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Sergeeva-Olga [200]
1 year ago
5

Which of the following is a characteristic of a monopolistically competitive market? I. There are many sellers. II. Firms sell s

lightly differentiated products. III. Each firm faces a downward-sloping demand curve.
I only
I and II only
II and III only
\I, II, and III
Business
1 answer:
Olegator [25]1 year ago
5 0

Option 3. The characteristic of a monopolistically competitive market is

  • II. Firms sell slightly differentiated products.
  • III. Each firm faces a downward-sloping demand curve.

<h3>What is the monopolistically competitive market?</h3>

When a large number of businesses provide rival goods or services that are comparable but imperfect alternatives, monopolistic competition exists. In a monopolistic competitive industry, entry barriers are low, and actions made by one firm do not necessarily have an impact on other firms.

A market is said to be monopolistic if just one business is allowed to sell goods and services to the general public.

In monopolistic competition, a business disregards the effect of its own pricing on the prices of other businesses and accepts the prices charged by its rivals as given.

Read more on monopolistic markets here: brainly.com/question/25717627

#SPJ1

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Which of the following is an example of a good with elastic supply in the short run?
garri49 [273]

Answer:

my be plastic wrep

Explanation:

because it seems to be elastic and its holds on very well

4 0
3 years ago
The liquidity of a company with significant amounts of obsolete inventory is best measured by the ______ ratio.
Mariulka [41]

<u>Answer: </u>

The liquidity of a company with significant amounts of obsolete inventory is best measured by the inventory turnover ratio.

<u>Explanation: </u>

  • Depending on how functional the inventories are, the ratios of inventory turnover would bulk or shrink.
  • To have a clear picture of the amounts of obsolete inventory, an examination of the inventory turnover ratio would help greatly as it would dispense the necessary comparative data related to all the inventories.
  • The functionality of the inventories can thus be clearly devised from the inventory turnover ratio.
7 0
3 years ago
Both Mia and Mario produce only the item in which they have a comparative advantage. Then they trade one pasta for one pizza. Be
Molodets [167]

The total gains from trade are​ 66 dishes of pasta and​ 66 pizzas an hour.

Explanation:

A calculation of the net income from trade is the amount of the surplus of the customer and the earnings of the manufacturer or, more generally, the enhanced efficiency of the specialization of production with the subsequent export.

Trade gains can also apply to the net benefits of reducing barriers to trade, such as import tariffs, for a region.

To measure the income, take the price at which you sell the investment and deduct from it the price you originally charged for it. Now that you've got the income, split the income by the original value of the investment. Finally, subtract the response by 100 to adjust the percentage of your investment.

4 0
3 years ago
Bramble Corp. purchased land as a factory site for $1305000. Bramble paid $121000 to tear down two buildings on the land. Salvag
AURORKA [14]

Answer:

Part 1

$1,422,940

Part 2

$331,480

Explanation:

cost of the land calculation

Purchase Price                             $1305000

Cost to tear down building             $121000

Sale of Salvages                               ($8400)

Leagl fees                                           $5340

Total                                            $1,422,940

The cost of the land that should be recorded by Wilson Co. is: $1,422,940

cost of the building calculation

Architect's fees               $47000

Insurance                          $3900

Liability insurance            $4200

Excavation cost               $15480

city for pavement             $9900

Borrowing Costs           $251000

Total                              $331,480

The cost of the building should be recorded by Wilson Co. is $331,480

4 0
3 years ago
East Valve Distributors distributes industrial valves and control devices. The Eastern control device has an annual demand of 9,
Mama L [17]

Answer:

1000

Explanation:

Given:

Annual DEMAND, D = 9375

Holding cost, H = 0.75

Cost per order, S = 40

The Economic order quantity :

EOQ = √[(2 * D * S) / H]

EOQ = √[(2 * 9375 * 40) / 0.75]

EOQ = √[(750000) / 0.75]

EOQ = √1000000

EOQ = 1000

5 0
3 years ago
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