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Shtirlitz [24]
2 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]2 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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Real property taxes are often assessed on the value of the property at the beginning of the year. when property is sold in the m
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Buyer and seller prorations are often applied during real estate closing transactions to divide the cost of expenses like property taxes. Thus, the buyer gets a deduction for the prorated amount of property tax due after closing, and the seller gets the same deduction for the taxes.

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1 year ago
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2 years ago
Suppose Ms. Smith sells her 2018 Honda Fit next year. The original cost of the
Greeley [361]

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C

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7 0
2 years ago
A revenue tariff is designed to assist more efficient domestic producers, whereas a protective tariff is designed to promote imp
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False

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