Pure monopoly and pure competition are the opposing limiting cases. Monopolistic competition exists between those two.
Monopolistic competition is distinguished by the fact that, despite being closely related to one another, the products of various firms are not all the same but rather differ from one another. As numerous businesses compete to sell their products, there is also a component of competition.
Price=Average Total Cost Total Revenue is equal to total cost so there
is zero economic profit.
Price>ATC It means that firm is earning short run
economic profit.
Price<ATC It means firm is earning Short Run Economic
Loss
Price> Marginal Revenue It means firm has market power
Price>Marginal Cost Mark up
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Answer – B (He could fill out a FAFSA form to determine what
financial aid he would qualify for)
<span>The Free Application for Federal Student
Aid (FAFSA) form can be filled out annually by both current and soon-to-be
college students in the United States to determine whether they are qualified
for student financial aid.</span>
<u>Answer:</u>
<em>B) Selling costs of a sales department are not inventoriable</em>
<em></em>
<u>Explanation:</u>
The inventoriable price is the cost from the provider in addition to all costs essential to get the thing into stock and prepared available to be purchased, for example, cargo in. For a maker, the item expenses incorporate direct material, direct work, and the assembling overhead (fixed and variable).
Inventoriable costs once in a while fluctuate, starting with one industry then onto the next, and they additionally vary, starting with one provider then onto the future down the store network.
Answer:
Explanation:
Based on the information provided within the question it can be said that the main impact of the legal constraints would be that they have the ability to change the way that the economic pie is divided among the different parties, which in term can completely change their well-being. This is because those that receive more wealth are able to provide a better quality of life that those that did not.
