The correct answer is B. Monopolistic competition
Explanation:
Monopolistic competition occurs when the producers of a product determine the price of it. Also, the products sold have differences, which means consumers do not consider one product can be substituted by another because the qualities, brand, appearance, etc. are different. This is the opposite of perfect competition, in which products are substitutes and price is determined by price and demand rather than producers.
Monopolistic competition occurs in the case presented because the chocolates sold by Jack are different from those sold by Mia, who uses attractive boxes. Also, due to this difference, Mia can set higher prices and still get more demand from consumers.
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Answer:
As the market price of common stock has risen and it is presently at $35 per share, so Reba will likely to find it attractive to convert the bonds into common stock.
Explanation:
Reba having a bond with a value of $1,000 which will get matured in the year 2019 but at present the market price of common stock has risen to $35 per share so Reba might get attract to convert the bond into common stock. As, for bond she have to wait till it matures but the market price of common stock is constantly rising for three years. Therefore, it might attract her.
Therefore, the correct option is A.
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