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
LekaFEV [45]
3 years ago
14

For each of the following characteristics, check which types of firm it describes: a monopoly firm, a monopolistically competiti

ve firm, both, or neither.
Characteristic Monopoly Monopolistically Competitive
1. Faces a downward-sloping demand curve
2. Has marginal revenue less than price
3. Faces the entry of new firms selling similar products
4. Earns economic profit in the long run
5. Equates marginal revenue and marginal cost
6. Produces the socially efficient quantity of output
Business
1 answer:
kobusy [5.1K]3 years ago
3 0

Answer:

1. Faces a downward-sloping demand curve  

  • BOTH MONOPOLIES AND MONOPOLISTICALLY COMPETITIVE FIRMS HAVE A DOWNWARD SLOPING DEMAND CURVE

2. Has marginal revenue less than price  

  • ONLY MONOPOLIES

3. Faces the entry of new firms selling similar products  

  • NEITHER, SINCE MONOPOLISTICALLY COMPETITIVE FIRMS OFFER DIFFERENTIATED PRODUCTS, NEW COMPETITORS WILL NOT OFFER SIMILAR PRODUCTS. MONOPOLIES HAVE THE ADVANTAGE OF BARRIER ENTRIES THAT PREVENT NEW FIRMS FORM ENTERING THE MARKET.

4. Earns economic profit in the long run  

  • ONLY MONOPOLIES, BECAUSE MARKET BARRIERS PREVENT NEW FIRMS FROM ENTERING THE MARKET.

5. Equates marginal revenue and marginal cost  

  • BOTH MONOPOLIES AND MONOPOLISTICALLY COMPETITIVE FIRMS MAXIMIZE ACCOUNTING PROFITS AT THIS POINT

6. Produces the socially efficient quantity of output

  • NEITHER
You might be interested in
You are trying to explain to your friends the importance of using real GDP to measure economic health over time, but some of the
Yuri [45]

Answer: $15,909.09

Explanation:

Nominal GDP is the value of goods and services that is calculated on the basis of current year prices whereas Real GDP is the value of goods and services that is determined on the basis of Base year prices. If we are using the identical price for both the years for calculating GDP then we can see the increment in the current year GDP from the last year. This means that the quantity of goods produced in the current year is larger than the last year. That's why it is important to use Real GDP rather than Nominal GDP.

Given that,

Nominal GDP (millions of dollars) = $14000

Price level (GDP deflator) = 88

\text{GDP dflator}=\frac{Nominal\ GDP}{Real\ GDP}\times100

\text{88}=\frac{14,000}{Real\ GDP}\times100

Real GDP = 159.09 × 100

                = $15,909.09

Hence, Real GDP = $15,909.09.

Therefore, Real GDP is greater than Nominal GDP hence we can say that the amount of good produced is worth more than $14,000.

3 0
3 years ago
50 points !!!!! Please help me!!! This is about Simple path to wealth by JL Collins
Irina18 [472]

Answer:

sorry need koren po ng point kasi mag a ask lang din nmn po ako thnks po:(

6 0
3 years ago
Improving your flexibility can benefit you in many ways. It can help you execute precise and difficult maneuvers better in sport
GarryVolchara [31]

Answer:

Explanation:

A good flexibility program will prevent injuries and increase performance. It helps to relax the muscles, enhances the posture and also improves blood flow.

3 0
3 years ago
To break even, a business must sell enough units to ________. cover all its costs cover its fixed costs cover variable costs ear
Lostsunrise [7]

To break even, a business must sell enough units to determine the point to cover all its costs cover its fixed costs cover variable costs earn a profit.

If your fixed expenses are ten thousand dollars and also you sell a product for hundred dollars that has an according-to- sell enough unit variable fee of forty-five dollars, you will perform this calculation of ten thousand divided by way of a hundred minus forty-five.

The break-even point is 181.81 products, which you can round up to 182 products you ought to sell to interrupt even. The destroy-even point is the factor at which total fee and overall sales are the same, which means there is no loss or advantage in your small commercial enterprise. fixed costs-Contribution margin in keeping with unit. Your ruin-even point in units will tell you exactly how many devices you need to sell to show earnings. if you're able to sell greater gadgets past this point, you may earn a profit.

Learn more about Earn a profit here:-brainly.com/question/18179970

#SPJ4

6 0
1 year ago
You were left $100,000 in a trust fund set up by your grandfather. The fund pays 6.5% interest. You must spend the money on your
pickupchik [31]

Answer:

The answer is 27,408.71

Explanation:

Solution

Recall that:

You were left with a trust fund of =$100,00

Interest rate = 6.5%

Money with drawled = 4 installments

Now,

The step to take is to find you could withdraw currently at the start of each of the next 3 years with a zero account to end up with.

Now,

100, 00 = X (1 - (1.065)^-4/.065/1.065

We now solve for X

Thus

X =7,408.71

By applying or using a financial calculator

We arrange it to an annuity due setting - [2nd] [BGN] then [2nd] [Set] this will set it to mode "BGN"

So,

N = 4

I/Y = 6.5

PV = -100,000

FV = 0

CPT PMT

The payments are known to to be 27,408.71

Note : Kindly find an attached copy of the Financial calculator below

3 0
3 years ago
Read 2 more answers
Other questions:
  • Nolan Company's cash account shows a $29,193 debit balance and its bank statement shows $28,152 on deposit at the close of busin
    6·1 answer
  • Parent Co. invested $1,000,000 in Sub Co. for 25% of its outstanding stock. Sub Co. pays out 40% of net income in dividends each
    6·1 answer
  • "Try reorganizing your company. Make sure that all of the employees who are doing one kind of work report to the same manager. W
    11·1 answer
  • CodeDesk Inc matches programmers with freelance jobs. It has 35 employees who staff its online chat room. It receives, on averag
    7·1 answer
  • A company can shorten its cash cycle by: __________
    11·2 answers
  • The following revenue and expense account balances were taken from the Income Statement columns of the end-of-period spreadsheet
    6·1 answer
  • Project L costs $45,000, its expected cash inflows are $11,000 per year for 8 years, and its WACC is 8%. What is the project's d
    14·1 answer
  • There is an inverse relationship between followers and engagement -- surprisingly, the more followers, the LESS engagement with
    8·1 answer
  • Which primary management responsibility includes the process of creating budgets?
    5·1 answer
  • unearned revenue, an operating liability, arises when a company receives cash before any goods are delivered or services are ren
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!