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In the long run, profits in a monopolistically competitive market are zero because: a. of government regulations. b. of collusio

zvonat [6]

Answer:

c. firms are free to enter and exit the market.

Explanation:

A monopolistically competitive market is a market in which there are a lot of organizations that sell products that are similar and it tends to be easy to enter and leave the industry. Because it is easy for a company to enter the market and there is a lot of competition, in the long run the economic profit is zero. According to this, the answer is that in the long run, profits in a monopolistically competitive market are zero because firms are free to enter and exit the market.

The other options are not right because a monopolistically competitive market has zero profits because of its low entry barriers and amount of competitors not because of government regulations or an illegal agreement between organizations to control competition. Also, in a monopolistically competitive market the products are similar.

6 0

3 years ago

The Excellent General Store in City B sells a variety of outdoor clothing items and equipment and several food products at its m

Lyrx [107]

Jenobli 69 21 savage equals no p

6 0

4 years ago

Management science stresses the use of rational, science-based techniques and mathematical models to improve _____.

ANEK [815]

Answer:

Decision making and strategic planning

Explanation:

Management science refers to a science that helps handling the activities of an organization to accomplish established goals with the use of scientific methods. In order to reach their objectives, companies need to plan the strategies they are going to use and make sound decisions based on careful research and analysis of data to solve problems. For this, companies tend to use different techniques and mathematical models that help them to have a better understanding of the company situation and discover the right path to be successful. According to this, the answer is that management science stresses the use of rational, science-based techniques and mathematical models to improve decision making and strategic planning.

5 0

4 years ago

Salud Company reports the following information. Use the indirect method to prepare only the operating activities section of its

Ray Of Light [21]

Answer:

The Net cash is 436.000

Explanation:

To get net cash flow using the indirect method we must make adjustments to the net income.

It depends on the account if it is added or subtracted to net income

In this case,

Net income 400.000

Adjustment to reconcile the net income to cash

- Accounts receivable increase (40.000)

+ Depreciation expense 80.000

+ Prepaid expenses decrease 12.000

- Gain on sale of machinery (20.000)

+ Accounts payable increase 6.000

- Wages payable decrease (2.000)

Net cash 436.000

4 0

3 years ago

A business made some changes to its processes, and its productivity increased by 25%. If it previously was able to produce 10, 0

iVinArrow [24]

Answer:

D. 25,000

Explanation:

Initially, with an investment of $8,000, the business was able to produce 10,000 units of products.

Changes were made and productivity increased by 25%.

25% of 10,000 = 25/100 x 10,000 = 2,500 units

Which means with an investment of $8,000, 12,500 units of products can now be produced.

Now, the business doubled its investment. This means that the units of products produced will also doubled:

12,500 x 2 = 25,000 units.

Hence, the correct option is D.

6 0

4 years ago

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