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blondinia [14]
3 years ago
12

Monopolistic competition is characterized by excess capacity because: firms are always profitable in the long run firms charge a

price that is greater than marginal cost firms produce at an output level less than the least-cost output the demand for a product is perfectly elastic in this type of industry
Business
1 answer:
raketka [301]3 years ago
8 0
Demand for a product is perfectly elastic in this type of industry. Monopolistic competition occurs whereby the market is made up of many consumers and many producers and the product/service offered by the producers is differentiated. In this case, the producers are price makers as they posses significant pricing power. One key characteristic across the board is that since a similar range of products is being offered, demand is highly elastic and can easily shift based on small changes made by the producer.
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Due to an uncertainty whether or not a new tax is applicable to printing companies, ABC Printers submitted a legal query to the
liubo4ka [24]

Answer:

No, a reversal of a ruling shall not be given a retroactive application if it will be prejudicial to the taxpayer.

Explanation:

Based on the information provided it can be said that No, a reversal of a ruling shall not be given a retroactive application if it will be prejudicial to the taxpayer. Meaning that the BIR can not assess ABC Printers for back taxes because ABC Printers was following the rulings made by BIR at that time correctly, the change in ruling applies to taxes only after the change has been made and not before. Therefore as long as ABC Printers begins paying taxes now, then the BIR has no standing.

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3 years ago
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VladimirAG [237]

Answer:

animal shelter: feeding the animals giving them baths and walking them maybe

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Explanation:

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7 0
3 years ago
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Dawnie deposited $350 in a savings account earning 2% interest over 3 years.
Ghella [55]
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4 0
3 years ago
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A new project would require an immediate increase in raw materials in the amount $6,000. The firm expects that accounts payable
Monica [59]

Answer:

<em>The project will increase the net working capital of the firm by $4000</em>

Explanation:

Net working capital measure how fast a company can convert its asset to cash, the networking capital can be obtained with the expression below;

net working capital (NWC) = current assets - current liabilities

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NWC= Increase in raw materials-increase in accounts payable

          =$6,000 -$2,000

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3 0
3 years ago
Advantages of discounted payback period​
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Answer:

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8 0
3 years ago
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