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MaRussiya [10]
2 years ago
13

If in the short run, firms in monopolistic competition _________, new firms will enter the market.

Business
1 answer:
alukav5142 [94]2 years ago
7 0

If in the short run, firms in monopolistic competition make an economic profit, new firms will enter the market.

A firm is a for-profit business organization—such as a company, limited liability company (LLC), or partnership—that provides skilled services. Most companies have only 1 location.

Companies during a monopolistic competition build economic profits within the short run, however within the long-standing time, they create zero economic profit. The latter is additionally a result of the liberty of entry and exit within the trade. Restaurants, hair salons, home items, and clothing are examples of industries with monopolistic competition.

To learn more about Firm here

brainly.com/question/15968468

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A company earned $7,605 in net income for October. Its net sales for October were $19,500. Its profit margin is:
vivado [14]

Answer: 39%

Explanation:

From the question, we are informed that company earned $7,605 in net income for October and that its net sales for October were $19,500.

To calculate its profit margin, we have to divide the net income by the net sales. This will be:

= 7605/19500

= 0.39

= 39%

3 0
3 years ago
Corporations have limited liability, but lose ultimate control of corporate assets to the ______________ ..
Vinil7 [7]

Answer:

Stockholders

Explanation:

Stockholders are the owners of a company.  As owners , stockholders have voting rights in the company.  Shareholder elects directors who represent them on the board of directors. Each share is equivalent to one vote.  The board members recruit top management of the company. The board provides policy guidelines, makes critical decisions, and supervises senior management.

By electing board members, shareholders influence the management of the business. Should the stockholders be unhappy with the way the company is being managed, they can vote out the current director and elect new ones. The new directors then appoint fresh managers. In this way, shareholders maintain control of the assets of the company and its assets.

5 0
3 years ago
Owen Company makes a product that sells for $61 per unit. The company pays $37 per unit for the varlable costs of the product an
DerKrebs [107]

Answer:

25%

Explanation:

the formula for the margin of safety is as follows

margin = current sales level -breakeven point/ current sales level x 100

expected sales unit = 20,000 units

the break-even point is fixed costs/contribution margin

fixed costs= $360,000

contribution margin = sales price- variable costs

=61-37

=24

breakeven point = $360,000/ 24

=15000

the margin of safety =  20,000-15,000/20,000 x 100

=5000/20000 x 100

=25%

7 0
3 years ago
At Infosoft Solutions, employees are encouraged to take care of their problems by working with one another and with customers, u
likoan [24]

Answer: Decentralized

Explanation: In a decentralized organisation, the seniors in the organisation transfers the authority and responsibility to their subordinates.

This is done by the seniors with the objective of effective running of operations within. The employees in such organisations usually remain more motivated than others.

In the given case, Infososft is encouraging their employees to take their own decisions while dealing with customers. Hence the transfer of authority for decision making is evident.

From the above we can conclude that the correct option is A.

6 0
3 years ago
How will an increase in the percentage of older Americans affect the healthcare field
denis-greek [22]
In Economic theory, we learn that generally, the more older people there are, there is an increase in the demand of healthcare. As a result, the increase in demand for healthcare may increase prices and cause a higher demand for doctors and nurses.
5 0
3 years ago
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