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IRINA_888 [86]
3 years ago
14

In a market with many sellers, businesses compete for customers by offering _____ and _____.

Business
1 answer:
iVinArrow [24]3 years ago
7 0

lower prices and better product quality

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True or False: This indicates that there is excess capacity in the market for bats. True False Monopolistic competition may also
KonstantinChe [14]

Answer:

False

False

Explanation:

Monopolistic competition is a type of imperfect market where there are many seller competing with each other but with differentiated products. Monopolistic competition is socially inefficient. The product variety externality implies that there is too little entry of new firms in the market.

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2 years ago
Partner Industries sells a single product for $50 that has a variable cost of $30. Fixed costs amount to $5 per unit when antici
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b. $20.

Explanation:

Regardless of what the break-even volume is, at this volume profits are zero.

This means that any unit sold beyond this point will provide a profit equivalent to its marginal benefit, which is its selling price subtracted by its variable cost.

If a product sells for $50 and has a variable cost of $30, by selling one unit in excess of its break-even volume, the profit will be:

P= \$50-\$30 =\$20

The profit will be $20.

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3 years ago
____ is a measure of the intensity of competitive behavior among companies in an industry. A. Bargaining power of firms B. Chara
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Answer:

The right answer is (B) Character of the rivalry.

8 0
3 years ago
Sutter Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on machine-hours. T
Elena L [17]

Answer:

The universal sign for choking is __________.

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two balled fists pressing the abdomen

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pointing at an open mouth

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two hands grasping the neck

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pretending to cough

Explanation:

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3 years ago
When a company sells property and then leases it back, any gain on the sale should usually bea. deferred and recognized as incom
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Answer: A. deferred and recognized as income over the term of the lease.

Explanation:

In a sale-leaseback transaction, that is when a property is sold by a company and leased back, the property seller is the lessee and the property purchase is the lessor. In this case, a sale-leaseback will allow a company to sell an asset so that the company can raise capital, after which the asset can then be leader back.

When a company sells property and then leases it back, any gain on the sale should usually be deferred and recognized as income over the term of the lease.

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3 years ago
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