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4 years ago

Monopolistic competition is similar to monopoly because

Business

1 answer:

docker41 [41]4 years ago

6 0

Answer:

B. in both industry structures, the firm's demand curve is downward sloping.

Explanation:

Both firm types have a downward sloping demand curve which indicates that as price is increased, quantity demanded falls.

Monopolistic competition have no barriers to entry while a monopoly does.

Monopolistic competition have many sellers while a monopoly has one seller.

Monopolistic competition break even in the long run while monopoly maintain super normal profits in the long run

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In most cases, markets are considered more efficent and better off when monopolies are broken up. Why is it hard for governments

Alexus [3.1K]

Answer:

In simple words, it is hard for governments to break he monopolies as generally as these entities are generally protected by some kind of legal or social convention. A monopoly of an entity that has strategic importance for the nation could be harmful in long run. Also if an individual owns a monopoly due to some patent right etc. then breaking that up will be seen as social injustice.

6 0

3 years ago

"Ceteris paribus" means demand will change when price changesa. no matter what other factors may influence the marketb. if other

Finger [1]

Answer:

The correct answer is option b.

Explanation:

The term Ceteris paribus is a Latin phrase which means holding other things constant.

Ceteris paribus in the law of demand means keeping other market constant, the demand for a commodity will change with change in the price.

The other market factors here are income, population, taste and preferences etc.

3 0

4 years ago

This is not a homework based question, but do you think one day girls will be able to play with the boys in the NFL??

love history [14]

Answer: yes

Explanation: Becaus, girls can play sports, like basketbal. Sports don’t belong to only boys

8 0

3 years ago

Chris owns 70 percent of ABC Corporation. ABC Corporation had acquired land known as Parcel A in 1984 for $68,000 and held Parce

Paraphin [41]

Answer:

ABC

Realized Gain (loss) = ($300)

Recognized Gain (loss) = $0

Chris

Realized Gain (loss) = $8,000

Recognized Gain (loss) = $5,000

Explanation:

Seeing as Chris owns 70% of ABC Corp which is more than 50%, that would make them related parties. As they are related, certain Transaction must be treated differently.

In this scenario for instance, ABC sold Land to Chris, for this reason, they are not allowed to recognize any losses that occur from the sale.

ABC sold the land for $65,000 with a basis of $68,000.

= 65,000 - 68,000

= -$3,000

They REALIZED a loss of -$3,000. However they are not allowed to recognize this loss so the RECOGNIZED cost will be $0.

Chris then sells the land to an unrelated party for $73,000.

Chris's REALIZED GAIN is,

= 73,000 - 65,000 (the new basis)

= $8,000

However, because Chris is related to ABC Corp, he can deduct the original loss from his Realized gain.

= 8,000 - 3,000

= $5,000

Chris's RECOGNIZED gain is therefore $5,000.

4 0

3 years ago

A company is formulating its plans for the coming year, including the preparation of its cash budget. Historically, the company'

Alchen [17]

Answer:

c. $4,025,200

Explanation:

The computation of the total cash receipts from sales and collections in April month is shown below:

= April sales × cash sales percentage + April sales × credit sales percentage × collection month percentage + March sales credit sales percentage × Following month collection percentage

= $4,000,000 ×30% + $4,000,000 × 70% × 40% + $4,200,000 × 70% × 58%

= $1,200,000 + $1,120,000 + $1,705,200

= $4,025,200

Since cash sales are 30% , so the credit sales would be 70%

3 0

4 years ago