1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
m_a_m_a [10]
1 year ago
10

What happens to a monopolistically competitive firm that begins to charge an excessive price for its product?.

Business
1 answer:
Nutka1998 [239]1 year ago
4 0
What happens to a monopolistically competitive firm that begins to charge an excessive price for its product? The firm will go out of business.
You might be interested in
Billy Thornton borrowed $140,000 at a rate of 7.25%, simple interest, with interest paid at the end of each month. The bank uses
kolbaska11 [484]

Answer:

$845.83

Explanation:

The computation of the interest is shown below:

= Principal × rate of interest × number of days ÷ (total number of days in a year)  

= $140,000 × 7.25% × (30 days ÷ 360 days)

= $845.83

Simply we applied the simple interest formula by multiplying the principal, interest rate and the time period so that it can arrive with the correct amount

3 0
3 years ago
Why South Africa as a country has a shortage skilled workers​
kirza4 [7]

Answer:

The shortage is partly because of the failure of the national education and training system to supply the economy with much-needed skills.

3 0
2 years ago
8. most security threats come from inside an organization. (points : 2) true false
topjm [15]
True. Because they have access to the defense.
4 0
3 years ago
Read 2 more answers
If inventory is being valued at cost and the price level is steadily rising, which of the three costing methods (FIFO, LIFO, wei
Nat2105 [25]

Answer:

LIFO                

Explanation:

It will be the one that give higher Cost of goods sold. We also know that:

Cost of goods sold = Opening Inventory + Inventory Purchases - Closing Inventory

So this means the lower the closing inventory the higher the cost of goods sold and in time of price increases it will be more appropriate to use LIFO method which will reduce the Closing Inventory and this will increase the cost of goods sold and thus decrease in profit. This reduced profit means that the tax expense will also be lower in value.

Similarly the second attractive option will be the Weighted Average and the least attractive option would be FIFO costing method.

5 0
3 years ago
What should wedding floral consultants always do?
Andru [333]
Use flowers that are in season
8 0
3 years ago
Read 2 more answers
Other questions:
  • As time passes, fixed assets other than land lose their capacity to provide useful services. To account for this decrease in use
    11·1 answer
  • Recommend four aspects you would include when preparing a flyer
    13·2 answers
  • Stocks and bonds a. and checking accounts all commonly function as mediums of exchange, but only stocks and bonds are a store of
    7·1 answer
  • What are the relative merits of three trade agreements and alliances?
    14·1 answer
  • If a good that generates negative externalities were priced to take these negative externalities into account, its A. price woul
    14·1 answer
  • Marigold Corp. reported the following year-end information: beginning work in process inventory, $90000; cost of goods manufactu
    8·1 answer
  • "Individuals who participate in coaching programs that provide information on interviews and tips on successful interviewing ten
    9·2 answers
  • Matthew manages the sales team at an information technology (IT) firm. His focus is to conduct business in accordance with his f
    11·1 answer
  • The following summarized Cash T-account reflects the total debits and total credits to the Cash account of Thomas Corporation fo
    14·1 answer
  • Does mixed economy have private ownership?
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!