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lara [203]
3 years ago
11

When a price ceiling is​ imposed, the price system is prohibited from rationing the product in the market in which the ceiling w

as imposed. What other alternative rationing methods are available to determine who receives the scarce​ commodity?
Business
1 answer:
padilas [110]3 years ago
7 0

Answer:Queuing, Favoring customers, and ration coupons

Explanation: Price ceiling is a price control mechanism used by Government and price regulators to control the market price of a product or services, price ceiling is the price of a product above which no manufacturing company or marketer is expected to sell any Product.

Rationing methods are methods used to control the sale or availability of the product to the consumer.

Queuing is rationing method which is based on the first come first serve, everyone is served According to the time he or she comes or signify interest.

Favouring Customers is.anotjer rationing technique it gives certain Customers some prevelegd based on some conditions.

Ration coupon is used to specify which Quantity can be issued to a customer at a given time.

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For a monopolistically competitive firm, at the profit-maximizing quantity of output, a. price exceeds marginal cost. b. margina
Damm [24]

Answer:

<h2>The answer in this case would be option a. or price exceeds marginal cost.</h2>

Explanation:

  • Monopolistic competition is a particular type of market structure where multiple or many firms or companies are producing and selling differentiated or heterogeneous products or services.
  • A monopolisticially competitive firm maximizes its profit by producing the output level at which the marginal revenue or the additional or incremental revenue obtained from selling one more unit of output is equal to the marginal cost or the additional or incremental cost or expense incurred by the firm or company to produce that one more unit of the output.
  • The monopolistically competitive firm charges per unit price of the output which is equal to the demand for any particular product or service in the market and higher than both marginal revenue and marginal cost or above the point where both are equal.Hence,the price charged by the monopolistically competitive firm is higher than both marginal cost and marginal revenue of production.
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3 years ago
Which choice gives a reason that property rights must be protected in a market economy?
Paha777 [63]

I believe the correct answer from the given choices is:

C. Producers must be ensured that they will be able to sell their products and keep their revenues

 

Producers are given the freedom or right to sell their product. They are protected by laws in a market economy.

8 0
3 years ago
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Departmental income can be considered the contribution of revenues to profits because it is computed after deducting the direct costs of providing the service or product. Subtracting all of the undistributed operating expenses from total revenues results in gross operating profit per available room (GOPPAR).
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