Question

QUESTION 20 All these are characteristics of a monopoly except, a Has few substitutes b. Controls a large share of the market c. There is one seller of the product d Controls a small share of the market QUESTION 21 Assumptions that underlie the Resource-based View include a Resource heterogeneity b.Resource immobility c Barriers to entry d. Both a and b QUESTION 22 A demand curves describes a the amount of units a producer will sell at a given price o b the amount of units a consumer will purchase at any given price c both the amount of units that a consumer will buy and a producer will produce at a given price d the amount of units supplied given a change in prices Click Save and Submit to save and submit, Click Save All Answers to save all answers

Answer 1

1. The answer is option D

Because in a monopoly the market share is a big factor. In a monopoly the company is said to be having the largest market share in the particular region. A pure monopoly is said to be having 100% market share.

2. The answer is option D

Resource based view include both tangible and intangible resources in an organisation. And these all are assumed as both heterogeneous and immobile. Things like brand equity, knowledge, intellectual property are immobile and also have a heterogeneity.

3. The answer is option C.

Demand curve shows the relationship between the price and quantity demanded, that is quantities demanded at a particular price point. And quantity demanded means the quantity the producer will sell as well as consumer will buy.