beef or produce 1,000 boxes of tulips. In the same growing season, Belgi
    15·1 answer
  • Buzz’s Florida Division is currently purchasing a part from an outside supplier. The company's Georgia Division, which has exces
    8·1 answer
  • Janet bought a share of stock for​ $47.50 that paid a dividend of​ $.72 and sold one year later for​ $51.38. What was her dollar
    6·1 answer
  • A senior citizen gets a part-time job at a fast-food restaurant. She earns $8 per hour for each hour she works, and she works ex
    13·1 answer
  • Ty, a merchant, wrote to Marcus: "August 1, I offer to sell you one Model A Desktop Computer system, price $1,000. This is a fir
    6·1 answer
  • Leslie Bradley is an entrepreneur with a small business in Little Rock, Arkansas. Working with a local engineer/inventor, Leslie
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!