The answer would be E) Frederick Taylor
Answer:
D. they will be unable to earn higher-than-normal profits in the long run.
Explanation: A monopolistic competition is a form of imperfect Competition where many firms that are located within a give market are known to offer similar products to the markets that are not enough to qualify them as a perfect close Substitute (the Purchase of one of the close Substitute does not necessarily prevent the purchase of another). in this type of imperfect Competition the possibility of a barrier to entry or exit is generally low.
Part of the criteria to achieve the socially efficient production level is for firms to only produce units of output that are more highly valued by consumers than that of the associated productive costs.
<h3>
Definition of efficient production</h3>
An economic term known as production efficiency refers to the point at which an economy or other entity can no longer produce more of one good without reducing the production of another. This occurs when it is claimed that production is taking place along a production possibility frontier (PPF).
Productive efficiency is another name for production efficiency. Similar to productivity, productive efficiency denotes that something is working to its full potential.
In general, the term "economic production efficiency" refers to a level of maximum capacity when all resources are being used to their fullest extent in order to produce the most cost-effective product feasible.
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The kind of business that would use the specific identification method of inventory costing includes:
- Car dealerships
- Jewelry stores
- Art galleries
- Furniture stores
<h3>
What is specific identification method to inventory?</h3>
Specific identification method to inventory are often use by companies and be defined as the process in which each inventory is specify or identify for easy tracking.
Companies tend to use this method when they want to track each items they have in their inventory.
Therefore the kind of business that would use the specific identification method of inventory costing includes: car dealerships.
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The total market value of around 98 to 99% of publicly traded stock in the U.S. is shown on the Dow Jones Wilshire 5000 Index.
<h3>What is the Dow Jones Wilshire 5000 Index?</h3>
It is a market weighted index that shows almost all the total market value of all the public stock traded in the United States.
Even though it claims to show the entire value of public stock in the U.S., it only shows about 98 to 99% of the stock.
In conclusion, the answer is Dow Jones Wilshire 5000 Index.
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