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Helga [31]
3 years ago
9

only a monopolistically competitive firm operates at its efficient scale. both a perfectly competitive firm and a monopolistical

ly competitive firm operate at their efficient scale of production. neither a competitive firm nor a monopolistically competitive firm charges a markup over marginal cost. only a perfectly competitive firm operates at its efficient scale.
Business
1 answer:
irinina [24]3 years ago
3 0

Answer:

Correct Answer:

only a monopolistically competitive firm operates at its efficient scale.

Explanation:

In a given market, a given organization or firm could operate either in a monpolistically competitive or perfectively competitive at its efficient scale. However, in the long run, only a monopolistically competitive firm operates at its efficient scale.

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When a firm operates under conditions of monopoly its price is:?
Amiraneli [1.4K]
Havent you played monoply?
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3 years ago
Tomas increased his consumption of potato chips when the price of pistachios increased. For Tomas, potato chips and pistachios a
mixer [17]

Answer: A. substitutes in consumption.

Explanation:

The substitutes in consumption are products that can be replaced by others and satisfy the same desires or the same need. They respond to the buyer's need to consume a product whose price increases or can no longer purchase it.

<em>For example,</em> in this case, Tomas can no longer acquire pistachios (which are a snack) because increased in price, therefore the potato chips are replacing the pistachio as a snack because it is cheaper.

<em>I hope this information can help you.</em>

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3 years ago
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6 0
3 years ago
Reagan Corp. acquired one hundred percent of Ford Inc. on January 1, 2016, at a price in excess of the subsidiary's fair value.
Artyom0805 [142]

Answer:

B. $497,000

Explanation:

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Less: excess depreciation                          <u>-$33,000  </u> ($110,000/10*3)

Consolidated balance of equipment        <u>$497,000</u>

3 0
3 years ago
Charlie’s utility function is ????(x????,x????) = x????x????. The price of apples used to be $1, the price of bananas used to be
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Answer:

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Explanation:

The detailed analysis and step by step calculation is as shown in the attached files.

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3 years ago
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