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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.

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Several legal steps must sometimes be taken before a creditor can have his outstanding debt satisfied through the sale of the de
bagirrra123 [75]

Answer:

B) writ of persecution

Explanation:

According to my research on different legal requirements, I can say that based on the information provided within the question the only step that is not part of this process is writ of persecution. This is because a "writ of persecution" is a  written order of the court to persecute a person, since there is no mention of such a thing in the question we can say that this is not part of the process.

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

7 0
3 years ago
Many Americans are selling their used cars and buying new​ fuel-efficient hybrids. Other things remaining the​ same, in the mark
Ann [662]

Answer:

Supply increases and price falls; Demand increases and price increases.

Explanation:

Other things remains the same,

If many Americans are selling their used cars, then this will lead to increase the supply of used cars in the market for used cars and shifts the supply curve rightwards. This shift in the supply curve will decrease the prices of used cars.

Now, Americans are buying new fuel-efficient hybrids which will increase the demand of hybrids in the market for hybrids and shifts the demand curve of hybrids rightwards. Therefore, this shift in the demand curve of hybrids will increase the prices of hybrids.

Note: Missing options are attached with the answer.

8 0
3 years ago
Durable goods are: a. consumers' goods b. raw materials combined to produce consumer goods c. those that must be replaced after
Leokris [45]

Answer:

d. those that may be stored and repaired

Explanation:

Durable goods are those goods that are stored and repaired. It is to be considered for the long-lasting so it can be stored. Also it can be repaired when they wear out

For example: mobile phone, table, chair, toys, etc

Therefore as per the given situation, the option d is correct

And, the remaining options are to be considered

3 0
3 years ago
The theory of comparative advantage shows that the gains from international trade do not just result from the absolute advantage
Tema [17]

Answer:

Opportunity cost

Explanation:

The theory of comparative advantage represent that if there is any benefit from the international trade so it does not only show the absolute advantage at lesser cost but it also represent the comparative advantage and generating at a  lesser opportunity cost as the theory of comparative advantage says that the product and services should be produced at lower opportunity cost

6 0
2 years ago
Identify which of the following statements is true.
JulijaS [17]

Answer:

A.

Explanation:

Organizational expense amortized over fifteen years for purposes of determining taxable income results in an upper adjustment in the initial years to book income on the Schedule Minus−1 when the expense is being amortized over ten years for book income purposes.

4 0
3 years ago
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