1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
stellarik [79]
3 years ago
5

If monopolistic competitors must expect a process of entry and exit like perfectly competitive firms, Group of answer choices

Business
2 answers:
Colt1911 [192]3 years ago
6 0

Answer:

D. they will be unable to earn higher-than-normal profits in the long run.

Explanation: A monopolistic competition is a form of imperfect Competition where many firms that are located within a give market are known to offer similar products to the markets that are not enough to qualify them as a perfect close Substitute (the Purchase of one of the close Substitute does not necessarily prevent the purchase of another). in this type of imperfect Competition the possibility of a barrier to entry or exit is generally low.

melamori03 [73]3 years ago
6 0

Answer:

D. They will be unable to earn higher than normal profits in the long run.

Explanation:

To begin, it is important to understand the concept of monopolistic market. Monopolistic market is premised on the idea that only one firm is providing a particular goods and services in the market. With this, the monopolistic firm simply call shots as prices, demand and supply, profits earned are determined by their actions and inactions.

Thus, from the scenario, we are told there would be free entry and exit into the industry - a reminiscent of those found in the perfectly competitive market.

The implication of the foregoing is that, by allowing the above just as it is obtainable in a perfectly competitive market, we've diluted the monopolistic nature of the firm. The firm therefore will not be the only one to dictate the price and earn an unwholesome profit.

From the option enlisted, option D aptly captures the turn of the market and the attending experience of the firm.

You might be interested in
In a push based system of distribution which relies on selling to customers through a sales force and retail partners, managers
Elanso [62]

Answer:

a) channel members.

Explanation:

A push-based distribution system can be defined as one whose production plan is directed from management to the market, where products are sent through a channel until they reach retailers, and then to the final consumer.

Therefore, managers direct their promotional efforts more towards channel members, so that the path that the product goes through to reach the final consumer is effective so that the product arrives in the right way, in the right quantity and at the right time to the consumer. Effective management of the company 's distribution channel helps to reduce costs, reduce delays, speed up the capacity to meet demand, increase customer satisfaction, etc.

6 0
3 years ago
Who invented the smart phone
Anika [276]
Rob Stohard invented the smartphone
6 0
3 years ago
Which of these is a critical interaction in the hotel industry?
AveGali [126]
Answer: B
hope this helps :)
7 0
3 years ago
Create a bulleted list of four possible interests a person could have.
LUCKY_DIMON [66]

Answer:

  • Volunteer Work/Community Involvement
  • Child Care
  • Club Memberships
  • Traveling

8 0
3 years ago
A corporation is incorporated in only one state regardless of the number of states in which it operates.
k0ka [10]

Answer:

(A) True

Explanation:

A corporation just requires a basic incorporation state, through which the legal identity of its incorporation is created. After that it does not require to incorporate in all the states where the business is being conducted.

As per the law, there shall be at-least a different legal identity then that of the individual to conduct such business. Law does not demand separate incorporation.

Thus, the above statement is

True.

5 0
3 years ago
Other questions:
  • On January 1, a company issued and sold a $400,000, 7%, 10-year bond payable, and received proceeds of $396,000. Interest is pay
    8·1 answer
  • Helena corporation declared a 2-for-1 stock split on 8,000 shares of $6 par value common stock. if the market price of the stock
    9·1 answer
  • One of the ways that restaurants often adapt their product offerings to address changes in competition is to ____________.
    8·1 answer
  • Assume the United States can use a given amount of its resources to produce either 20 airplanes or 8 automobiles and Japan can e
    6·1 answer
  • LoRider Wheels sells high-quality bicycles and accessories. The store is known for a pleasant environment, friendly salespeople
    9·1 answer
  • In​ 2007, Newmarket Inc. set as its annual production goal the manufacture of​ 125,000 units. By​June, the economy had declined
    6·1 answer
  • When you receive your monthly credit card statement, the balance refers to the
    11·2 answers
  • John (45) and Cynthia (46) are married, and they will file a joint return. During the year, they earned investment income consis
    8·1 answer
  • How should I persuade someone to buy my donuts, like what should I say to convince them to buy one or two
    9·2 answers
  • Why were trade unions established​
    8·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!