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Tasya [4]
3 years ago
8

Which characteristic does monopolistic competition NOT have in common with perfect competition?

Business
1 answer:
OverLord2011 [107]3 years ago
4 0

Answer:

C. Products of individual firms are different.

Explanation:

The monopolistic competition market has many competing sellers and manufacturers (businesses). In this type of market, firms compete by producing substitute (differentiated) goods that can replace each other, while not competing homogeneous goods. The production of differentiated goods gives this market both a competitive and monopolistic feature, but prices cannot be determined by a small number of companies due to the large number of sellers in the market. The important thing in the monopolistic competition market is that the goods are interesting, preferred and indispensable.

Monopolistic competition features:

1) There are many sellers.

2) Differentiated products, products are not exactly the same as in the competitive market.

3) Firms are not determining the price.

4) Each firm has a decreasing demand curve.

5) Companies can enter and leave the market without restrictions. This traffic continues until the profit of the companies becomes worthless.

Perfect competition market; In a market, it is the market where no seller has the power to influence the price of the product he sells. There are very strict conditions for a market to be in perfect competition, and therefore it is difficult to find a full competition market in the real world. In full competition, P = MR = D and parallel to the quantity axis

By saying the Conditions of Perfect Competition Market-perfect competition market is based on four assumptions:

1) There are many buyers and sellers in the market.

2) Homogeneity Condition: Each firm produces and sells the same and homogeneous type product.

3) Mobility Condition: Firms can easily enter and exit the market.

4) Clarity Condition: Buyers and sellers have all the information about the market.

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Katie's Dinor spent $84,000 to refurbish its current facility. The firm borrowed 80 percent of the refurbishment cost at 9.2 per
jenyasd209 [6]

Answer:

The question is missing the below options:

$1,333.33

$1,401.49

$1,108.91

$1,282.16

$1,487.06

Monthly payment is $1,401.49  as shown below

Explanation:

In calculating the amount of each monthly payment, PMT formula in excel comes very handy.The formula is stated below:

PMT(rate,nper,pv,-fv)

The rate is the percentage of interest payable on the loan considering that repayment is made monthly, hence the rate in this case 9.2% divided by number of repayments in a year,12

rate=9.2%/12=0.007666667

nper is the number of times repayment would be made, which is calculated as five years multiplied by the number of repayments in a year i.e 5*12=60

pv is the actual amount borrowed , 80%*$84000=$67200

The fv future value is nil

PMT(0.007666667 ,60,67200,0)

PMT=$1,401.49

Find attached as well.

Download xlsx
6 0
3 years ago
Why would it be better to be in a partnership?
s2008m [1.1K]

Answer:

A partnership is easy and inexpensive to establish

the business benefits from pooled knowledge and skills of different partners

the workload is shared

more partners can be added,which could help increase capital

partnerships are not compelled by law to complete audits on financial statements

Explanation:

6 0
2 years ago
Read 2 more answers
Which of the following would an economist most likely classify as a need
taurus [48]
It is D. A part-time job to earn extra money.
7 0
3 years ago
In the decision-making process, after you have chosen the right solution, what is the next step? A. Act on your decision. B. Ref
krok68 [10]
I’m not pretty sure about this answer but in my opinion it’s B
4 0
3 years ago
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Shawn exchanges a factory building for an apartment building in a qualifying like-kind exchange. The factory has a basis of $350
Setler [38]

Answer:

a.$30,000

b.The alternative i could suggest to Shawn is that he may sell the factory building instead of him to purchase the apartment building in order for him to recognize the loss which will inturn lower his taxes.

Explanation:

a. Calculation of what is Shawn’s realized gain or loss and the basis of the apartment building

Since Shawn tend to received the apartment building which has a Fair Market Value of $320,000 in exchange of his $350,000 worth of factory , this means he had a lost of $30,000 which is calculated as ($320,000-$350,000) which can therefore be deferred

b. The alternative i could suggest to Shawn is that he may sell the factory building instead of him to purchase the apartment building in order for him to recognize the loss which will inturn lower his taxes.

6 0
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