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Anit [1.1K]
3 years ago
10

Monopolistically competitive markets are characterized by a large number of firms A economies of scale B standardized products C

mutual interdependence D positive economic profit in the long run
Business
1 answer:
zavuch27 [327]3 years ago
7 0

Answer:

The answer is B. standardized products

Explanation:

Monopolistic Competition has the following characteristics :

1. There large numbers of buyers and sellers

2. The products offered by sellers are close substitutes for the products offered by another seller.

3. The costs associated with entry and exit are low.

4. Sellers differentiate their products through advertising, branding etc.

Know that the most distinguishable factor in this market is product differentiation or standardized products.

The extent to which the seller is successful in product differentiation determines pricing power in the market.

The demand curve in this market is downward sloping i.e increase in price will lead to decrease in quantity demanded. This market is similar to perfectly competitive market.

The economic profit will fall to zero in the long run because the entry costs are not high.

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Suppose that Portugal and Switzerland both produce fish and olives. Portugal's opportunity cost of producing a crate of olives i
Rashid [163]

Answer:

Portugal has comparative advantage in producing olives.

Switzerland has comparative advantage in producing fish.

Portugal can gain from trade if it receives more than 3 pounds of fish per crate of olives.

Switzerland can gain from trade if it receives more than 1/11 of olives for each pound of fish.

d. 18 pounds of fish per crate of olives.

Explanation:

Switzerland and Portugal both countries can produce Olives and fish. One country has advantage in producing fish while other has advantage in producing olives. Both countries can gain from trade if they find a intermediary way so that both countries can be in win win situation. It is beneficial for Portugal if it trades with Switzerland if it receives more than 3 pounds of fish.

4 0
3 years ago
Melanie works in the public relations department at a major university. She is the editor of an internal newspaper, called Updat
Maurinko [17]

Options:

A) employee affairs

B) corporate relations

C) internal relations

D) employee relations

E) house communications

Answer:D) employee relations.

Explanation: Employee Relations is a term used in the field of human resources management to describe the various steps and actions put in place by an organisation in order to ensure a high performing,motivated and a positive relationship with its staff.

THROUGH AWARDS AND OTHER REWARD SYSTEMS ORGANISATIONS CAN EFFECTIVELY MAINTAIN A POSITIVE EMPLOYEE RELATIONSHIP.

6 0
3 years ago
Which of the following is true of an unsecured loan?
Ilya [14]

The statement "The value of an item where the borrowers owned but they are not at the repossession risk" is to be true.

The unsecured loan is the type of loan in which there is no need for any type of collateral property.

The lender does not takes the assets of the borrower as the security but it gives the approval of an unsecured loan depends upon the creditworthiness of the borrower.

Examples are:

  • Personal loans.
  • Students loans.
  • Credit cards.

The following information related to unsecured loans is

  1. It does not for cars, houses, or any other large purchases
  2. In this, the collateral does not involve.
  3. It contains high interest.

Therefore we can conclude that,  option d is correct.

Learn more about the unsecured loan here: brainly.com/question/8347317

7 0
2 years ago
Read 2 more answers
A horse was galloping at a speed of 50km/h for the first 12 minutes. For the next x minutes, the horse became fatigued, and its
loris [4]

Answer:

16km Answer

see image for solution

8 0
3 years ago
The Fine Art Museum, a not-for-profit entity, allocated expenses 80% to programs and 20% to general and administrative.
yuradex [85]

The preparation of the necessary journal entries for The Fine Art Museum is as follows:

<u>Journal Entries</u>:

a. Debit Cash $500,000

Credit Admissions Fees $500,000

  • To record the receipt of admissions fees in cash from visitors.

b. Debit Cash $250,000

Credit Admissions Fees $250,000

  • To record the receipt of special admissions fees for "Friends of the Museum."

c. Debit Salary Expense $250,000

Credit Salary Payable $60,000

Credit Cash $190,000

  • To record salary expense paid and payable.

d. Debit Operating Expenses $400,000

Credit Operating Expenses Payable $30,000

Credit Cash $370,000

  • To record operating expenses paid and payable.

Debit Supplies $50,000

Credit Operating Expenses $50,000

  • To transfer operating expenses to Supplies.

Debit Supplies Expense $30,000

Credit Supplies $30,000

  • To record supplies expense for the year.

e. Debit Pledges Receivable $200,000

Debit Cash $150,000

Credit Pledges Receivable $150,000

Credit Allowance for Uncollectible Pledges $30,000

  • To record pledges receivable and allowance for uncollectibles.

f. Debit Cash $600,000

Credit Sale of collections $600,000

  • To record the sale of wonderful collections from a will.

Data Analysis:

Allocation of Expenses:

Programs = 80%

General and Administrative = 20%

a. Cash $500,000 Admissions Fees $500,000

b. Cash $250,000 Admissions Fees $250,000 ($25 x 10,000)

c. Salary Expense $250,000 Salary Payable $60,000 Cash $190,000

d. Operating Expenses $400,000 Operating Expenses Payable $30,000 Cash $370,000

Supplies $50,000 Operating Expenses $50,000

Supplies Expense $30,000 Supplies $30,000

e. Pledges Receivable $200,000 Estimated Receivable Pledges $170,000

Uncollectible Pledges $30,000

Cash $150,000 Pledges Received $150,000

f. Cash $600,000 Sale of collections $600,000

Learn more: brainly.com/question/16781277

3 0
2 years ago
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