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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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Stopping a vehicle with good brakes from 20 miles per hour under good conditions requires about:
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About 40 jewls of power in the other direction 

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3 years ago
Gulf Coast, a wholesale shrimp distributor, groups its customers by regions in the United States, such as Midwest, Northeast, an
liq [111]

Answer:

Geographic location.

Explanation:

Market segmentation is a process of grouping customers in markets with some heterogeneity into smaller, more similar or homogeneous segments with similar requirements and buying characteristics.

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8 0
3 years ago
An increase in an effective maximum legal price will do what to prices and quantities actually sold in a market? Prices will ___
babunello [35]

Answer:

The answer is A

Explanation:

An increase in an effective maximum legal price will do what to prices and quantities sold in a market?

A maximum legal price is an effective tool to control prices. Usually, the price is below its equilibrium. An increase in the maximum legal price will increase prices and the quantities sold will decrease. When prices go up, companies offer more quantities of a product, but consumers demand less.

6 0
3 years ago
Yard Tools manufactures lawnmowers, weed-trimmers, and chainsaws. Its sales mix and unit contribution margin are as follows.
PSYCHO15rus [73]

Answer:

Instructions are listed below.

Explanation:

Giving the following information:

Sales Mix Unit Contribution Margin

Lawnmowers 20 % $32

Weed-trimmers 50 % $24

Chainsaws 30 % $45

Break-even point (units)= Total fixed costs / (weighted average selling price - weighted average variable expense)

Break-even point (units)= 4,944,500/ ( 0.20*32 + 0.5*24 + 0.30*45)

Break-even point (units)= 155,000 units

Each product:

Lawnmowers= 0.20*155,000= 31,000

Weed-trimmers= 0.50*155,000= 77,500

Chainsaws= 0.30*155,000= 46,500

5 0
3 years ago
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