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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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3 years ago
A company that loans money to an organization is a(n):______.a. supplier.b. lender.c. shareholder.d. investor.
fomenos

Answer:

lender.

Explanation:

A lender is an individual or company that makes funds available another com[any. Lenders receive fixed payments based on a predetermined rate at an agreed time.

A shareholder is the owner of a company. A shareholder is a person who buys the stock of a publicly traded company

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3 years ago
One of the largest expense categories for most businesses is:__________A) advertisingB) research and developmentC) payrollD) pro
kiruha [24]

Answer:

C) payroll.

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Expenses can be defined as the amount of cost that is being incurred in the generation of revenue and smooth operations or running of a business by an organization or business firm. There are basically two (2) types of expenses associated with business and these are; operating and non-operating expenses.

One of the largest expense categories for most businesses is payroll. A payroll can be defined as a comprehensive list of employees working for an organization and are eligible to receive wages, as well as the amount of money that they are entitled to receive. It constitutes about 70% of an organization's total expense or overhead.

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3 years ago
Word feature that is used to change the amount of blank space between lines of text
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How can the management of an organization contribute to a safety and health training program? What types of things can safety ma
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