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4 years ago

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

Business

2 answers:

Colt1911 [192]4 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]4 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.

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This condition causes people to struggle to sequence the sounds in syllables and words, which means that

Mice21 [21]

The answer is stuttering if not it is tongue tied

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2 years ago

Read 2 more answers

Intel achieved success by using the "Intel Inside" advertising campaign and logo that appears on many brands of PCs. This is an

Anarel [89]

Answer: product differentiation

Explanation:

From the question, we are informed that Intel achieved success by using the "Intel Inside" advertising campaign and logo that appears on many brands of PCs.

This is an example of a barrier to entry which is known as product differentiation. Poduct differentiation is when a company makes its product different from other similar products so that the product will be more attractive and unique from others.

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3 years ago

Gary’s Company produces high quality shirts. Shirts must be well made because of frequent washings. Currently, Gary sells 10,000

grin007 [14]

Answer:

Unless the capacity is expanded or some of the production gets outsource, the offer is not convenient.

Explanation:

Giving the following information:

Currently, Gary sells 10,000 shirts at $60 each with the capacity to produce 11,000 shirts. Gary is considering a special order for 1,800 shirts for $40.

Gary has the following costs:

Unit Costs $200,000

Facility Costs $140,000

If Gary accepts the special order, they will incur an additional $2 per shirt in foreign currency transaction costs.

Because it is a special offer and there is unused capacity, we will not have into account the fixed costs.

variable cost per unit= (200,000/10,000) + 2= $22

Effect on income= (40 - 22)*1,800= $32,400

We have to take into account the loss of not selling 1,000 units.

Effect on income= 1,000*40= $40,000

Total effect= 32,400 - 40,000= $7,600

Unless the capacity is expanded or some of the production gets outsource, the offer is not convenient.

6 0

3 years ago

The manager of an orchard expects about 70% of his apples to exceed the weight requirement for ""Grade A"" designation. At least

kenny6666 [7]

Answer:

D) 356

Explanation:

ME = Z x √[(P x Q) / N]

margin of error (ME) = 4%
90% confidence level (Z) = 1.645 (by convention)
P = 70% of apples exceed Grade A
Q = 30% of apples do not exceed Grade A
N = sample size = ?

0.04 = 1.645 x √[(0.7 x 0.3) / N]

0.04 = 1.645 x √(0.21 / N)

0.04 = 1.645 x 0.458 / √N

0.04 = 0.7538 / √N

√N = 0.7538 / 0.04 = 18.84

N = 18.84² = 355.2 ≈ 356 (there is no 0.2 apples, you must round up)

6 0

4 years ago

Suppose we are a distributor that uses safety stock and a reorder point for inventory management. If we can find a more consiste

Ulleksa [173]

Answer:

The answer is False. By cutting the variance of the demand during lead time to 1/2 its original value while maintaining the same lead times, the new safety stock will also drop to 1/2 its original value.

Explanation:

Safety stock is a form of inventory management that provides an additional unit of an item held as a buffer i order to mitigate risk of running out of stock.

A reorder point provides a buffer of time to restock items when stock is running out. It helps to reduce operational costs and chaos that may arise such as rush fees owed to suppliers. It makes the use of a warehouse space more efficient.

Suppose we are a distributor that uses safety stock and a reorder point for inventory management. If we can find a more consistent manufacturer that will maintain the same mean lead times while cutting the variance of the demand during lead time to 1/2 its original value, the new safety stock that we need to carry to achieve the same service level will also drop to 1/2 its original value.

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3 years ago