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azamat
3 years ago
15

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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The production possibilities curve:
jekas [21]

Answer:

The correct answer is letter "B": is a frontier between all combinations of two goods that can be produced and those combinations that cannot be produced.

Explanation:

A variety of answers to the question: <em>"What is our optimum production capacity?"</em> solves the Production Possibility Frontier (PPF). Increased output requires job creation and the best efficient use of resources. This maximizes the labor force available and reduces the services that are not used.  

<em>Plotted in a graph, PPF reflects the possible combinations an organization has and how to optimize output as well as what combinations are not to be produced.</em>

7 0
3 years ago
Claudia and Dayson are upper-level managers working for the same company, but they are located in different countries and come f
Blababa [14]

The correct answer is B) ) Dayson is from a high-context culture, and Claudia is from a low-context culture.

Explanation:

The term "high-context culture" is used to refer to cultures in which implicit communication, nonverbal elements, and context are important factors of communication. This implies many words and expressions in these cultures do not have a literal meaning. According to this, it is likely Dayson is from a high-context culture, considering he focused on the implicit message in Jorge's words rather than considering the message was literal.

On the other hand, in "low-context culture" elements such as implicit meaning or context are not frequently used, this means, most communication is literal and explicit. This shows Claudia is from a low-context culture because rather than thinking Jorge's answer was just a formalism or irony, she interpreted the message literally.

4 0
3 years ago
Roasters Corporation and Outdoor Barbecues, Inc., enter into a contract for a sale of a commercial grill. The contract requires
vekshin1

Answer:

A) Roasters delivers the goods to Speedy

Explanation:

Risk of loss under the law of contracts is used to determine which party should bear the burden of risk for damage occurring to goods after the sale has been completed, but before delivery has occurred. This is normally used after the contract is formed but before buyer receives goods, something bad happens.

  1. The breaching rule applies risk of loss on the seller if at the time of delivery, the goods show up broken.
  2. Risk of loss shifts from seller to buyer at the time that seller completes its delivery obligations
  3. For a destination contract, then risk of loss is on the seller
  4. For a delivery contract, then risk of loss is on the seller
  5. if the seller is a merchant, then the risk of loss shifts to the buyer upon buyer's "receipt" of the goods. If the buyer never takes possession, then the seller still has the risk of loss
8 0
4 years ago
The Whistling Straits Corporation needs to raise $64 million to finance its expansion into new markets. The company will sell ne
Nataliya [291]

Answer:

<u>Hence $21,700,000 shares are to be sold to raise the needed funds.</u>

Explanation:

Per-share offer price of company = $60, which includes company's underwriter spread of 5%

So, actual realization to company on $60 per share = (1 - 0.95) * 60

Actual realization to company on $60 per share = $ 3

To raise $64 million company also needs to cover administrative expenses of $1.2 million

So,

Total number of shares sold(in million) = (64 + 1.2)/3

Total number of shares sold = 21,700,000 shares

8 0
4 years ago
Which type of leaders acts as an “information centre and exercises minimum control?
Grace [21]

Answer:

Explanation:

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3 0
3 years ago
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