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
Neporo4naja [7]
2 years ago
11

Both perfectly competitive and monopolistically competitive firms charge a price equal to marginal cost.

Business
1 answer:
natita [175]2 years ago
6 0

Both perfectly competitive and monopolistically competitive firms charge a price equal to marginal cost   True

What is a perfect competitive firm?

A perfectly competitive firm is a price taker, which means that it must accept the equilibrium price at which it sells goods. If a perfectly competitive firm attempts to charge even a tiny amount more than the market price, it will be unable to make any sales.

What is the advantage of perfect competition?

Markets experiencing perfect competition have very low barriers to entry. The advantage is for both customers and the total industry. There will be new entrants in the market which brings healthy competition to the industry. Also, consumers will not be a risk when a few companies get together and increase their prices.

What is monopolistic competition:

Monopolistic competition exists when many companies offer competing products or services that are similar, but not perfect, substitutes. The barriers to entry in a monopolistic competitive industry are low, and the decisions of any one firm do not directly affect its competitors.

What is monopolistic competition characteristics?

Monopolistically competitive markets have the following characteristics: There are many producers and many consumers in the market, and no business has total control over the market price. Consumers perceive that there are non-price differences among the competitors' products.

Learn more perfectly competition and monopolistic competetion:

brainly.com/question/20379276

#SPJ4

You might be interested in
Maribel is putting the finishing touches on her slide presentation. She wants
AleksAgata [21]

Answer:

B

Explanation:

when she is talking over the slides, some people are not good multi-taskers and want to listen to the more interesting thing, which is the audio.

4 0
3 years ago
Read 2 more answers
If a cost is a common cost of the segments on a segmented income statement, the cost should:_________.
worty [1.4K]

Answer:

the correct answer is

If a cost is a common cost of the segments on a segmented income statement, the costshould:A) be allocated to the segments on the basis of segment sales.

Explanation:

hope this helps u!!!

8 0
3 years ago
Which of the following accounts will give you the LEAST access to your money?
AnnyKZ [126]
I would need to see the following accounts inorder to fully help.
3 0
3 years ago
Read 2 more answers
Ordinary simple interest brings increased revenue to the lender. The general practice
densk [106]

Answer:

Exact = $34.5

Ordinary = $35

Explanation:

Given that :

Principal, P = $1500

Interest rate = 14% = 0.14

Number of days = 60

For exact :

Exact simple interest uses 365 days :

Simple interest = principal * rate * time

Simple interest = $1500 * 0.14 * 60 / 365 = 34.520547 = $34.5

For ordinary simple interest :

Simple interest = principal * rate * time

Simple interest = $1500 * 0.14 * 60 / 360 = $35

6 0
3 years ago
A company determined that the budgeted cost of producing a product is $30 per unit. On June 1, there were 80,000 units on hand,
Alla [95]

Answer:

$10,200,000.

Explanation:

End inventory + Sales - Begin inventory = # of units that need to be produced

# of units that need to be produced @  $30 per = Your answer

4 0
3 years ago
Other questions:
  • Jorge, a forklift truck operator for the retail chain Hanes Ridge, was injured when the forklift he was operating toppled over.
    15·1 answer
  • Your firm offers a 10-year, zero coupon bond (i.e., coupon rate is 0%). The yield to maturity is 8.8 percent. What is the curren
    6·1 answer
  • There are three key reasons for putting the customer into customer solutions in selling: (1) considerable time and effort is nec
    5·1 answer
  • This motion enforces the rules of an organization?
    12·1 answer
  • If you purchase a product from an online retailer, the safest method of payment is
    14·1 answer
  • Firms that specialize in helping companies raise capital by selling securities to the public are called _________.
    5·1 answer
  • John decided to leave his job and open a bookshop in the city center. He was working as an engineer before and getting an annual
    14·1 answer
  • Someone broke into your apartment and stole all of your stuff. Luckily, you
    10·2 answers
  • What are the costs and sources of inefficiency in a barter B apply.) A. Productivity is increased by specialization. B. Each goo
    5·1 answer
  • You are researching a stock currently priced at $35 per share. Call options are currently priced at $3.00, and puts are priced a
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!