Question

need immediate help

Answer 1

The Starfire Coffee chain was the only coffee-shop chain and meeting place in many American cities for more than 12 years. People paid $5 for a mug of peppermint coffee and the experience of sitting in front of a roaring fire, chatting with friends.

Twelve years after Starfire's appearance, a similar coffee-shop chain, Reindeer Brews, entered the marketplace. Reindeer charges $3 for a mug of hot cocoa and a similar community experience.

How would you characterize this scenario?

Non-price competition in a monopolistic market

Non-price competition in a purely competitive market

Price competition in a monopolistically competitive market

Price competition in a purely competitive market

Answer 2

@woohoo @enmanuelpina @RealityWillSlapYou @@.Sam. @kagome @Danelle96 @AkashdeepDeb @bowershe @Niniguma @nikin @Marco,Phillip

Answer 3

i think its either c or d

Answer 4

Give me a minute think....

Answer 5

ok

Answer 6

It's D. This is because there is price competition involved, however there is no indication of a monopoly.

Answer 7

i thought so and could you help me with a few more question

Answer 8

Paul and his friend Tori make decorative art out of silver spoons. They want to start a business that they can easily dissolve when they move on to their next project. Which of these will suit their needs best?

Corporation

Limited liability corporation

Partnership

Sole proprietorship

Answer 9

i think it is C

Answer 10

No, it's D. This is because with C you have to also think about what your partner whats.

Answer 11

but they both wanted 2 start a business together though

Answer 12

Nothing gets past you! Good job!!

Answer 13

oh so i was right yayy:)) can you help me with some more

Answer 14

i had made another post and i have tagged you in it

Answer 15

Okay, I'll look

Answer 16

ok