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DaniilM [7]
3 years ago
12

In the long run, a monopolistically competitive firm will earn: (A) normal profits because economic profits will attract new fir

ms and there are no entry restrictions.(B) economic profits because of product differentiation.(C) economic profits because of entry restrictions.(D) normal profits because costs are high for monopolistically competitive firms.
Business
1 answer:
enot [183]3 years ago
3 0

Answer: Option (A) is correct.

Explanation:

Correct Option: Normal profits because economic profits will attract new firms and there are no entry restrictions.

In a monopolistically competitive market, firms will earn an economic profit in the short run, so new firms attracted with these profits and decided to enter into the market in the long run.

There is no barriers on entry and exit of the firms in the monopolistically competitive market. When new firms enters into the market, as a result supply of differentiated products increases.

This causes the firm's market demand curve to shift leftwards. It will continue shifting to the left in the firm market demand curve till the point where it is nearly tangent to the average total cost curve.

At this point, firms earns zero normal profit and can earn normal profits in the long run same as a perfectly competitive firm.

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When a company issue 27,000 shares of $5 per value common stock,the journal entry for this issuance would include:
a_sh-v [17]

Answer:

1. A debit to cash for $135,000

Explanation:

The complete entries are

1. A debit to cash for $135,000

2. A credit to common stock account for $135,000

6 0
3 years ago
Norma is considering buying a certificate of deposit with the $500 she has in a regular savings account. Explain to her what fac
Molodets [167]

Answer:

The factors she could consider when choosing a certificate of deposit is explained below in detail.

Explanation:

A higher principal should/may obtain a greater interest rate.

A longer-term normally receives a greater interest rate, except in the matter of a modified yield curve.

Smaller businesses manage to offer greater interest rates than higher ones.

Individual CD accounts commonly obtain greater interest rates than business CD accounts.

4 0
2 years ago
What is the first step in amending the Texas Constitution?
kolezko [41]

Answer:

The answer is below

Explanation:

According to Article 17 of the Texas Constitution which is otherwise known as "Mode of Amending the Constitution of This State"

The first step in amending the Texas Constitution is that the Texas State Legislature must make a proposition of the amendment in a joint resolution, involving both the Texas State Senate and the Texas House of Representatives. This joint resolution, however, can emerge in either the House or the Senate.

3 0
3 years ago
Which of the following is an entry strategy in which the organization maintains its production facilities within its home countr
sergejj [24]

Answer:

c. Exporting

Explanation:

Exporting strategy -

It offers the prospective of new markets , better profit , more sales and wider spread of customers .

The strategy can even make the person successful .

The strategy of export is based on the assessment of the position and the research into a promising opportunities .

Hence , from the options given , the most appropriate is the Exporting .

3 0
3 years ago
Why does an organization's management hierarchy impact the organization's information system management?
JulijaS [17]

The organization's management hierarchy impacts the organization's information system management by reducing the need for information processing and communication.

Management Information System plays a very important role in the organization, as it creates an impact on the organization's performance, functions, and productivity.

The information systems have its impact on organizations structure. Thus, an information systems can reduce the number of levels in an organization by providing managers with information to supervise larger numbers of workers.

The information system performs certain important functions such as- coordination, and control, help employees analyze problems, support decision making etc.

Hence, the information system is important to the organization.

To learn more about information system here:

brainly.com/question/13299592

#SPJ4

5 0
1 year ago
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