Industries differ from one another in terms of how many sellers there are in a specific market, how easy or difficult it is for a new firm to enter, and the type of products that they sell. Economists refer to this as an industry's market structure.<\/p>
Reply to these prompts by using a bakery as a company.<\/p>
With your selected business in mind (bakery), determine if it is competitive, monopolistic competitive, an oligopoly, or pure monopoly. Explain how you drew your conclusion about its market structure. How does the business\/firm in this industry determine the price it will charge for the products or services it sells?<\/p>", "transcribed_text": "", "related_book": { "title": "Financial Accounting", "isbn": "978-0470477151, 978-0-470-5562, 470556242, 0-470-55624-2, 9780470556245, 978-0470507018", "edition": "7th Edition", "authors": "Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso", "cover_image": "https:\/\/dsd5zvtm8ll6.cloudfront.net\/si.question.images\/book_images\/122.jpg", "uri": "\/textbooks\/financial-accounting-7th-edition-122", "see_more_uri": "" }, "free_related_book": { "isbn": "979-8386670764", "uri": "\/textbooks\/tips-for-expanding-your-small-business-five-steps-to-help-your-business-succeed-1st-edition-979-8386670764-190007", "name": "Tips For Expanding Your Small Business Five Steps To Help Your Business Succeed", "edition": "1st Edition" }, "question_posted": "2024-06-21 00:11:05", "see_more_questions_link": "\/study-help\/questions\/business-accounting-2024-September-21", "step_by_step_answer": "The Answer is in the image, click to view ...", "students_also_viewed": [ { "url": "\/a-transformer-is-used-to-match-an-amplifier-with-an", "description": "A transformer is used to match an amplifier with an 8- load as shown in Fig. 13.119. The Thevenin equivalent of the amplifier is: VTh = 10 V, ZTh = 128 . 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The firm has over 200 active clients, mainly commercial...", "stars": 3 }, { "url": "\/study-help\/questions\/state-the-uses-of-job-description-9442345", "description": "State the uses of job description.", "stars": 3 }, { "url": "\/study-help\/questions\/complete-and-balance-the-following-nuclear-reactions-that-occur-as-3263402", "description": "Complete and balance the following nuclear reactions that occur as part of the pp-chain, giving the correct details for the missing entities (each indicated by ? in the equations ):", "stars": 3 } ], "next_back_navigation": { "previous": "\/study-help\/questions\/1-suppose-both-kroger-a-grocery-store-and-seveneleven-a-3384144", "next": "\/study-help\/questions\/imagine-that-the-market-supply-of-peaches-comes-from-georgia-3384146" }, "breadcrumbs": [ { "name": "Study help", "link": "https:\/\/www.solutioninn.com\/study-help\/questions-and-answers" }, { "name": "Business", "link": "https:\/\/www.solutioninn.com\/study-help\/questions-and-answers\/business" }, { "name": "Economics", "link": "https:\/\/www.solutioninn.com\/study-help\/questions\/business-economics" }, { "name": "Industries differ from one another in terms of how many sellers there", "link": "https:\/\/www.solutioninn.com\/study-help\/questions\/industries-differ-from-one-another-in-terms-of-how-many-3384145" } ], "skill_details": { "skill_id": "12", "skill_name": "Economics", "parent_id": "1" } }" } }