Author Question: The existence of many competitors in any one market segment may indicate: A) an untapped market ... (Read 583 times)

scienceeasy

  • Hero Member
  • *****
  • Posts: 565
The existence of many competitors in any one market segment may indicate:
 
  A) an untapped market niche.
  B) the market is saturated.
  C) no one firm has differentiated itself within that market.
  D) a market that has already been tried without success.

Question 2

A perfect market is one in which:
 
  A) there are no competitive advantages or asymmetries because all firms have equal access to all the factors to production.
  B) one firm develops an advantage based on a factor of production that other firms cannot purchase.
  C) one participant in the market has more resources than the others.
  D) competition is at a minimum, as each niche market within an industry is served by the company with the greatest competitive advantage.



ally

  • Sr. Member
  • ****
  • Posts: 331
Answer to Question 1

B

Answer to Question 2

A



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Chronic marijuana use can damage the white blood cells and reduce the immune system's ability to respond to disease by as much as 40%. Without a strong immune system, the body is vulnerable to all kinds of degenerative and infectious diseases.

Did you know?

Medications that are definitely not safe to take when breastfeeding include radioactive drugs, antimetabolites, some cancer (chemotherapy) agents, bromocriptine, ergotamine, methotrexate, and cyclosporine.

Did you know?

In 2010, opiate painkllers, such as morphine, OxyContin®, and Vicodin®, were tied to almost 60% of drug overdose deaths.

Did you know?

Aspirin may benefit 11 different cancers, including those of the colon, pancreas, lungs, prostate, breasts, and leukemia.

Did you know?

People with alcoholism are at a much greater risk of malnutrition than are other people and usually exhibit low levels of most vitamins (especially folic acid). This is because alcohol often takes the place of 50% of their daily intake of calories, with little nutritional value contained in it.

For a complete list of videos, visit our video library