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Anton [14]
3 years ago
13

In the framework of monopolistic competition, which of the following is not a possible outcome for a firm that runs a successful

advertising campaign?
A. allocative efficiency
B. the ability of the firm to charge a higher price
C. the ability of the firm to sell a greater quantity
D. an increase in profits for the firm
Business
1 answer:
castortr0y [4]3 years ago
5 0

Answer:

The correct answer is A)

Explanation:

When products and or services are manufactured at a level that maximizes social welfare, allocative efficiency is said to have occurred.

A market system characterized as monopolistic competition may <u><em>never </em></u>achieve productive efficiency because firms often fix prices at a point higher than their marginal costs.

Marginal cost refers to the added cost incurred by producing or manufacturing one additional unit of a product.

Cheers!  

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There are four types of market structures namely; perfect competition, monopoly, monopolistic competition and oligopoly. Perfect competition is where large number of small firms  compete with each other with a homogeneous product. In a monopoly market there is only one producer of a given product who determines the price of the product. In monopolistic competition the market combines the aspect of monopoly and perfect competition. In this case, In Oligopoly there are a few suppliers or sellers of a particular product.
8 0
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The following information is available on a depreciable asset owned by Mutual Savings Bank:
BARSIC [14]

Answer:

$4366.67

Explanation:

Given: Asset book value on july 1, year 3= $57800

          Salvage value= $5400

          Useful life left= 6 years.

Now, computing the depreciation expense under straight line method.

Formula; Depreciation= \frac{Asset\ book\ value - salvage\ value}{useful\ life}

Useful life in months= 6\times 12= 72\ months

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∴ Monthly depreciation expense= $ 727.77

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∴ Depreciation expense for last six month of year 3 is $4366.67.

3 0
4 years ago
Anna Preston is a senior manager in a high-technology company in the United States. She has an in-depth knowledge of her company
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6 0
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Imagine you are a manager for a local restaurant. One of your customers asks to speak with
atroni [7]

As a proficient customer service professional, the first step to take in such a situation is to first apologize in the kindest way possible to the customer. It would give the customer comfort to know that the server is corrected immediately while taking charge of the clients order.

<h3>What procedure is outlined above?</h3>

The above procedure is known as conflict resolution under customer care service.

One additional step maybe to keep the costumer company and ensure that they are happy before they leave.

Learn more about customer service at;
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8 0
2 years ago
An internal study by the Technology Services department at Lahey Electronics revealed company employees receive an average of 6.
Tju [1.3M]

Answer:

B.

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