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a a perfectly competitive industry faces a horizontal straight line demand curve whereas a monopoly faces a downward sloping dem

Leya [2.2K]

It is true that a perfectly competitive industry faces a horizontal straight line demand curve whereas a monopoly faces a downward sloping demand curve.

<h3>What is competitive market?</h3>

A perfect competitive market has a straight line graph on the demand of goods and services this means that the goods are sold at the market price. Monopoly market price are not regulated hence the curve is not straight.

Therefore, It is true that a perfectly competitive industry faces a horizontal straight line demand curve whereas a monopoly faces a downward sloping demand curve.

Learn more on competitive market below

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5 0

2 years ago

A retained earnings appropriation is a restriction of retained earnings by

Solnce55 [7]

the answer is C. the board of directors

7 0

3 years ago

Researchers have found that during the last recession, when income fell by 6 percent, many fast-food restaurants saw their sales

vesna_86 [32]

<span>Income elasticity is obtained by dividing the percentage change in the quantity demanded of a product with by the percentage change in income. </span>

When income fell by 6 per cent and sales of many fast food restaurants increase by 8 per cent, then the income elasticity for fast food would be:

8/-6 = -1.33

When income fell by 6 percent and sales of soda decreased by 12 percent, then the income elasticity for soda would be

3 0

3 years ago

In 2019, Wildhorse Company had a break-even point of $244,000 based on a selling price of $5 per unit and fixed costs of $97,600

Luden [163]

Answer:

unitary variable cost= $3

contribution margin ratio= 0.4

Explanation:

Giving the following information:

break-even point= $244,000

the selling price= $5 per unit

Fixed costs of $97,600.

First, we need to calculate the contribution margin ratio, we will use the following formula:

Break-even point (dollars)= fixed costs/ contribution margin ratio

244,000= 97,600/contribution margin ratio

contribution margin ratio= 97,600/244,000

contribution margin ratio= 0.4

Now, we can calculate the unitary variable cost:

contribution margin ratio= (selling price - unitary variable cost)/seling price

0.4= (5 - unitary variable cost)/5

2= 5 -unitary variable cost

unitary variable cost= 3

7 0

3 years ago

The franchise agreement: must be approved by the Securities and Exchange Commission (SEC) guarantees that the franchisee will ma

Reika [66]

Answer:

The franchise agreement is the contract that details the terms of the franchise

Explanation:

A franchise agreement is a legally binding document that outlines a franchisor's terms and conditions for a franchisee. Every franchise is governed by these terms, which are generally outlined in a written agreement between both parties.

In actuality, most franchise agreements are for an initial term of 10 to 20 years, and most franchisees leave before that term is completed.

The franchise agreement will designate the territory in which you will operate and outline any exclusivity rights you may have as well as spell out the royalty fees, franchise fee, trademark and mode of operations.

4 0

3 years ago