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Author Question: Which of the following offers the best reason why restaurants are not considered to be perfectly ... (Read 234 times)

cnetterville

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on: Jun 29, 2018
Which of the following offers the best reason why restaurants are not considered to be perfectly competitive firms?
 
  A) Restaurants compete in small market areasneighborhoods and citiesrather than in regional or national markets. Therefore, restaurants are not small relative to their market size.
  B) Restaurants usually have entry barriers in the form of zoning restrictions and health regulations.
  C) Restaurants do not sell identical products.
  D) Restaurants have significant liability costs that perfectly competitive firms do not have; for example, customers may sue if they suffer from food poisoning.

Question 2

The rules of accounting generally require that ________ costs be used for purposes of keeping a company's financial records and for paying taxes. These costs are sometimes called ________ costs.
 
  A) explicit; accounting B) total; economic
  C) real; explicit D) economic; legal
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kaylee05

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Reply #1 on: Jun 29, 2018
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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cnetterville

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Reply 2 on: Jun 29, 2018
Thanks for the timely response, appreciate it

lcapri7

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Reply 3 on: Yesterday
Excellent

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