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
deff fn [24]
3 years ago
8

20. Which of the following is not a difference between monopolies and perfectly competitive markets? a. Monopolies can earn prof

its in the long run while perfectly competitive firms break even. b. Monopolies charge a price higher than marginal cost while perfectly competitive firms charge a price equal to marginal cost. c. Monopolies choose to produce the quantity at which marginal revenue equals marginal cost while perfectly competitive firms do not. d. Monopolies face downward sloping demand curves while perfectly competitive firms face horizontal demand curves.
Business
1 answer:
Naily [24]3 years ago
6 0

Answer:

The correct answer is option c.

Explanation:

A perfectly competitive market has a large number of buyers and sellers. The firms are price takers and the price is determined by the market forces. Thus the monopoly firms face a horizontal demand curve. This horizontal line represents price, average revenue, and marginal revenue. The equilibrium is obtained where price, (average revenue and marginal revenue) is equal to marginal cost. There is no restriction on entry and exit of firms in the long run. That's why firms face a break-even in the long run.  

While in a monopoly market there is a single firm. This firm fixes price higher than marginal cost. The demand curve of the monopoly is a downward sloping showing relatively elastic demand. A monopoly firm can earn profits in both the short run as well as the long run.

You might be interested in
Which of the following is included in the consumption component of U.S. GDP? Question 12 options:
frosja888 [35]

Answer:

Answer is option b, i.e. purchase of natural gas by U.S. households.

Explanation:

Consumption component of U.S. GDP includes purchase of various durable goods, non-durable goods, and also various intangible services. But anything that is purchased as a means of investment rather than for personal consumption is not regarded as consumption component in GDP. Here, purchase of newly constructed houses is an asset and thus, is not included in these components. Similarly, purchase made for business purposes is also excluded from the list of consumption components.

8 0
3 years ago
Faulty tools must be recorded first, ________ them and report it to the authorize personnel. 
morpeh [17]

Answer:

condemned or thrown I think

3 0
3 years ago
In his speech, George plans to convince his audience to buy a refillable water bottle instead of disposable water bottles. What
Brut [27]

Answer:

The general purpose of Georges speech is to make people shift towards adopting ways that would reduce plastic waste.

The world is currently suffering from plastic waste which is non biodegradable. It is harming the environment and destroying sea life.

Water being the most used product, using a reusable plastic water bottle would mean you use lease disposable ones that would automatically reduce plastic waste considerable. A huge different can be made to the hearths environment through it.

4 0
3 years ago
"An investor that has been unaffiliated with the issuer for at least 3 months is permitted to sell restricted shares under Rule
Travka [436]

Answer:

six months

Explanation:

Restricted shares are form of securities that are gotten in private sales, from an affiliate of the issuer or through an issuing house. Basically, restricted securities are a form of compensation given to investors in exchange for providing start up capital to a company hence are issued through employee stock benefit plans, private placements, regulation offerings etc.

According to rule 144, before an investor could sell any restricted securities in the market place, such securities must be held for a certain period of time, usually six months for a reporting company, who is subject to the reporting requirements of SEC 1949.

However, where the issuer of the securities is not subjected to reporting requirements of SEC, then the investor could hold them for a period of one year.

4 0
3 years ago
Do internet search enhance our knowledge in animal/fish raising?​
jasenka [17]
Internet searches enhance our knowledge in pretty much everything so yes :)
3 0
3 years ago
Other questions:
  • When each asset is analyzed as a percent of total assets for a single period, this is known as A. ratio analysis. B. horizontal
    12·2 answers
  • Land of Many Lakes (LML) sells butter to a broker in Albert Lea, Minnesota. Because the market for butter is generally considere
    6·1 answer
  • This allows individuals to own their creativity and innovation in a way similar to owning physical property.
    7·1 answer
  • On May 1 Ralph offers to cure and smoke Sam’s pork, and promises to keep the offer open until June 1. On May 3 Ralph mails Sam a
    12·1 answer
  • Your task is to design a rectangular industrial warehouse consisting of three separate spaces of equal size. The wall materials
    11·1 answer
  • Harold's caters to the clothing needs of men, manufacturing two different lines of fashion based on the purchasing power of its
    7·1 answer
  • Loaded-Up Fund charges a 12b-1 fee of 1% and maintains an expense ratio of .75%. Economy Fund charges a front-end load of 2%, bu
    5·1 answer
  • Suppose the market price increase. Which statement is correct?
    8·1 answer
  • The Human Services career path is where "public servants" of the world work.
    15·1 answer
  • with the knowledge gained from your study of introduction to Total Quality Management, discuss two measures you would put in pla
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!