Is there perfect competition in the food delivery market? Why and How?

Q: What are the two essential characteristics of a competitive market?

A: ANS A competitive market is a market in which there exist many sellers selling homogeneous goods to…

Q: optimal number of units that should be produced and sold each month and at a profit occurs (instead…

A: ANSWER: a.  Profit = Total Revenue (TR) - Total Cost (TC) Profit should be greater than zero, if the…

Q: Pick three products you use every day (in school, at work, or for pleasure—perhaps one of each).…

A:

Q: Information  about Competitive market

A: Perfect Competition(PC) is the structure of a market where all the producers produce similar and…

Q: A profit maximizing firm will produce an output, if it chooses to produce, where A marginal revenue…

A: Answer: Correct option: A (marginal revenue equals marginal cost) Explanation: A firm maximizes its…

Q: which market has free entry

A: Perfect competition is defined as the market structure in which there are large number of sellers in…

Q: Write notes on Penetrating pricing.

A: Companies advertise new items at cheap prices, with small or no margins, through pricing…

Q: а. List out the main characteristics of a competitive market

A: A competitive market is one in which no single customer or producer has significant market power.…

Q: Supplier Set Price Versus Market-Determined Price: Collusion or Competition?

A: In an economy, there can be two types of markets such as competitive and anti-competitive market.…

Q: Assume firms decide to enter the market, how will this affect market price and quantity in the long…

A: In a market with perfect competition, every manufacturer offers the same products or services. There…

Q: Write a note on economics of distillation.

A: Economics  Economics is the study of production growth and welfare through time, as well as a wide…

Q: What are the Five levels of a Product? Explain each level with an example from any Educational…

A: Answer- Need to find- What are the Five levels of a Product? Explain each level with an example from…

Q: Definition of Perfect market

A: A firm in any kind of market structure works with the objective of maximizing its profit and a firm…

Q: Why are sellers in perfect competition unable to increase prices?

A: Perfect competition is a market structure characterized by large number of firms selling homogenous…

Q: What evidence of economic competition do you see in your everyday life? what evidence do you see on…

A: Economic competition refers to the situation where the firms in the economy compete with each other…

Q: Who said “The customer experience is the next competitive battleground” ?

A: Customer experience refers to the perception of a business by the customers. It is formed when a…

Q: What are the advantages of pure competition?

A: Answer: A purely competitive business is the most efficient type of operation. This is due to the…

Q: Name atleast 2 business or service in the Philippines that is an example of perfect competition

A: Some of the features of Perfect Competition: 1. Firms are price takers 2. No individual firm can…

Q: Define supply, demand, prices and marketing. and explain the relationship between these concepts.

A: In the goods market, the equilibrium is attained at a point where the downward sloping demand and…

Q: How would you characterize the nature of competition among small food companies? Are there…

A: Answer- Need to find- How would you characterize the nature of competition among small food…

Q: forces at play: and effects. cubic Hotelling; competition; market size quadratic Hotelling;…

A: In a market, there are various sorts of management system utilized by the firms while managing the…

Q: Outline the characteristics of a perfect competition market that makes it different from an…

A: "In an economy there are different market structures. Market structure depicts how various…

Q: The decision to continue competing in a market depends upon the answers to the following questions…

A: To sustain in the market ones have to bear the fixed cost in the short run as we know.  Compete with…

Q: How do firms in a competitive market work?

A: Perfect competition is a market where there are lage number of seller and buyers of identical and…

Q: How does the company set its goods or services apartfrom those of its competitors? Does the company…

A: The company set its services and goods apart by differentiating its products from its competitors.…

Q: What determining factor do buyers use to select products in a pure competition market? A. Brand B.…

A: Pure competition is a market system in which several firms compete for the same clients. The optimum…

Q: What are the requirements for a perfect competition market?

A: Competitive market: - it is a market condition where there are many buyers and many sellers in the…

Q: Which of the following gives the customers better products that are not offered by other…

A: Marketing: It means promotion and selling of goods and services which include market research and…

Q: The process of understanding the customer and choosing a group of customer you can serve best is…

A: b) Targeting Option "b" is correct. In marketing, segmenting the target population and then planning…

Q: Analyze the likely effects of a perfectly competitive market on price, quality, and innovation of…

A: A perfectly competitive market is the one with high degree of competition as many sellers offer…

Q: Is a firm that satisfies the immediate needs and wants of target markets always doing what’s best…

A: Consumer: It refers to the people who buy goods and services from the market. The producer will be…

Q: Which market type has all firms selling products so identical that the customers donot care from…

A: In markets, we may find products which are either homogenous in nature or they are completely…

Q: Which is most likely the result of healthy competition in the market?

A: Healthy market competition promotes good customer service, high-quality goods, and competitive…

Q: A Perfect Competition has [ Select ] producer(s), products are [ Select I v to enter the market,

A: Perfect competition is a market structure in which there are large number of buyers and sellers…

Q: When the typical seller in a market has economic profits, then:

A: Profits are the excess of revenue receipts over the costs incurred by a firm in the production of…

Q: What price does a firm charge for the good it produces?

A: Economics is a branch of social science that deals with the production, consumption, and…

Q: What is Market competition?

A: The market is a place where the buyers and the sellers interact with each other and the exchange of…

Q: In perfect competition market the goods which are sold are ___________ in nature

A: # In perfect competition market structure, sellers are large in numbers and they are selling similar…

Q: Question 6 Discuss TWO major virtues of a market system.

A: A market system is any systematic process that allows many market participants to offer and demand:…

Q: what issues do the onlinebusinesses face?  How are they similar to offline competition?    How are…

A: Online Business and Offline Business: The act of doing business virtually or doing business over the…

Q: Did Netflix create Blue Ocean space?Did it make the competition “irrelevant”? Why?

A: Blue Ocean Strategy:- The term "blue ocean strategy" refers to a market for a particular  in which…