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UNO [17]
3 years ago
12

If a monopolistic competitor raises its price, it ___________ customers than a perfectly competitive firm, but ____________ cust

omers compared to the number that a monopoly that raised its prices would.
Business
1 answer:
Jobisdone [24]3 years ago
3 0

Answer:

It would <u>lose less customers </u>than perfectly competitive firm, but <u>more customers</u> compared to a monopoly that raised its price would

Explanation:

  • Perfect Competition is a market form with many buyers & sellers, selling homogeneous products at constant prices
  • Monopolistically competitive firm has many sellers, selling slightly differentiated products, at different prices.
  • Monopoly is a market structure having single seller of a product in the market.

So, these market forms have following control over prices/ elasticity of demand :

  • Perfect competition has uniform prices, perfectly elastic horizontal demand curve. Firm is just a price taker, has no control in price.
  • Monopolistic competition firm has different prices because of differentiated products. But has only certain control on price, demand is elastic due to substitutes competition
  • Monopoly, being single seller has full control over price, is 'price maker'. Lack of substitutes also make its demand inelastic.

Therefore : A price rise would - reduce perfect competition firm demand the most;  more than that & less than monopoly for monopolistic competitive firm demand ; the least for monopoly demand

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Inez transfers property with a tax basis of $200 and a fair market value of $300 to a corporation in exchange for stock with a f
Mila [183]

Answer:

$200

Explanation:

The adjusted basis is the value given to an asset (and used by the IRS) when you have to determine any capital gain or loss resulting from its sale. It should generally be the original cost of purchasing that asset.

§351 allows corporations to defer taxes from capital gains (or losses) resulting from the transfer of property in exchange for stocks.

Corporation's tax basis = $200

5 0
3 years ago
Match each type of insurance with an example of when the insurance
Simora [160]

Answer:

See below

Explanation:

Renter's insurance

Your stereo and computer are stolen from your apartment. Renters insurance is designed to offer protection against loss or damages to properties belonging to renters living in apartments or standalone units.

Liability coverage

You cause an accident that damages someone else's car. Provide financial protection against medical or damages claims against the policyholder if found at fault in an accident.

Health insurance

You go to the emergency room after a car accident. Take care of medical and other hospital-related expenses should the policyholder or their dependents require medical attention.

Disability Insurance

You have to take a month off from work because of a broken leg.  Provide financial compensation against loss of income due to serious bodily injuries to the policyholder.

8 0
3 years ago
"Have you considered paying workers for what they produce? I found that when I paid employees by the piece, their productivity w
madam [21]

Answer:

This a "scientific management" also known as Taylorism . The main approach of this school is reduce the waste to minimal and optimize workforce. Paying an employee per production will be a taylorism approach since you only pay for the effective production and if the employee wants to earn more money, the employee will have to improve his productivity in order to produce and earn more.

Explanation:

7 0
4 years ago
Jane is a roofing contractor. Jane's friend needed a new roof but did not have the cash to pay. Jane's friend instead paid with
monitta
According to the references used I believe the answer would most likely be ...
6 0
3 years ago
If a firm increases its sales and cost of goods sold while holding its inventories constant, then, other things held constant, i
julsineya [31]

Answer:

D

Explanation:

If a firm increases its sales and cost of goods sold while holding its inventories constant, then, other things held constant, its inventory turnover ratio will increase.

6 0
3 years ago
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