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3 years ago

Which is not true for a monopolistically competitive industry?

Business

1 answer:

lesya [120]3 years ago

7 0

Answer:

Option (D) is correct.

Explanation:

In a monopolistically competitive industry, there are many firms which are selling similar products but products are not perfect substitutes. They generally have no control over the market price of the commodity.

Monopolistic competitive firms facing a downward sloping demand curve. Each of firm in this market condition is having a normal profit in the long run and no firm can earn economic profit.

These firms operate with a excess capacity because of the occurrence of zero profit tangency equilibrium. That's why the firms in this market are generally having the capability to produce larger amount of output at a lower average cost than the firm's current production level.

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Who is the government attempting to help by enforcing fraud laws?

Naddika [18.5K]

Answer:

B. Consumers

Explanation:

In business, consumers are the most vulnerable groups. Governments have enacted fraud laws to safeguard the rights of consumers. As enterprises seek profits, the laws seek to hold sellers accountable for the products or services they provide.

The laws provide mechanisms for consumers to fight back against abusive business practices. If unchecked, sellers may take advantage of consumers' ignorance and low bargaining power.

8 0

2 years ago

Hyun's Handicrafts is a company that provides custom linens for both businesses and individual consumers. Hyun does not make any

Tom [10]

Answer:

Pull Strategy

Explanation:

The Pull Strategy is a marketing strategy which consists in having the customer seek the product by himself or herself.

The goal is to create consumer demand before kickstarting production.

In this case, we have a perfect example of a pull strategy, because Hyun will not start production unless it has proof of demand from a customer, the proof being a order.

8 0

3 years ago

What is a written plan of action, developed prior to executing a mission, which will improve your chances of successful evasion

olga nikolaevna [1]

Answer:

The correct answer is "Evasion plan of action"

Explanation:

The evasion plan of action (Epa) is used to predict the chances of succesful situations, actions and movements of the opposition. If you know it, you could generate an advantage.

5 0

3 years ago

Read 2 more answers

At the end of the current year, the accounts receivable account has a debit balance of $999,000 and sales for the year total $11

Pavel [41]

Answer:

A.$28,325

B.$56,700

C.$56,650

D.$46,700

Explanation:

A.Record adjusting entry for bad debts on estimated percentage of sales as shown below:

Dr bad debt expenses$11,330,000× 1%×(1/4) $28,325

Cr Allowance for doubtful accounts $28,325

B.Record adjusting entry for doubtful accounts based on aging of accounts as shown below:

Dr Bad debt expense ($43,200+$13,500) $56,700

Cr Allowance for doubtful accounts $56,700

C.Record adjusting entry for bad debts on estimated at 1/2 of 1% of sales.

Dr bad debt expenses$11,330,000× 1%×(1/2) $56,650

Cr Allowance for doubtful accounts $56,650

D.Dr Bad debt expense ($53,100- $6,400) $46,700

Cr Allowance for doubtful accounts $46,700

3 0

3 years ago

"Which of the following is a support activity in a firm's value chain? A) Inbound logistics B) Operations C) Sales and marketing

Pepsi [2]

Answer:

The technology is a support activity in a firm's value chain.

Explanation:

Value chain analysis means the analysis which adds the value to the organization. It can be categorized in two activities - primary activities and support activities. This value chain analysis is propounded by Porter.

The primary activities includes inbound & outbound logistics, operations, Marketing & sales and service whereas support activities includes firm infrastructure, human resource management, technology , and procurement.

Thus, the technology is a support activity in a firm's value chain.

4 0

3 years ago