A monopolistically competitive firm faces a downward sloping demand curve and so it is a price searcher.
The demand curve for monopolistically competitive firm will be considerably more elastic than the demand curve that a monopolist faces because the monopolistically competitive firm has a very less control over the price that it can charge for its output.
The firm's control over its price will largely depend on the degree to which its product is differentiated from competing firms' products.
The monopolistically competitive firm will be a price‐searcher rather than a price‐taker because it faces a downward‐sloping demand curve for its product.
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Answer: Alicia has a very simple tax return and some degree of tax knowledge. She wants to file taxes without spending any extra money. What is her BEST option for filing taxes? Independently prepare her taxes.
Explanation:
Answer:
$3,438.45
Explanation:
The amount invested is the sum of Bob's and Judy's savings:
The equation that gives the future value of an investment P, at an annual interest rate r for t years, compounded monthly, is:
Therefore, the account balance after 12 years of an initial investment of $2,400 at 3% is:
The account balance after 12 years will be $3,438.45.
Answer:
The correct answer is D
Explanation:
Perfectly competition market or industry is the one in which it occurs when there exists many sellers, easy entry as well as exiting of firms, products are identical and sellers are the price takers.
Whereas in the single price monopoly, is the one where there is single firm selling the product at their own price, they are price maker. And comparing both at same cost will result in creating less customers surplus as well as create deadweight loss, which result in economic efficiency in relation to utility for producers.
Answer:
net present value = $1,420.14
Explanation:
given data
start up costs = $25,000
cost of capital = 12%
present value of the cash flows = $26,420.14
solution
we get here net present value will be express as here
net present value = present value of the cash flows for the first three years - start up costs ........................1
put here value and we get
net present value = $26,420.14 - $25,000
net present value = $1,420.14