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
ANTONII [103]
3 years ago
14

Which of the following is true at the​ long-run equilibrium in a monopolistically competitive​ market? A. Each​ firm's output is

at the point that minimizes its​ long-run average cost. B. Each firm earns zero economic profit.
Business
1 answer:
Juli2301 [7.4K]3 years ago
6 0

Answer:

B. Each firm earns zero economic profit.

Explanation:

In a monopolistic competitive market, there is free entry and exit in the market, if there is a profit more firms will come in and that will reduce the price to zero. the answer is, there will be zero economic profit in the market.

You might be interested in
Byron agrees to sell to Charity, for $1,500, a remote parcel of land.They believe the land to be worthless, but beneath it is a
DedPeter [7]

Answer:

D) enforce the contract.

Explanation:

Neither party knew about the gold mine before the deal was made, Byron and Charity even thought it was worthless. If Charity by accident, chance or luck discovered the gold mine, then she is entitled to it. Even f Byron wants to cancel the deal, he can't because Charity acted on good faith and the discovery of the gold mine was not something planned or intended.

For example, if I like an antique at a yard sale and I purchase it at $5, and then by chance someone that knows about antiques tells me that it is really expensive, a made a lot of money and the previous owner doesn't have the right to cancel the sale.  

6 0
3 years ago
Armando has a summer job hand-dyeing shirts that will be sold on the boardwalk. He is paid $5.00 per shirt. Armando is being pai
netineya [11]

Answer:

Pay for Performance

Explanation:

Pay for Performance is the strategy which is being referred to as the pay strategy where the evaluations or computations of the individual or the business performance have the influence on the pay amount bonuses or the increases provided to each and every employee.

So, in this case, the person is paid on the performance of the person as he will be paid on the $5 per shirt.

7 0
3 years ago
​Scenario: Farm Country and Industry Country are two neighboring countries. Both countries produce only one​ good: good X. Produ
PIT_PIT [208]

Answer:

D. the same amount of capital and labor.

Explanation:

Based on the scenario being described within the question it can be said that the aggregate production functions will shift upward when​ the same amount of capital and labor. This is because the aggregate production function describes how real GDP within an economy depends on available inputs, such as the labor that is being put into production, and that labor needs capital.

7 0
3 years ago
When a company is operating at capacity and they lose revenue from regular customers by accepting a special order, the loss of r
Elden [556K]

Answer:

An opportunity cost

Explanation:

The opportunity cost is the cost where the loss occurs from the benefit could have been enjoyed in the case when the best alternative choice was selected Since in the question it is mentioned that the company operating at a capacity and than lose revenue from the regular customers so it is an opportunity cost

3 0
3 years ago
Coca-Cola has supported numerous health and sporting cause, but to what extent is this genuine CSR.
svetoff [14.1K]

Answer:

Considerable extent

Explanation:

Note that CSR (Corporate social responsibility) entails that an organization gives back to its community or environment in which it operates in areas such as financing community developmental projects, providing employment etc.

Coca-Cola, therefore, has done what CSR entails although it could still do more by reducing the environmental pollution coming from its factories, reducing the calories found in its drinks etc.

5 0
4 years ago
Other questions:
  • Break-even analysis for a service company involves identifying the correct measure of a.direct labor for the unit of analysis. b
    9·1 answer
  • Dave's boss told him that he doesn't have to attend the company picnic (which everybody dislikes) if dave meets his sales quota
    14·1 answer
  • Jonas had a great résumé and a glowing recommendation from his previous employer. Impressed by his qualifications and expertise,
    5·1 answer
  • MC Qu. 160 Webster Corporations monthly...Webster Corporation's monthly projected general and administrative expenses include $5
    7·1 answer
  • Complete the bill of materials by calculating the extended cost of each component and the total materials cost for each brake sy
    7·1 answer
  • Jan bought a blazer for $39.90. The price of the blazer was $38. What sales-tax rate was she charged for this blazer?
    5·2 answers
  • Hale Company purchased two identical inventory items. The item purchased first cost $22.00. The item purchased second cost $25.0
    10·1 answer
  • For many years, college costs (including tuition, fees, and room and board) increases have been higher than the inflation rate,
    14·1 answer
  • ADP reports the following income statement.
    12·1 answer
  • g 2. Problems and Applications Q2 Indicate whether each of the following transactions represents an increase in net exports, a d
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!