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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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Answer:

Check the explanation

Explanation:

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8 0
3 years ago
1. is stay-alive inc. an effective team? why or why not? 2. how were the various team behaviors performed in this agency? what r
andre [41]

Is Stay-Alive Inc. an effective team because properly attend meetings. Distinct teams perform different functions at Stay-Alive Inc., which has a hierarchical organization. Proper teamwork, the organization has grown more effective. Encourage staff to work and ensure that new technology is employed in the workplace. In team building, major disagreements and misunderstandings arise.

What is team?

A team is an individual or group of people, all working together to achieve a common goal. Teamwork is the most important thing in the organization.

Is Stay-Alive Inc. staff at least attend 5 meetings in a week. Is Stay-Alive Inc. as hierarchical structure of team work. The organization benefits from proper team building. Employees need to be well trained and motivated in their jobs. In a team-building session, conflict and communication hurdles are generated.

As a result, Is Stay-Alive Inc. an effective team and improving performance.

Learn more about on team-building, here:

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7 0
1 year ago
15. If, in the economy described, government spending increases by $200 million, what will be the associated change in equilibri
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Answer:

$200 (million)

Explanation:

If the government spending increases by $200 million, then associated change in equilibrium income will be $ 200 million, assuming that Marginal Propensity to Consume (MPC) is 1

6 0
3 years ago
Which of the following is NOT a role increasing the government's complex relationship with business?
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Answer: C. government cannot have buying power

Explanation:

6 0
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Answer:

To calculate the amount of interest that Cecil was charged we can use the following formula:

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interest charged = (19% / 365) x 30 x $190 = $2.97

3 0
3 years ago
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