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3 years ago

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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Dionne just learned that her company will be announcing layoffs at the end of the month. She is completely overwhelmed by the ne

pochemuha

The answer to the blank space is stress. To be more specific, what Dionne is experiencing a form of stress known as distress, because it is causing her negative or adverse effects, since she is overwhelmed because of it.

There is also another type of stress called eustress which will give the person who is perceiving it a better performance or even a better feeling.

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3 years ago

HELP

evablogger [386]

Answer to this question is all of above. D.

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2 years ago

Olessa, single and age 60, sells her home for $540,000 after living there for 20 years. Her adjusted basis in that home was $220

Karo-lina-s [1.5K]

Answer:

Net gain = $60,000

Explanation:

Given:

Sale value of house = $540,000

Adjusted value = $220,000

Selling expenses = $10,000

Computation of gross profit on the house:

Gross profit on sale = Sale value of house - Adjusted value - Selling expenses

Gross profit on sale = $540,000 - $220,000 - $10,000

Gross profit on sale = $310,000

Maximum limit on gain from sale of house = $250,000(Form number 1040, Schedule D)

Computation of net gain:

Net gain = $310,000 - $250,000

Net gain = $60,000

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3 years ago

( ____/10) Economic Growth a. Define GDP, identify what is not included, define the four components, and give an example of each

Harlamova29_29 [7]

Answer: Gross domestic product (GDP) is the monetary value of the market value of all final goods and services produced in a country at a specific time period.

Explanation:

Economic growth is the increase in the total output of goods and services in the economy.

Gross domestic product (GDP) is the monetary value of the market value of all final goods and services produced in a country at a specific time period. The four components of the gross domestic product (GDP) are personal consumption, business investment, government spending, and net exports (difference between export and import)

GDP = C + I + G + (X - M).

where C = consumption

I = investment

G = government expenditure

(X - M) = Net Export

The items not included in the are

1. Sales of goods produced outside the domestic borders of a country.

2. Sales of used goods.

3. Black market i.e. the illegal sales of goods and services.

4. Intermediate goods.

Nominal GDP is measure of the monetary value of all the final goods and services that are produced within a country at current market prices while Real GDP is the measure of a country’s output using the value of its goods and services, investments, government spending and exports. Real GDP is the nominal GDP and adjustment in inflation or deflation.

For example, if nominal GDP is $120,000 and the deflator is 1.4. Calculate Real GDP.

Real GDP = Nominal GDP / Deflator

= 120000 / 1.4

= $ 85714.29

7 0

3 years ago

Harrison Company maintains a checking account at the First National City Bank. The bank provides a bank statement along with can

oksano4ka [1.4K]

Answer:

Harrison company

Step 1.

Preparation of adjusted Cash Book

Balance as at July 31, 2016 = $40,293

Add: bal. of Deposit by credit customer = ($3,100 - $310) = $2,790

Deduct: Bank Service charge = -$30

Deduct: NSF checks = -$1,750

Deduct: loan repayment plus interest = -$3,870

Adjusted Balance =$37,433

Step 2. Bank reconciliation statement

As at 31st July 2016

Balance as per Bank Statement = $38,293

Deduct: uncleared Cheques = -$8,530

Add: Deposits outstanding = $7,400

Add: over disbursement by bank due for recovery = $270

Adjusted Bank Statement = $37,433

Compared to Adjusted Cash Book = $37,433

Difference = $0.

Step 3.

Journal entries required

Debit Cash Account with $2,790

Credit Account Receivables with $2,790

(Under recorded Customer deposit on sales)

Debit NSF expense = $1,750

Debit Loan Account with $2,900

Debit interest on Loan Account with $970

Debit Bank Charges expense a account with $30

Credit Cash Account with $5,650

(Direct debits to bank account on sundry transactions)

Explanation:

A bank reconciliation statement is presented to reconcile a 3rd party (Bank) statement of our Account and the Account maintained by the business in house.

The objective of the Bank reconciliation statement includes:

1. Identify the missing entries in either records

2. Flag the corrections the Bank needs to do to bring our balance to a correct state

3. Pass Journals to capture entries we have missed out or captured incorrectly

4. Identify unassigned entries for investigation

5 0

3 years ago