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2 years ago

A monopolistically competitive firm is one:

Business

1 answer:

Akimi4 [234]2 years ago

5 0

A monopolistically competitive firm is one of many firms that produce slightly different but very similar goods

Exclusive competition occurs when there are many companies offering products that are similar but not identical to the industry. Unlike monopolies, these companies have little power to curb supply or raise prices to increase profits.

There are no barriers to entry in monopoly competition. Therefore, the market is competitive in the long run and companies make normal profits. In monopoly competition, companies are not price takers (fully elastic demand) because they produce differentiated products. Demand is inelastic.

In essence, a monopolistical competitive market is so called because while companies compete to some extent for the same customer group, each company's products are slightly different from all other companies products.

Learn more about monopolistical market here:brainly.com/question/25717627

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Answer:

The correct answer is letter "B": perform service work without pay.

Explanation:

Service-learning has similar features to volunteer programs, community programs or internships with the difference that service-learning only focuses on learning and the service objectives. It attempts to provide meaningful service through course content where the students must use their critical reflection to complete the tasks assigned. Anybody can be part of service-learning programs considered there is no economic compensation for it.

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2 years ago

Which situation best illustrates the role of businesses in the circular flow of goods?

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Answer:

Explanation:

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3 years ago

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The Duerr Company manufactures a single product. All raw materials used are traceable to specific units of product. Current info

Gemiola [76]

Answer:

Direct material used= $102,000

Cost of goods manufactured= $327,000

COGS= $347,000

Explanation:

First, we need to calculate the cost of direct material used:

Direct material used= beginning inventory + purchases - ending inventory

Direct material used= 28,000 + 105,000 - 31,000

Direct material used= $102,000

Now, the cost of goods manufactured:

cost of goods manufactured= beginning WIP + direct materials used + direct labor + allocated manufacturing overhead - Ending WIP

cost of goods manufactured= 40,000 + 102,000 + 130,000 + 105,000 - 50,000

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3 years ago

If the total assets of a business are $107,000 and its liabilities are $75,000, which of the following statements is correct?

Lady bird [3.3K]

Answer:

a. liabilities are $32,000

Explanation:

Note: In question part $75,000 shall represent equity, as there are only 3 parts of balance sheet assets, equity and liabilities, if assets are given liabilities is what we need to calculate the missing is equity.

Thus, $75,000 is treated as equity.

In that case we have,

Assets = Equity + Liabilities

$107,000 = $75,000 + Liabilities

Assets - Equity = Liabilities

$107,000 - $75,000 = Liabilities

$32,000 = Liabilities

Therefore, correct option is

a. liabilities are $32,000

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3 years ago

Investments in debt securities that the company actively manages and trades for profit are referred to as short-term debt invest

boyakko [2]

Answer: c. trading securities.

Explanation:

Trading securities are short term debt securities that a company buys in order to make a profit in that short term period. They actively manage and trade these securities and then trade them for profit.

It is an excellent way to gain return for any excess cash that the business has and they only invest in such things when they believe that there is a good chance of profit being made.

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3 years ago