1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
maria [59]
3 years ago
13

1. In general, monopolistically competitive firms earn profits

History
2 answers:
valina [46]3 years ago
7 0

Answer:

Among the options given on the question the correct answer is option C.

Slightly above their costs in the long run.

Explanation: The monopolistic competitive firms are those who produce the similar products and service but without perfect substitute. The monopolistic firms are closely related with the business strategy of brand differentiation. Basically, the monopolistic competition is the combine of monopoly and perfect market. The monopolistic competition don't have the the power to control the market price like the monopoly system.

When the profit matter comes to the business, the monopolistic firms earn profits slightly above their costs in the long run. Because barriers to entry are low, other firms have an incentive to enter the market, increasing the competition. As a result to survive in the market the profit margin gets lower. Therefore, they just make the profit above their costs.

Vladimir79 [104]3 years ago
6 0

Answer:

C- slightly above their costs in the long run

Explanation:

Monopolistically competitive firm is the firm that produces at an output where average total cost is not a minimum. ... In general, monopolistically competitive firms earn profits slightly above their cost in the long run.

You might be interested in
When was the old kingdom in Egypt 1000 bce
Eva8 [605]

Answer:

After two centuries (off and on) as a province of the Persian empire, Egypt was conquered by Alexander the Great. After his death in 323 BCE, Egypt passed into the hands of his general, Ptolemy, and his descendants. Under them, Egypt has become the wealthiest and most highly organized of the “Hellenistic” kingdoms.

4 0
3 years ago
Describe three characteristics of people who have high voter turn out rates.
juin [17]
They probably have higher patriotism
4 0
3 years ago
Who were two authors who used satire to instruct the newly-educated masses?
Svetradugi [14.3K]
<span> Alexander pope and Jonathan Swift is the </span>answer.
3 0
3 years ago
What does Luther Standing Bear mean when he says that the "American Indian is of the soil"?
ArbitrLikvidat [17]

THE feathered and blanketed figure of the American Indian has come to symbolize the American continent. The American Indian is of the soil, whether it be the region of forests, plains, pueblos, or mesas. He fits into the landscape, for the hand that fashioned the continent also fashioned the man for his surroundings.

5 0
3 years ago
Which American Indian groups lived inland from the Northeast coast in approximately 1500?
Jlenok [28]

Answer:

The Iroquois and the Algonquin

Explanation:

The American Indian groups lived inland from the Northeast coast in approximately 1500 were the Iroquois and the Algonquin.

The two tribes lived together in what is today’s New York and were also called Eastern Woodland Indians although the original origin of the Algonquin tribe was Quebec, Canada. They however had their differences especially during the war in which the Iroquois tribe were in support of the British while the Algonquin were in support of the French.

4 0
3 years ago
Read 2 more answers
Other questions:
  • What caused the mass extinction at the end of the mesozoic era
    7·1 answer
  • Why do women still not have the right to vote?
    10·1 answer
  • Whitch invents came about as a result of the science revolution
    12·1 answer
  • Florida how many population
    15·2 answers
  • The Fourteenth Amendment to the Constitution has been interpreted by the Supreme Court to
    13·1 answer
  • Under Eisenhower and Dulles, America's policy of brinksmanship included:
    10·2 answers
  • In the 1870s falling crop prices and high interest rates led farmers to focus on the elimination of silver as legal tender as th
    6·1 answer
  • What happened to the factories that kept
    10·1 answer
  • -What are some of the different viewpoints on the incidents or stories that led people to settle in Maldives?
    6·2 answers
  • Correct answers.
    15·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!