Answer:
This is false. The TV network is able to limit how often commercials and advertisements are played on their network channel.
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
Answer:
The correct answer is same as the profits of a purely competitive firm.
Explanation:
A monopolistic market is characterized by a large number of sellers producing differentiated products which are close substitutes. This market has a relatively easier entry as compared to a monopoly market.
In the long-run when a monopolistic firm will be earning a positive profit. It will attract other firms to join the market. As new firms enter the market, the market supply will increase. A rightward shift in the market supply curve will cause the price level to decline. This will continue till all the profits decline to zero.
So, similar to a purely competitive firm, a monopolistic firm also earn zero economic profit in the long run.
So people will want to buy it. The owner will still gain money but not as much if the products had sold to begin with
Answer:
$254
Explanation:
First we must calculate the employee's remaining taxable portion = wage base - year to date earnings = $118,500 - $114,400 = $4,100
Then we multiply the employee's remaining taxable portion times FICA-OASDI tax rate = $4,100 x 6.2% = $254.20, we round down to the nearest dollar = $254
