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RUDIKE [14]
3 years ago
12

Compare and contrast the potential for a perfectly competitive firm and a monopolistically competitive firm to earn positive eco

nomic profits in the short run versus the long run. Explain your reasoning.
Business
1 answer:
Kazeer [188]3 years ago
3 0

Explanation:

There are no deficits or surpluses in terms of output, no obstacles to the entry or exit of businesses on the market, and the number of customers is so high that it is only the economic demand that decides the value of the products in the market. Thus, the reality is that the market is completely open. All producers earn normal profit and both manufacturers and consumers accept the commodity price.

In comparison, a monopoly market competition can be defined as a business environment where one entity or group of companies dominates the supply market and thus controls output factors. In this case, the monopolist decides the price of the goods on the market, as the competition is always strong. Free entry or departure from companies is not allowed in a monopolistic competitive market.

The short-term and long-term production or profitability are the same in the case of a fully competitive market. Since the production factors are often under control and fully meet the demand and supply of the market. In the shorter term and that in the long run, a perfect competition business will see stable and strong economic growth. In the case of a business or corporation which is fully competitive, there is no distinction between the competitors ' profit margins and all companies have the same rate of profit.

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3 0
2 years ago
Why does compound interest earn you a higher annual percentage yield
gladu [14]

The reason compound interest earn you a higher APY on savings account is with compounding you earn interest on the money that has  already earned interest.

With compound interest, interest is earned on the amount of money that has already earned an interest. On the other hand, with simple interest, interest is earned only on the principal.

Imagine that you deposit $100 in a savings account with an interest rate of 10% and annual compounding.

Value of the account in one year = 100 x (1.1) = 110

Value of the account in two years = 100 x (1.1)² = 121

Imagine that you deposit $100 in a savings account with an interest rate of 10% and simple interest.

Value of the account in one year = 100 + (100 x 0.1 x 1) = 110

Value of the account in two years = 100 + (100 x 0.1 x 2)  = 120

To learn more about compound interest, please check: brainly.com/question/7420113

5 0
2 years ago
You are comparing two annuities. Annuity A pays $100 at the end of each month for 10 years. Annuity B pays $100 at the beginning
Liono4ka [1.6K]

Answer:

d. a union representative urging management to avoid a strike by raising wages

Explanation:

The persuasive speaking includes some important elements, its principal objective is to convince the listener about an specific point of view. It may include three principal methods: pathos, ethos and logos.

In this case the Union representative is trying to persuade the management to rise salaries, he can be appealing to Logos strategy. Logos is to use logical arguments to convince the audience, they will be evaluating if the argument of the speaker makes sense.

3 0
3 years ago
_____ buy goods or services they want or need.
strojnjashka [21]

Answer:

Consumers buy goods or services they want or need.

Explanation:

With the alternatives given above, only a customer buys goods or services they want or need while producers produces goods and supply consumers at a specific price. Consumers buys from the producers at a particular price

4 0
3 years ago
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baherus [9]

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Un recargo, pequeño, en el mismo.

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Una cuenta corriente es una cuenta bancaria destinada a depósitos y retiros corrientes, y la utilización de cheques a tales fines. Dado que el uso de cheques como medio de pago ha disminuido a niveles muy bajos, la emisión de cheques ha disminuido y, en ocasiones, se ha abolido por completo. Sin embargo, la cuenta corriente a nombre sobrevive en algunos casos en el habla cotidiana.

El propósito de una cuenta de transacciones es usarse para una gran cantidad de depósitos y retiros. Los términos y condiciones de la cuenta normalmente incluyen el derecho a realizar un número ilimitado de transacciones con los fondos de la cuenta sin ningún tipo de bloqueo u otras medidas de limitación de liquidez. Por otro lado, el banco normalmente ofrece tasas de interés muy bajas o nulas sobre los fondos en circulación.

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