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nexus9112 [7]
1 year ago
12

Match each inequality or equality to the corresponding term for the monopolistic competitor operating at optimal, short-run prod

uction levels. Drag each item on the left to its matching item on the right. short-run economic profit price = average total cost" price > marginal revenue short-run economic loss price < average total cost" market power price > average total cost (ATC) zero economic profit price > marginal cost markup
Business
1 answer:
klio [65]1 year ago
8 0

Pure monopoly and pure competition are the opposing limiting cases. Monopolistic competition exists between those two.

Monopolistic competition is distinguished by the fact that, despite being closely related to one another, the products of various firms are not all the same but rather differ from one another. As numerous businesses compete to sell their products, there is also a component of competition.

Price=Average Total Cost Total Revenue is equal to total cost so there

                                                is zero economic profit.  

Price>ATC                          It means that firm is earning short run

                                                economic profit.  

Price<ATC                          It means firm is earning Short Run Economic

                                                Loss  

Price> Marginal Revenue  It means firm has market power  

Price>Marginal Cost          Mark up

Learn more about Monopolistic competition, here

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Corrective action is a control principle that states that managers should be informed of a situation only if data show a signifi
OLga [1]

Answer:

Management by exception.

Explanation: It is a management style in business that focuses only on dealing with cases that are beyond the norm or exceptional, It is a good strategy in project management.

The main purpose of this management style is to bring to the notice of the management only important situations that shows variation to the business out.

Advantages of Management by exception.

• It help employees to adopt their own approach to achieve results thereby serving as a motivation to them.

• It helps the management to make good use of their time.

6 0
3 years ago
Read 2 more answers
Write the name of trainings offered by Vocational Training Center​
nataly862011 [7]

Answer:

<h2>Common Vocational Courses</h2><h3>3.1 Healthcare and Social Assistance.à</h3><h3>3.2 Construction Industry.</h3><h3>3.3 The Manufacturing Sector.</h3><h3>3.4 Food Service.</h3><h3>3.5 Accounting and Bookkeeping.</h3><h3>3.6 Cosmetology and Hair Stylists.</h3><h3>3.7 Computer and IT Support.</h3><h3>3.8 Trucking and Transport Industry.</h3>

Explanation:

hope it help brainliest pls

8 0
3 years ago
Investment bankers perform all of the following functions except: a purchase securities from issuers on a principal basis b sell
ArbitrLikvidat [17]

Investment bankers perform all of the following functions except manage mutual funds.

<h3>Who is an investment banker?</h3>

Investment bankers underwrite securities on a firm commitment (principal) basis; and on a best efforts (agency) basis.

Investment banks also advise companies on mergers, acquisitions, divestitures and spin-offs.

Hence, Investment bankers perform all of the following functions except manage mutual funds.

Learn more about investment banker here : brainly.com/question/12301548

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7 0
3 years ago
A management system that coordinates and integrates all of the activities performed by member companies into a seamless process,
ella [17]

Answer:

Supply Chain Management

4 0
4 years ago
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You are the manager of a retail store. Shipments of the products you sell arrive once a week from the central warehouse and you
Tasya [4]

The BEST way to handle the situation is to work with central warehouse to arrange a predictable delivery time. Whereas, the WORST way to handle the situation is to change the delivery system so that goods are delivered only once a month.

So, if you are the manager of a retail store, and the shipments of the products you sell arrive once a week from the central warehouse you need to pull a couple of your workers from inside the store who can unload the shipments. As the truck arrives any time in a day, this creates problem as the workers are not availabe whenever the shipment arrives.

The best way through which one can handle the situation is by working with central warehouse to get appropriate information on the delivery date and so that the workers are made available accordingly. Whereas, the worst way to handle this situation is by changing the delivery system.

Hence, options 2 and 3 are correct.

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5 0
1 year ago
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