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Nataly [62]
3 years ago
12

n monopolistic​ competition, each​ firm's markup​ ______ that in perfect​ competition, and the price is​ ______ than in perfect

competition. A. is the same​ as; higher B. ​exceeds; higher C. is the same​ as; same as D. ​exceeds; same as The total quantity produced by the firms in monopolistic competition is​ _______ the total quantity produced by firms in perfect competition. A. greater than B. less than C. equal to
Business
1 answer:
CaHeK987 [17]3 years ago
8 0

Answer:

The correct answer is option B.

The correct answer is option B.

Explanation:

In a monopolistic market, the markup of each firm is higher than that of a firm in perfect competition. Price is higher as well. The firm in perfect competition is a price taker. The price is determined by the market forces. While, on the other hand, in a monopolistic market the firm is price maker. The price is determined by the interaction of marginal revenue and marginal cost.  

Perfect competition has both productive as well as allocative efficiency. So the output produced in perfect competition is higher.

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Gullett Corporation had $30,000 of raw materials on hand on November 1. During the month, the Corporation purchased an additiona
Bogdan [553]

Answer:

The journal entry to record the purchase raw material would include a debit to raw material of $79000 and credit to Raw materials of $109000..

Explanation:

Since the raw material is coming into the company, we have debit raw material and the opening balance is already there in the books of the business. hence raw materials increases.

7 0
3 years ago
. A rise in the price of corn will cause a (Click to select) in the Supply Curve for corn. b. A decrease in the price of seed (a
Nadusha1986 [10]

Answer:

move along upwards

shift out

shift in

Explanation:

A change in price of a good leads to a movement along the supply curve and not a shift of the supply curve.

Other factors other than a change in the price of the good would lead to a shift of the supply curve. Such factors include :

  1. A change in the price of input
  2. A change in the number of suppliers
  3. Government regulations

When the price of corn increases, the quantity supplied of corn increases. this is in line with the law of supply.

according to the law of supply, the higher the price, the higher the quantity supplied and the lower the price, the lower the quantity supplied.

This would lead to a movement up along the supply curve

If the price of seed which is an input to corn decreases, it becomes cheaper to produce corn. As a result, the supply of corn would increase. this would lead to an outward shift of the supply curve.

If the number of grocery stores decreases, there would be a reduction in supply. As a result, the supply curve would shift inwards

8 0
3 years ago
What is a new market?
Viefleur [7K]

Answer:

a new market simply means a new group of people never before reached

Explanation:

7 0
4 years ago
Qualification, Certification, and Credentialing Personnel are part of which NIMS Management Characteristic? A. Information and I
ollegr [7]

Answer: C - Comprehensive Resource Management

Explanation: Comprehensive Resource Management is one of the component included in the National Incidence Management System (NIMS)

7 0
3 years ago
A young customer who is a novice investor wishes to begin an investment program. He is eligible for his employer's 401(k) plan,
nirvana33 [79]

Answer:

The answer is "Option D"

Explanation:

The first bit of wisdom can offer a consumer qualifying for a 401(k) program is to make regular donations to the program, especially when the business provides employee benefits, therefore the correct choice is to make direct payment donations to the 401(k) plan of both the employee at minimum to just the contributing amount of the employee.

3 0
3 years ago
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