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wlad13 [49]
4 years ago
14

How is price and output determined undr monopolistic competition?​

Business
1 answer:
konstantin123 [22]4 years ago
7 0

Monopolistic competition refers to a type of economy where there is only one organization in the market. Therefore, the influence of competitors is non-existent and the consumer has little influence over price or output.

In this case, price and output are determined by the firm's equilibrium price and output, not the market.

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In a recent news release Bloomberg.com reported that the existing home sales declined in December of 2012 (the released article:
stich3 [128]

Answer:

The correct answer is Option (A) Homeowners expect housing prices to increase in the future

Explanation:

Existing home sales decline was attributed to reduction in the supply of existing homes. The owners of existing homes would not sell their property only if they believe that home prices will increase in the future. Therefore, they can sell the property at a higher price later.

Had homeowners believed that home prices will decline in the future, the owners would have put-up existing houses for sale so that they get a better price now than wait to see the price decline.

3 0
3 years ago
(Last Word) Critics of the World Trade Organization (WTO) say that liberalized world trade does all of the following EXCEPT:a. p
tester [92]

The correct answer is C. Helps developing nations escape from poverty

Explanation:

The World Trade Organization (WTO) is one of the most important organizations worldwide that regulate the trade between nations, the WTO includes almost all countries in all continents and aims at facilitating trade and other economic activities. Despite this, the WTO is criticized by many for multiple reasons that include the pollution and environmental degradation due to more trade and manufacture, the irregularities in protections and conditions as some countries skip laws about workplace safety, child labor, etc. and that it supports big multinational corporations rather than small local businesses.

However, one of the reasons critics of the WTO do not mention because it is a positive aspect of the WTO and the liberalized trade is that it actually "helps developing nations escape from poverty" as it provides opportunities for all the members to trade products especially those that are exclusive from each country.

8 0
3 years ago
Why might the prices of some products decrease while others increase?
snow_lady [41]

Some products are better than other ones. So the better one increase , the only that ppl rarely use is going to decrease because ppl rarely use it and it might not work anymore

7 0
3 years ago
Read 2 more answers
Would you be more likely to get solar panels on your home or an electric vehicle because of tax incentives? Why or why not?
inysia [295]

Answer:

I would most likely do solar panels because the addition of a solar energy system to your home doesn't increase the assessed value of your home. As a result, your property taxes don't go up.

Explanation:

7 0
3 years ago
The Timberlake-Jackson Wardrobe Co. has 11.9 percent coupon bonds on the market with seven years left to maturity. The bonds mak
Stella [2.4K]

Answer:

23%

Explanation:

To find the answer, we need to use the Yield to Maturity Formula:

YTM = C + \frac{(F - P)  }{n} / \frac{F + P}{2}

Where:

  • C = Coupon value (In this case  1,000 x 11.9% = 119)
  • F = Par value
  • P = Market Price
  • n = Years to Maturity

Now, we plug the amounts into the formula and solve:

YTM = 119 + \frac{1,000 - 1,113.46  }{7} / \frac{1,000 + 1,113.46}{2}

YTM = 0.23

YTM = 23%

6 0
3 years ago
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