In general, a person who owns and operates his or her own business can be thought of

as a/an
A. entrepreneur. C. gambler.
B. manager. D. pioneer.

my answer is A

Consider two used-car dealers: Bob’s Better Wheels and Dewey, Cheatum, and Howe
Motors. Their prices are basically the same for similar vehicles even as their advertising
screams that their products are different. Which kind of competition is going on here?
A. Perfect competition C. Monopolistic competition
B. Monopoly D. Oligopoly

my answer is C

I agree with your first answer.

You need to look up the choices at http://www.google.com or http://www.answers.com to be sure.

In general, a person who owns and operates his or her own business can be thought of

as a/an
A. entrepreneur. C. gambler.
B. manager. D. pioneer.

its B right

No, it's A ... as you said in your first post.

It's the second one for which you need to look up the terms.

oh i got confused i guess..

Consider two used-car dealers: Bob’s Better Wheels and Dewey, Cheatum, and Howe
Motors. Their prices are basically the same for similar vehicles even as their advertising
screams that their products are different. Which kind of competition is going on here?
A. Perfect competition C. Monopolistic competition
B. Monopoly D. Oligopoly

my answer is A

I agree with your car-dealer answer.

For the first question, to determine the correct answer, let's break down the options:

A. Entrepreneur: An entrepreneur is someone who starts and manages their own business, taking on financial risk in the hope of making a profit. This aligns with the description provided.

C. Gambler: A gambler refers to someone who takes risky bets or wagers for a chance at winning money. This is not the best fit for someone who owns and operates their own business, as it implies a more speculative approach to making money.

B. Manager: While managers do play an important role in businesses, they typically work for someone else and are responsible for overseeing the day-to-day operations, rather than being the owner.

D. Pioneer: Pioneers are individuals who are the first to explore or settle in a new area or industry. While business owners can be considered pioneers in certain circumstances, this term does not encapsulate the overall role of a person who owns and operates their own business.

Based on these descriptions, Option A. Entrepreneur is the best fit for someone who owns and operates their own business. Therefore, your answer of A is correct.

Moving on to the second question, let's analyze the options:

A. Perfect competition: In a perfect competition, there are many sellers offering a homogeneous product, with no single seller having control over the market. This scenario does not seem to fit the description provided.

C. Monopolistic competition: In a monopolistic competition, there are many sellers offering products that are similar but differentiated in some way. This aligns with the scenario described in the question, where both dealers are offering similar vehicles but emphasizing their differences in advertising.

B. Monopoly: A monopoly refers to a situation where a single company or entity has complete control over a particular market or industry. This does not apply to the scenario described, as there are multiple car dealers.

D. Oligopoly: An oligopoly occurs when there are a few dominant sellers in a market, typically providing differentiated products. Again, this does not fully align with the description since there are multiple car dealers rather than just a few dominant ones.

Based on the descriptions, Option C. Monopolistic competition is the best fit for the scenario described. Therefore, your answer of C is correct.