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4 years ago

Which of the following is not a characteristic of monopolistic competition?

Business

1 answer:

BlackZzzverrR [31]4 years ago

7 0

Answer:

The correct answer is option c.

Explanation:

Monopolistic competition is a market structure where there is a large number of sellers producing differentiated products. The market is fragmented because of product differentiation.

The entry and exit in the market are relatively easy with no or very low restrictions. Because of free entry and exit, the firms can earn positive profits only in the short run.

In the long run, other potential firms enter the market increasing the market supply and reducing the profit and price level. So firms can earn only normal profits in the long run.

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Wiley's has total equity of $679,400, long-term debt of $316,900, net working capital of $31,600, and total assets of $1,123,900

Elenna [48]

Answer:

The answer is 0.4

Explanation:

The formula for total debt ratio is total debt ÷ total assets.

Total debt equals current debt plus total long-term debt.

To find total debt(liability), remember Asset = Liability + Equity.

Therefore, Liability (debt) will be Asset - equity

$1,123,900 - $679,400

Total debt(liability) = $444,500

So, total debt ratio will be:

$444,500/$1,123,900

=0.4

This ratio means 0.4 or 40 percent of the company asset is financed by debt.

7 0

3 years ago

The __________ primarily provides for the financing of economic development projects throughout the world.

sergeinik [125]

The World Bank primarily provides for the financing of economic development projects throughout the world.

World Bank is an international financial organization that allows countries around the world to have a loan for capital programs of a certain countries especially programs aiming to end poverty.

7 0

3 years ago

A case study in the chapter analyzed purchasing-power parity for several countries using the price of Big Macs. Here are data fo

goblinko [34]

Answer:

Predicted exchange rate = Country price of Big Mac/ US price of Big Mac

Predicted exchange rate:

Chile = 2,050 / 4.37

= 469.11 Pesos / US dollar

Hungary = 830 / 4.37

= 189.93 Forints / USD

Czech Republic = 70 / 4.37

= 16.01 Korunas / USD

Brazil = 11.25 / 4.37

= 2.57 Real/ USD

Canada = 5.41 / 4.37

= 1.24C$/ US$

According to purchasing power parity, the predicted exchange rate between the Hungarian forint and the Canadian dollar is 153.42 Forint per C$. However, the actual exchange rate is 217 Forint per Canadian Dollar.

Predicted exchange rate = 830 / 5.41 = 153.42 Forint per C$

Actual Exchange rate = 217/1 = 217 Forint per C$

5 0

3 years ago

Financial markets A. channel funds indirectly between borrowers and lenders. B. channel funds directly from lenders to borrowers

Afina-wow [57]

Answer:

B) channel funds directly from lenders to borrowers.

Explanation:

The complete financial system is a means by which money is transferred from savers to borrowers. The financial system is made up of banks, insurance companies, financial markets, and other financial institutions that allow the exchange of money.

Financial markets are the only type of institution that allows the exchange of money from lenders to borrowers without third parties being involved.

6 0

3 years ago

Brennan Manufacturing monitors the number of customer returns for each product model to attempt to track when the organization i

STALIN [3.7K]

Brennan Manufacturing monitors the number of customer returns for each product model to attempt to track when the organization is producing a large number of defective products. This is an example of: Feedback control.

4 0

3 years ago