After running a small restaurant for 2 years, pam and jim realized that a greater opportunity existed in food distribution. they hired family members to run the restaurant while they focused their energy on starting a food distribution company. this is an example of the

Which type of market are you in if your company, along with three other companies, controls 95 percent of the total music industry?

Large public water and sewer companies often become monopolies because they benefit from although the company faces high start-up costs, the firm experiences average production costs as it expands and adds more customers. smaller competitors would experience average costs and would be less

Warby parker, a manufacturer of fashionable prescription eyewear, notes on its website, "warby parker was founded with a rebellious spirit and a loft objective: to offer designer eyewear at a revolutionary price, while leading the way for socially-conscious business." this excerpt from the company's website states warby parker's