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Delicious77 [7]
3 years ago
12

How does the​ long-run equilibrium for a monopolistically competitive market differ from the​ long-run equilibrium for a perfect

ly competitive​ market? One way in which monopolistically competitive markets and perfectly competitive markets differ is that in​ long-run equilibrium, monopolistically competitive firms
Business
1 answer:
Valentin [98]3 years ago
3 0

Answer:

Following are the differences between monopolistically competetive market and perfectly competetive market.

Explanation:

Overall the profit ratio for the sellers is higher in monopolistically competitive market and low in a perfectively competitive market. In monopolistically competitive market, sellers charge a price higher than marginal cost, whereas, in a perfectly competitive market, the sellers charge a price equal to the marginal cost. In long-Run, the main difference between the competitive market and the monopolistic market is the excess capacity. It is the difference between the efficient level of output and profit-maximizing level of output.

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Llana [10]

A. start by stating your purpose and what you expect of the reader for writing more effectively for business purposes

A business purpose explains the motivation for the founding of a company. It outlines both the goals of the company and what makes it special. A company purpose is substantially shorter than both a mission statement and a value statement.

A corporation may really advance if its objective is well-defined and expressed. Purpose encourages innovation, improves brand trust and loyalty, helps determine long-term business strategy, and ultimately helps a firm endure the test of time. It also creates a larger competitive edge and differentiation in the marketplace.

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7 0
1 year ago
A tax that imposes a small excess burden relative to the tax revenue that it raises is.
stiv31 [10]

A tax that imposes a small excess burden relative to the tax revenue that it raises is an <u>efficient tax.</u>

<h3><u>What Exactly Is Tax Efficiency?</u></h3>

The least amount of taxes that are legally required to be paid by a person or a corporation is known as tax efficiency. When a financial choice results in a lower tax bill than a competing financial structure that serves the same purpose, the choice is said to be more tax-efficient.

<u>Tax-Advantaged Mutual Fund</u>

Another approach to lower tax obligations is to invest in a tax-efficient mutual fund, particularly for taxpayers without access to a tax-deferred or tax-free account. In comparison to other mutual funds, a tax-efficient mutual fund is taxed at a reduced rate. Compared to the standard mutual fund, these funds often produce lower rates of returns through dividends or capital gains.

Mutual funds that provide little to no interest income or dividends include small-cap stock funds and passively managed ones, including exchange-traded funds (ETFs) and index funds.

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7 0
2 years ago
On September 15, 2021, Oliver's Mortuary received a $7,200, nine-month note bearing interest at an annual rate of 8% from the es
Sphinxa [80]

Answer: PLease see answer below

Explanation:

Date Account title and explanation Debit Credit

Dec 31   Interest receivable                           $168  

2021             Interest revenue                                                 $168

Calculation

Interest =Principal x time x rate

= 7,200 x 8% x 3.5 /12(15th september to 31st December)

=$168

4 0
3 years ago
Which of the ten knowledge areas defined in the Project Management Body of Knowledge includes the processes required to ensure t
strojnjashka [21]

Answer:

Project Scope Management is the applicable knowledge area.

Explanation:

Project Management involves the use of knowledge skills, tools,  techniques to meet the requirement of the project. Other knowledge areas in Project Management include;

  • Project Procurement Management
  • Project Risk Management
  • Project Integration Management
  • Project Communication Management
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Project Scope Management involves explaining what the project will entail.  It ensures people have a clear understanding of what the project is about.  

5 0
3 years ago
More and more schools are requiring students to wear uniforms. This means that more uniforms must be produced. Describe how the
timofeeve [1]

Answer:

The demand for uniforms Increase by shift to the right, it cause the price increase, therefore the supplies increase and move upward.

Explanation:

8 0
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