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wlad13 [49]
3 years ago
14

How is price and output determined undr monopolistic competition?​

Business
1 answer:
konstantin123 [22]3 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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A list of all account names used to record transactions of a company is referred to as a T-account
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a commercial bank has $1,000,000 of customer checking deposits and actual reserves of $300,000. if the reserve ratio is 20 perce
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The maximum amount of new loans the bank can extend is $800,000.

<h3>What is the maximum amount of new loans the bank can extend?</h3>

The reserve ratio is the amount of deposits that must be kept as reserves with the central bank. The money that is not kept as reserves can be used to create loans.

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To learn more about required reserves, please check: brainly.com/question/26960248

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