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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.
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What is the state of education today with respect to technology use by teachers?
vitfil [10]
Technology has been very useful for the education. Teachers have found ways in order for technology to be more beneficial rather than detrimental to students. The use of televisions for certain classes allows the students to properly visualize the topics. Also, social media have been grounds for teachers to share their materials to the students and students to their co-students. 
8 0
3 years ago
A quality control activity analysis indicated the following four activity costs of an administrative department:
Doss [256]

Answer:

total sales are the internal failure costs is 2%

Explanation:

given data

form to reduce errors =  $15,000

customer complaints = 75,000

Verifying = 30,000

Correcting errors = 60,000

Total = $180,000

sales = $3,000,000

to find out

total sales are the internal failure costs

solution

we know here that internal failture cost is express as

internal failture cost  = correcting error in form   ...........1

internal failture cost  =  $60000

and

internal failture cost as % of total cost is here as

internal failture cost to sale = \frac{internal\ failture\ cost}{sales}   .......2

internal failture cost to sale = \frac{60000}{3000000}

internal failture cost to sale = 2%

so total sales are the internal failure costs is 2%

3 0
3 years ago
Money pooled from small investors and used to purchase government or corporate bonds
Amanda [17]
Purchase government of course
8 0
3 years ago
Suppose that Rafay is only given 5 weeks​ (instead of ​) to complete the project. By how many weeks should each activity be cras
kiruha [24]

From the critical path that's given, the total crashing cost will be $530.

<h3>What is a critical path?</h3>

A critical path simply means the longest sequence of tasks that one will have to complete in order to complete a project.

In this case, from the information given, the critical path will be:

= 0 + $130 + $400

= $530

In conclusion, the correct option will be $530.

Learn more about critical path on:

brainly.com/question/10693558

8 0
2 years ago
When a salesman travels for his company, he is given ______ ______, a specific amount of money he can spend for food, travel and
suter [353]

Answer:

a. per diem

Explanation:

The salesman's job responsibility to increase the sales for the company through which the company could accomplish its future goals. In exchange for that, the salesman gets the remuneration the company hired for.  

As when the salesman travels for his company, he has given the specific amount for food, travel, and hotel per diem. The per diem is a Latin word that means per day.

The daily allowance is given by the company to a salesman with the hope that the salesman perform his duties well so that he could be appraised in the next new months with respect to the promotion and other perks

7 0
3 years ago
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