Ask Question
BusinessBusiness
29 May, 04:40

Elmer's Glue has captured the market for school glue. It is preferred by both students and parents alike. It takes very little capitalization to enter the market, but nobody succeeds in doing so. The glue clearly needs no patents or secret formulas. This type of market is called a (n)

+5
Answers (1)
  1. 29 May, 07:05
    0
    Answer: Monopolistic competition.

    Monopolistic competition can be defined as an competitive industry where several organizations offer commodities and services that are quite similar but cannot be considered as perfect substitutes and thus the barriers to this industry are low and actions of an organization does not directly affect its competitors. In the given scenario, there are barriers and decisions of one organization does not affect its competitors.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Elmer's Glue has captured the market for school glue. It is preferred by both students and parents alike. It takes very little ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
The Latimore Company invested $8.5 million in a new plant in Italy when the exchange rate was 1.1500 euros to the dollar. At the end of the year, the rate was 1.2000 euros to the dollar. (Indirect quotes.) a.
Answers (1)
Sandata inc. Recently paid its annual dividend of $3. Dividends have consistently grown at a rate of 3%. You estimate that the stock has a required return of 17%. What is the intrinsic value of this stock?
Answers (1)
On September 1, the board of directors of Colorado Outfitters, Inc., declares a stock dividend on its 24,000, $15 par, common shares. The market price of the common stock is $44 on this date. Requried: a.
Answers (1)
John Company creates a subsidiary, Mark Company. John transfers cash of $50,000, land with both a cost and book value of $75,000, and a building with a cost of $250,000 and a book value of $200,000 to Mark, in exchange for all 50,000 shares of
Answers (1)
Carroll Corporation has two products, Q and P. During June, the company's net operating income was $25,000, and the common fixed expenses were $37,000.
Answers (1)
New Questions in Business
You look up the phone number of the new pizza hut and repeat the number silently in your head until you find a pad of paper to write it down. the process of actively repeating the number is called
Answers (1)
This simply means a general agreement: a. Consignment c. Conscription b. Consensus d. Continuity
Answers (1)
Building a specific, unique product for one customer is called processing true or false
Answers (1)
Which of the following is the normative answer to the question of why some of the world's states use a federal system? A.
Answers (1)
Wine and Roses, Inc., offers a bond with a coupon of 7.0 percent with semiannual payments and a yield to maturity of 7.75 percent. The bonds mature in 14 years. What is the market price of a $1,000 face value bond?
Answers (1)
Home » Business » Elmer's Glue has captured the market for school glue. It is preferred by both students and parents alike. It takes very little capitalization to enter the market, but nobody succeeds in doing so. The glue clearly needs no patents or secret formulas.
Sign Up Forgot Password?