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Stells [14]
4 years ago
13

When a monopolistically competitive firm is in long-run equilibrium, a. marginal revenue is equal to marginal cost. b. average t

otal cost is minimized. c. marginal revenue is tangent to average total cost.
Business
1 answer:
LenaWriter [7]4 years ago
7 0

Answer:

a. marginal revenue is equal to marginal cost.

Explanation:

Monopolistic competition can be defined as an imperfect competition where many producers or organizations sell differentiated products that are not perfect substitutes. Examples of firms or organizations engaging in a monopolistic competition are restaurants, shoes, clothing lines etc.

Generally, a monopolistic competitive market is characterized by the presence of large numbers of firm (producers) and a very low entry barrier.

Hence, in a monopolistic competition, firms have a degree of control over price, make independent decisions and can freely enter or exit the market in the long-run. Therefore, these firms combine elements of both monopoly and competition.

When a monopolistically competitive firm is in long-run equilibrium marginal revenue is equal to marginal cost (MR = MC). This ultimately implies that in the long-run, firms engaging in monopolistic competitive market are often going to manufacture the quantity of goods where the marginal cost (MC) curve intersect with the marginal revenue (MR). Also, the price set would be greater than the minimum average total cost (ATC).

<em>Thus, a monopolistic competitive producer has a highly elastic demand curve and firms would eventually break even in the long-run. </em>

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Answer: Consensus rule

Explanation:

Consensus rule is a decision making method pattern that gives access to all members of a group on agreeing on a particular decision. In a consensus rule, everyone's opinion is heard and a solution is created that goes with the opinions that were heard. In most cases, it's not what they all agree to or the preference of the majority, it's the best result that teams can achieve a unified result at any point in time, the results are always the best.

Even when there is a disagreement within the group, opinions should be heard on what caused it and how it should be resolved.

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3 years ago
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Answer:

It's an independent system, because Salesforce is not part of the SSO setup.

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3 years ago
After raising two children, Anh, a single 48-year-old, decided to go to college to earn her first college degree. She spent two
Svetach [21]

Answer:

True

Explanation:

American opportunities tax credit is a form  qualified education expenses that is paid to college students in America by the government.

To be qualified for this credit , the student must meet certain criteria such as listed below

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  4. It is meant for undergraduate college students and their parent
  5. Parents can only claim the tax if they paid for the child's education expenses and the student is listed as dependent on their return.

Looking at the listed criteria as above , it is apparent that Anh is eligible for the opportunities tax credit

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4 years ago
Use the as/ad model to describe the effect of each of the following events on the economy of snezhanka (a fictitious nation). be
marusya05 [52]

The following would happen

  • Aggregate income would increase for households. They would have a rise in output.

<h3> taxes on households are decreased</h3>

When the taxes are decreased, the households would have a rise in their purchasing power. Their output would go up form q to q2.

<h3> taxes paid by firms are decreased</h3>

The cost of the firms production is going to fall. The firm would then be able to raise their production hence increasing their supply. Output would rise and price level would fall.

<h3>the value of the national currency, the snezhankan lev, declines in the international currency market?</h3>

If the value of the currency should fall, then it would cause the demand for foreign goods to rise then there would be a new equilibrium in the market.

<h3> a revolutionary new machine, the apparat, increases worker productivity</h3>

An increase in productivity would raise supply for the producer hence bringing about a new rise in the price level.

Read more on aggregate demand and aggregate supply here:

brainly.com/question/25749867

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