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Sergeu [11.5K]
3 years ago
8

A monopolistically competitive industry is characterized by a. many firms selling products that are similar but not identical. b

. many firms selling identical products. c. a few firms selling products that are similar but not identical. d. a few firms selling highly different products.
Business
1 answer:
UNO [17]3 years ago
7 0

Answer:

A monopolistically competitive industry is characterized by

a. many firms selling products that are similar but not identical.

Explanation:

A monopolistic competition is a form of imperfect competition with many firms operating in the industry.  For such an industry, the goods or services are differentiated, such that one firm's goods or services can easily be associated with the producer.  This is mostly achieved through branding and the use of trademarks.  Each firm, therefore, competes with many other competitors, but they limit their competition by differentiating their products so that consumers would have preference for one against the other, depending on their perceived value.

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xz_007 [3.2K]

Answer:

The economic surplus will decrease by $2.20

Explanation:

$81.40 and $79.20 are <em>marginal </em>cost and benefit, which are the changes to total costs and total benefits due to producing and consuming one additional barrel of oil.

They can be used to calculate <em>change </em>to economic surplus, which is the change to the net economic value received by society, which is given by:

marginal benefit - marginal cost = $79.20 - $81.40 = - $2.20

7 0
3 years ago
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Veseljchak [2.6K]

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Explanation:

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The first sentence serves as an introduction which talked about the reasons why duties should be divided based on each member’s expertise. The sentences moved smoothly and also logically from one sentence to another sentence. An example is the sentence that “if your company does not have a public relations executive…..”. This should logically proceed the sentence that says that communication ought to be overseen by the director of PR.

This shows that the third option possesses a consistent and logical train of thought as well.

3 0
3 years ago
You want to invest in a project in LaLaLand. The project has an initial cost of LLL 757,000 and is expected to produce cash infl
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Answer:

194,112.8

Explanation:

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= -757,000 + 396,000 × 2.4018

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= 194,112.8

Therefore for computing the net present value we simply applied the above formula.

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3 years ago
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aivan3 [116]
Idk never heard of this before
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a

8 0
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