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
joja [24]
2 years ago
8

Monopolistically competitive firms:

Business
1 answer:
Annette [7]2 years ago
5 0

Answer:

<h2>The correct answer here would be option a. given in the answer choices or earn a positive economic profit if price is greater than ATC(Average Total Cost).</h2>

Explanation:

  • Monopolistically competitive market is a particular type of market structure characterized by multiple number of firms producing and selling various differentiated products in the market.
  • Monopolistically competitive firms usually have higher pricing and market power than a perfectly competitive market structure but less than the purely monopolistic market structure with only one seller.
  • Since,the monopolistically competitive firms have limited market and pricing power as they sell differentiated products or services,they can evidently charge or set a price for their products or services greater than the Average Total Cost or ATC and earn positive economic profit in the market.
  • However,due to presence of partial market competition or rivalry, any economic profit earned by the firms in the short run would attract more number of firms to enter the market in the long run until the chance of probability of earning any further economic profit is completely diminished.
You might be interested in
Question 5 of 10
Lisa [10]
Annual percentage rate !
6 0
2 years ago
Which of the following statements explains the relationship between Social Security and Medicare taxes?
Usimov [2.4K]
The best and most correct answer among the choices provided by your question is the fourth choice or letter D.

The statement "<span>Social Security is applied to all wages up to the maximum taxable earnings. Medicare is applied to all wages without limit." best </span><span>explains the relationship between Social Security and Medicare taxes.</span>

I hope my answer has come to your help. Thank you for posting your question here in Brainly. We hope to answer more of your questions and inquiries soon. Have a nice day ahead!
7 0
2 years ago
Read 2 more answers
At magnira corp., a company that manufactures fruit preserves, fruits of excellent quality are used to make jams, jellies, and m
Juli2301 [7.4K]
<span>In the example of the Magnira Corporation, the fruits are turned into jellies, jams, and marmalades an example of raw materials. Raw materials are basic, unprocessed materials that are used to manufacture goods. Raw materials are often referred to as commodities.</span>
3 0
3 years ago
Read 2 more answers
Write down the characteristics which had the highest poverty rate in 2016?
adoni [48]

Answer:

Follows are the solution to this question:

Explanation:

The poverty rate is the proportion of those whose income falls below the poverty line, as well as, the official poverty level of 2016 was 12.7% when half of the median family income for the overall population. Below are the highest poverty level features in 2016:

  • Desire to share exposure to food and clean water.
  • Entry to living standards or jobs is little to no.
  • Conflict.
  • The unfairness.
  • Wretched schooling.
  • The shift in the atmosphere.
  • Transportation deficit.
  • The government's limited capacity.
3 0
3 years ago
Albert Searchware is a type of search engine used at company websites to handle customer questions. The firm is trying to determ
r-ruslan [8.4K]

Answer:

D. Use the majority of its promotional budget on advertising that focuses on brand differences.

Explanation:

3 0
3 years ago
Other questions:
  • What is the name of the smallest amount that can legally be paid to most workers for an hour of work?
    13·1 answer
  • Which change should be made to the above cover letter excerpt before sending it to an employer? a. The author should to remove “
    5·2 answers
  • If country ABC can produce a unit of good 1 by sacrificing fewer units of good 2 than can country XYZ, it is correct to say that
    13·1 answer
  • Which historical style period lasted less than 100 years?
    12·1 answer
  • A person who teaches you coaches you and helps you to advance in your career is known as a?
    11·1 answer
  • A local bank reviewed its credit card policy with the intention of recalling some of its credit cards. In the past approximately
    13·1 answer
  • Jim is in the market for a car that will last for the next 10 years and has saved up some money for the purpose of a car. what’s
    11·2 answers
  • Do you think that the 330 triathletes who responded to the survey may be considered a random sample from the population of triat
    13·1 answer
  • Consumers benefit from monopolistic competition by
    12·2 answers
  • G Obligations to be paid within one year or the company's operating cycle, whichever is longer, are:
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!