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Norma-Jean [14]
3 years ago
11

Monopolistically competitive firms: a will set price where MC > MR. b earn a positive economic profit if price is greater tha

n ATC. c engage in collusive activity in order to maximize profit. d are regulated by the government to keep long-run economic profits equal to zero. e are very similar to perfect competitors in producing at the minimum ATC.
Business
2 answers:
Nesterboy [21]3 years ago
3 0

Answer:

Monopolistically competitive firms are regulated by the government to keep long-run economic profits equal to zero.

Explanation:

Monopolistic competition is a type of imperfect competition with many sellers selling similar, but not identical products and there are not perfect substitutes.

In the short​ run, a monopolistically competitive firm will select the rate of output where marginal revenue equals marginal cost. In the long-run monopolistically competitive firms are regulated by the government to keep long-run economic profits equal to zero.

GaryK [48]3 years ago
3 0

Answer:

B) earn a positive economic profit if price is greater than ATC.

Explanation:

Monopolistically competitive markets are not monopolies, they are markets will many suppliers that provide differentiated products, e.g. restaurants.

In order to maximize their accounting profits, they must sell their products at a price where marginal revenue (MR) = marginal costs (MC). Monopolistically competitive firms do not produce at minimum average total cost, because they generally operate with excess capacity. Excess capacity = quantity produced at minimum ATC - quantity that yields the greatest profits (MR = MC).

Monopolistically competitive firms can earn economic profit if their price is higher than ATC.

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The IS curve represents Select one: a. the single level of output where financial markets are in equilibrium. b. the combination
iragen [17]

Answer:

D. the combinations of output and the interest rate where the goods market is in equilibrium.

Explanation:

The IS curve means investment-savings curve.

The IS curve is the combinations of output and the interest rate where the goods market is in equilibrium.

It is a curve which shows the different combinations of income (Y) and the real interest rate (r) such that the market for goods and services is in equilibrium.

This means that, every point on the IS curve is an income/real interest rate pair (Y,r) such that the demand for goods is equal to the supply of goods(Qs=Qd) or equivalently, the desired national saving is equal to desired investment.

7 0
3 years ago
Read 2 more answers
In a 1960s movie, an heiress sends out thousands of letters to shareholders in an attempt to have them vote for her and for the
Vitek1552 [10]

Answer:

The kind of corporate takeover technique implemented in the film is proxy fight.

Explanation:

A proxy fight is termed as a technique where two corporate factions ask the stakeholders for the proxy votes such that the right of voting is transferred.

In this case both the parties, the heiress as well as the opponent is asking for the right of vote from  stakeholders so that they can decide the corporate future. This is the key feature of the proxy fight and thus this is the correct option.

6 0
3 years ago
You are the manager of a clothing store. You must decide how many of your employees to put on the sales floor, and how many to p
Fiesta28 [93]

Answer:

c. 60 on the sales floor, 24 on the register.

Explanation:

Given that

The total number of employees to manage is 84

and w assume that the no of employees on the sales floor after having division be x

also the given condition is that there should be minimum of 2 employees for every 5 employees that worked on the sales floor

So that means

x ÷84 = 5 ÷ (5 + 2)

after solving this x = 60

So the no of employees on register is

= 84 - 60

= 24

7 0
2 years ago
You saved $500 in currency in your piggy bank to purchase a new laptop. The $500 you kept in your piggy bank illustrates money’s
otez555 [7]

Answer:

The answer to the three fill in the banks as per order given in question are- store of value , unit of account , medium of exchange.

Explanation:

When $500 are kept in piggy bank to buy laptop, it illustrates the store of value function of money. This is a function where money is kept or stored to purchase some item in the future, given money doesn't lose its purchasing power .

The $500 price of laptop shows the unit of account function of money , where money is the standard numerical of measurement for the goods and services or any other transaction in the market.

The $500 which was used to buy the laptop shows the medium of exchange function of money , where money is used as intermediary for exchange of goods and services.

7 0
2 years ago
In some games, one player or firm moves first and commits to a strategy to which the rival player or firm will subsequently resp
Leni [432]

Answer:

C. sequential games.

Explanation:

Game theory is the learning of analytical types of mediation, ambivalence, and interaction between people, corporations, and governments. In-game theory, a sequential game means any game where an individual contestant picks their move before rest of the performers pick theirs. Importantly, the following performer's necessity has fascinating erudition regarding the first's selection, contrarily, the variation in period would have no strategic effect.

8 0
3 years ago
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