Answer:
The reason why people get engaged in business is because they become more productive and people engage in business to make money and get returns on investment.
Explanation: This is the answer I hope this helped you out.
Fess earned from providing services and the aumounts of merhandise sold. hope this is the right awser and I love to help you anytime
If monopolistic competitors must expect a process of entry and exit like perfectly competitive firms, they will be unable to earn higher-than-normal profits in the long run.
<h3>What is a monopolistic competition?</h3>
A monopolistic competition is an industry characterised by many sellers of differentiated goods and services. A monopolistic competition has characteristics of both a monopoly and a perfect competition. A monopolistic competition sets the price for its goods and services. A monopolistic competition makes economic profit in the long run. An example of monopolistic competition are restaurants
A perfect competition is an industry characterized by many buyers and sellers of identical goods and services. Market prices are set by the forces of demand and supply. In the long run, firms earn zero economic profit due to no barriers to the entry and exit of firms.
Here are the options:
A. they will be unable to earn higher-than-normal profits in the short run. O B. they will wish to cooperate to make decisions about what price to charge.
OC. they will wish to cooperate to make decisions about what quantity to produce.
O D. they will be unable to earn higher-than-normal profits in the long run.
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Answer:
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The restaurant worker's earnings closely resemble that of an employee working on commission plus salary.
<h3>What is commission?</h3>
Commission is additional compensation that's earned based on job performance.
It is an extra payment that is accrued during the course of work and are paid in addition to a base salary.
Hence, the restaurant worker's earnings closely resemble that of an employee working on commission plus salary.
Therefore, option D is the correct answer.
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