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Shtirlitz [24]
3 years ago
14

A monopolistically competitive firm chooses A. price, but output is determined by a cartel production quota.B. the price, but co

mpetition in the market determines the quantity.C. the quantity of output to produce and the price at which it will sell its output.D. the quantity of output to produce, but the market determines price.
Business
1 answer:
taurus [48]3 years ago
7 0

Answer:

The answer is C.

Explanation:

Monopolistic Competition is at the borderline of both perfect competition and monopoly i.e it shares both characteristics.

It is similar with monopoly in setting the price of its product because of product differentiation which is a key in monopolistic market.

It is also similar with perfect competition because it determines the output to produce. No restrictions. There are also large numbers of buyers and sellers. Its revenue depends on the volume of outputs it can produce.

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QUESTION 8 of 10: Your average weekly take home wage is $615. You take a one-week paid vacation and a second week unpaid vacatio
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Answer:

$45

Explanation:

A surplus is when income exceeds expenses.

One year has 52 weeks. If one week was unpaid leave, then payments were received for 51 weeks.

Average payments per week = $615

Total earning per week =$615 x 51

=$31,365  

The total expenses for the year were  $31,320. The surplus amount will be income minus expenses

= $31,365 - $31,320

=$45

             

7 0
3 years ago
Moody Farms just paid a dividend of $3.35 on its stock. The growth rate in dividends is expected to be a constant 4 percent per
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Answer:

$38.02

Explanation:

Please see attachment .

6 0
3 years ago
Savanna Smiles invested $5,000 for one year in a CD that earns interest at a rate of 3.5% compounded monthly. What is the intere
Mariulka [41]
We are asked to solve for the interest during the year given that it is compounded monthly, we are given with the formula A = P(1+r)^n. The solution is shown below;
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A = $5,000 (1.000292)^12
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7 0
3 years ago
Read 2 more answers
Assume that global cleaning service performed cleaning services for a department store on account for​ $180. how would this tran
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The transaction effect on the global cleaning service's accounting equation is to increase both assets and equity by $180. 
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3 years ago
Solve the simultaneous equation <br>y+x=4<br>2y-x=5​
beks73 [17]

Answer:

<h2>Value of X = 1</h2>

<h2>Value of y = 3</h2>

Solution,

Using substitution method,

y + x = 4

Move 'x' to the left hand side and change its sign:

y = 4 - x --------> equation (i)

Now,

2y - X = 5

putting the value of y from equation (i)

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8 - 2x - x = 5

8 - 3x = 5

- 3x = 5 - 8

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The difference sign (-) will be cancelled in both sides

3x = 3

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X = 1

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Now, replacing the value of X in equation (i)

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Hope this helps...

Good luck on your assignment...

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