1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
sergejj [24]
3 years ago
14

In the long run, a representative firm in a monopolistically competitive industry will end up multiple choice having an elastici

ty of demand that will be less than it was in the short run. having a larger number of competitors than it will in the short run. earning a normal profit, but not an economic profit. producing a level of output at which marginal cost and price are equal.
Business
1 answer:
Evgen [1.6K]3 years ago
6 0
In the long run, a representative firm in a monopolistically competitive industry will end up <span>earning a normal profit, but not an economic profit.

Monopolistic competition is imperfect competition where many producers sell products that differentiate from each other in ways like quality and branding. Because they differ in these ways, there are no perfect substitute for another producers product. 

</span>
You might be interested in
Brodrick Company expects to produce 20,000 units for the year ending December 31. A flexible budget for 20,000 units of producti
notka56 [123]

Answer:

For 20,000 units, we have 170,000

For 26,000 units, we have 266,000

Explanation:

Here, we are to calculate the expected level of income from operations.

Formulas that can come in handy from the table are;

Variable amount per unit = sales/number of units

contribution margin = Sales - Variable cost

Income from operations = Contribution margin - fixed cost

Please, kindly checked attached image for tabulated result calculations.

6 0
3 years ago
Perry Corporation manufactures two models of office chairs, a standard and a deluxe model. The following activity and cost infor
gladu [14]

Answer:

$46,800

Explanation:

Total overhead costs based on traditional systems of both products are: $52,000 +$78,000 = $130,000

Assuming that Perry Corporation applies the activity-based (setups and components) costing system instead of the traditional one, the overhead cost for the standard model can be calculated as following:

+) Overhead cost of each setup (for both products) = $52,000/(12 + 28) = $1,300

+) Overhead cost of each components (for both products)

= 78,000 / (8+12) = $3,900

=> Total overhead costs using activity - based costing system is:

<em>Total overhead costs = 1,300 x Number setups needed for standard model + 3,900 x Number of components needed for standard model</em>

<em>= 1,300 x 12 + 3,900 x 8 </em>

= $46,800

4 0
4 years ago
Do you think pricing for Super Bowl advertising is fair?
RideAnS [48]

Answer:

<u>Yes. </u>

Explanation:

How else are they going to make their money?

4 0
3 years ago
Read 2 more answers
If McDonald's wanted to change its marketing strategy in response to the social trends outlined in the text, it might consider a
finlep [7]

Answer:

E) creating an advertising campaign to target elementary school children

Explanation:

Even without being able to read the text, the answer is obvious since McDonald's advertising campaign targeting small children would be considered foul play. It's OK for a toy maker to target small kids, but everyone knows McDonald's doesn't sell healthy food, so they shouldn't focus any advertising on small children. That is why some cities banned free toys in the Happy Meals.

6 0
4 years ago
Gawain sa Pagkatuto Bilang 6. Magsaliksik ng isang paksa at bumuo ng
Gre4nikov [31]

Answer:

kalamidad pangayayari

50percent

30percent

60percent

5 0
4 years ago
Read 2 more answers
Other questions:
  • Ormondo inherited $7,000. He would like to invest all the money to use for his daughter's college in 10 years. If he invests $7,
    12·1 answer
  • ________ are transacted between international businesses and their banks, between banks, and between governments when it is desi
    12·2 answers
  • Some of the factors that affect how much income an individual makes are _____.
    15·1 answer
  • A collusive agreement between two firms is likely to break down when​ ____________. A. it is easy to punish cheaters. B. firms v
    7·1 answer
  • A tour operator could be liable for describing an experience that doesn't actually happen.
    11·1 answer
  • What is the distinctive competency Toyota appears to be hoping to achieve by investing in Uber Technologies?
    9·1 answer
  • "How does filing bankruptcy limit your quality of life?
    13·1 answer
  • People who invest in a corporation by purchasing stock are known as ______________.
    11·1 answer
  • During the depression or recession which of the following is most likely to happen to interest rates
    10·1 answer
  • Yield management pricing is ______. Multiple choice question. setting a price a few cents or a few dollars below an even number
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!