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
klasskru [66]
3 years ago
6

Monopolistically competitive firms experience economic profits in the long run that are:

Business
1 answer:
storchak [24]3 years ago
8 0

Answer:

eliminated due to firms entering the industry

Explanation:

In the long run , monpolistically competitive firms earn zero economic profit due to entry of firms into the industry.

A monpolistically competitive firm has low barriers to entry and exit of firms. In the short run when monpolistically competitive firms earn economic profit, firms enter into the industry in the long run and economic profit would be wiped out.

Other features of monpolistically competitive firms are:

1. They sell differentiated products

2. They set the prices for their goods and services

3. They have a downward sloping demand curve.

You might be interested in
It is possible to use a decision making process for any decision.
loris [4]
I think so, but there may be some exceptions--if any.
6 0
4 years ago
Read 2 more answers
Piazza, a pedestrian, was injured when struck by a vehicle driven by Delaney, who ran a stop sign. At the time of the accident,
Ghella [55]

Answer:

Piazza should sue DGA Corporation because he (or she?) was struck by a company vehicle and the driver was acting within the scope of his normal employment tasks. Piazza might also sue Delaney along with DGA, since DGA is a small corporation and as a corporation is considered a separate legal entity whose shareholder equity might be really low.  

Piazza can sue for compensatory damages including pain and suffering, medical bills and lost wages.

6 0
3 years ago
Ann's attempt to open a salad bar in a small town failed. Her husband is trying to sell the tables and chairs she purchased. He
Vaselesa [24]

Answer: Qualifying

<span>Ann's husband is engaged in the qualifying process. He suspects Handlemann's Deli may be a potential buyer for the furniture he needs to sell. And he is now in the process of determining if Handlemann's Deli has a certain characteristic (inclination to purchase) to qualify him as his prospect.</span>

4 0
3 years ago
The challenge of indirect benefits occurs when the social, economic, or environmental benefits of a company's sustainability com
earnstyle [38]

The challenge of indirect benefits occurs when the social, economic, or environmental benefits of a company's sustainability commitments do not directly benefit primary customers or clients.

<u>Explanation:</u>

An indirect gain is a profit which can not be directly measured but is still appreciated-as opposed to the more readily quantified direct benefits like decreased headcount or increased revenue. The indirect advantages progress only when the customers or clients are also benefited, otherwise one or another day the failure of such tactics, destruction of  image of firm, etc would happen.

Labor productivity is the best illustration of a technology's indirect gain; greater performance does not necessarily contribute to the elimination of an ongoing cost element but is understood in the context that it helps workers to do their roles better and quicker.

7 0
3 years ago
The natural rate of unemployment is 4%, and the economy is producing 95% of its potential output. Okun's law predicts an unemplo
Anon25 [30]

Answer:

so correct option is C. 6.5

Explanation:

given data

natural rate of unemployment = 4%

economy producing = 95%

solution

we know here as  Okun's law for the every 1 percentage increase in unemployment rate

GDP of country =  2% lower than potential GDP

but here is country GDP = 5% lower than potential GDP

so there is increase in the unemployment rate = 5% ÷ 2 =  2.5%  

and unemployment rate is given =  4%

so effective unemployment rate will be

effective unemployment rate = 4% + 2.5%

effective unemployment rate = 6.5%

so correct option is C. 6.5

6 0
3 years ago
Other questions:
  • A sofa manufacturer can produce 10 sofas for $2,500 and 12 sofas for $2,760. What is the difference between the average cost per
    14·1 answer
  • Who is the first level supervisor in the fire department? intro to fire protection?
    11·1 answer
  • __________ and ________ are stimulus preference assessment methods, while ________ and __________ are reinforcer assessment meth
    11·1 answer
  • "What is the assessment of the external environment? What are the critical issues facing the business? Can the business execute
    7·1 answer
  • Your favorite photo can now be printed on your favorite credit card. You can design your own dresses online and have them sent t
    14·1 answer
  • How do the characteristics of management decisions-uncertainty, risk, conflict, and lack of structure- affect the decision facin
    13·1 answer
  • Groups are considered teams only when: employees directly interact with each other and coordinate work activities. everyone in t
    9·1 answer
  • PLEASE HELP ME!
    5·1 answer
  • If you own a business that operates in a certain building then you are liable for the condition of the building.
    13·1 answer
  • In 2017, Hurricane Irma had a significant, negative impact on the orange harvest in the state of Florida. The U. S. Department o
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!