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m_a_m_a [10]
2 years ago
10

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

Business
1 answer:
Nutka1998 [239]2 years 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.
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What is an externality? how do externalities relate to socially optimal quantity?
Elodia [21]
An externality in business or economics is where an industrial activity has an unexpected side effect which does not figure in the cost of the goods and services involved.  For example, I worked many years at a large mine. Just the existence of the mine there meant it was a no-hunting area so a side effect was that the moose used it as a refuge during hunting season which as a side effect was beneficial to the moose (and deer). Another example is that we used to crush mine rock for the haulroads for winter traction. As a result, it was found that the fines from this were concentrated with copper values so were put in the mill for processing-an unexpected outcome.
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3 years ago
The selection process in a high-involvement management organization involves selecting new hires based upon:
kherson [118]
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3 years ago
Workers in the nation of Brotherton expect managers to forcefully tell employees what to do, how to do it, and when. On the othe
pogonyaev

Answer:

The answer is B. Socio-cultural

Explanation:

The socio-cultural environment refers to the beliefs, practice, customs, tradition that influences the behaviour of a people that lives in a given population.  

The socio-cultural belief of the  nation of Brotherton is one that believe that all  the planning activities of the organisation should be the duties of manager alone and the employee are just to do as they are told.

However, the American workers participate and make contributions in the decision making process of the organisation.  

       

5 0
3 years ago
How does local techology help people?​
worty [1.4K]

By using technology, cities are able to track data about public problems, generated often by citizens, to develop effective policy solutions. In addition to helping with internal planning and addressing municipal problems, cities can use technology to advertise their assets.

4 0
3 years ago
At the beginning of the month, the Forming Department of Martin Manufacturing had 26,000 units in inventory, 30% complete as to
miskamm [114]

Answer:

  • Materials - 100,400
  • Conversion - 95,600

Explanation:

Equivalent Units = Units Completed and Transferred out + Ending Work in Progress.

Materials Equivalent Units

Ending Work in Progress = 90% * 16,000

= 14,400 units

Equivalent Units = 86,000 + 14,400

= 100,400 units

Conversion Equivalent Units

Ending Work in Progress = 60% * 16,000

= 9,600 units

Equivalent Units = 86,000 + 9,600

= 95,600 units

4 0
3 years ago
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