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Free_Kalibri [48]
3 years ago
9

If all monopolistically competitive firms had identical cost curves:_________.a. the industry would remain monopolistically comp

etitive because of product differentiationb. short-run profit for each firm would be negativec. long run profit for each firm would be positived. excessive band proliferation would resulte. the industry would become perfectly competitive
Business
1 answer:
Advocard [28]3 years ago
4 0

Answer:

a. the industry would remain monopolistically competitive because of product differentiation

Explanation:

Monopolistic competition pertains to a current market in which it integrates with different firms that are directly connected to one another and that also sell differentiated products. There is also free market entry and exit

In case when it contains the same cost curves so this represents the product differentitation

Hence, the correct option is A.

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A map made to show the distribution of one or more phenomenon is a(n) ________ map.
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Maple Products is a manufacturer of electronic goods that markets its products in several countries across the world. The compan
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C. serviceability

Explanation:

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You view tea and scones as perfect complements, and you prefer to consumer one cup of tea with one scone. Also, your indifferenc
vodka [1.7K]

Answer:

Infinity

Explanation:

In the case when the tea and scones are considered to be the perfect complements also you give preference one cup of tea over the one scone

Plus the indifferent curve with tea should be plotted on the vertical axis

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3 years ago
Berkshire Inc. uses a periodic inventory system. At the end of 2017, it missed counting some inventory items, resulting in an in
ziro4ka [17]

Answer:

d. Assets understated by $670.000, liabilities understated by $234,500 and shareholders' equity understated by $435,500

Explanation:

Assets in Inventory will be understated by $670.000, this will also understate the tax payable to authorities by $234,500 because profits will be understated and equity will be understated by $435,500.

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3 years ago
You estimate that by the time you retire in 35 years, you will have accumulated savings of $2 million. If the interest rate is 8
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Answer:

We can use the present value of an annuity formula to determine the annual distribution. I'm assuming that your distributions will be made in a similar manner to an annuity due (the first payment happens when you retire).

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if instead, the first distribution is received at the end of the first year of retirement, then the annual distribution will be:

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annual distribution = $2,000,000 / 8.55948 = $233,659.05

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3 years ago
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