One of the limitations associated with break even

Info icon This preview shows pages 26–30. Sign up to view the full content.

View Full Document Right Arrow Icon
109. One of the limitations associated with break-even analysis is that: A. it assumes fixed costs are zero. B. it cannot adjust for high variable costs.
Image of page 26

Info icon This preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
C. it only tells marketers what price is needed to break eve D. it assumes that there is only one price. E. it assumes that demand is extremely inelastic. 110. Which of the following markets is most likely to be characterized by oligopolistic competition in the United States? A. Soybe ans. B. Pens and pencils. C. Soft drinks. D. Men's clothing. E. Electrical service to the home. 111. Because there are only a few firms in markets with oligopolistic competition: 112. In a market with __________, there are many firms providing differentiated products. 113. Because there are many firms in monopolistic competition markets:
Image of page 27
114. In __________, many firms provide similar products that are considered substitutes for each other. A. pure competiti on B. oligopolistic competition C. monopolistic competition D. a monopoly E. a duopoly 115. Which of the following is most likely to be characterized by pure competition in the United States? A. soybe ans. B. cereal. C. soft drinks. D. computer operating systems. E. fast food restaurants. 116. Because there are many firms with similar products in purely competitive markets: 117. If a firm in a purely competitive market can differentiate its product or service, it becomes part of a __________ market.
Image of page 28

Info icon This preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
118. How can a company find its way out of a market characterized by pure competition? A. Consistently offer th other competitors le B. Increase prices and attract different, quality-oriented cu C. Decrease the amount of available product until the mar D. Increase the amount of available product to flood the m E. Differentiate the product in some way, even by packagin
Image of page 29
Image of page 30
This is the end of the preview. Sign up to access the rest of the document.

{[ snackBarMessage ]}

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern