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Tasya [4]
4 years ago
9

Who sets the price in a monopolistic competition?

Business
1 answer:
AnnyKZ [126]4 years ago
7 0

Answer:

Producers

Explanation:

Monopolistic competition is a form of market competition where different producers produce goods that are largely different from each other and can not even been used as a perfect substitute for one another.

This gives each producer the opportunity  to decide its prices and output . Prices are always set higher than the marginal costs and the consumer surplus are less compared to a perfectly competitive market , making monopoly competition an imperfect market.

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3 years ago
In a SWOT analysis, increasing gasoline prices would represent a potential __________ for manufacturers of electric cars.
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Explanation:

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3 years ago
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Answer:

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8 0
4 years ago
Identify the accounting assumption or principle that is described below. (a) Belief that a company will remain in operation for
Leviafan [203]

Answer:

(a) Belief that a company will remain in operation for the foreseeable future.

Accounting assumption or principle: Going concern assumption

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Accounting assumption or principle: Economic entity assumption

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Accounting assumption or principle: Monetary unit assumption

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Accounting assumption or principle: Periodicity assumption

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Accounting assumption or principle: Historical cost principle

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4 0
3 years ago
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-Dominant- [34]

Answer:

Regional Production

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3 years ago
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