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2 years ago

Confronted with the same unit cost data, a monopolistic producer will charge Group of answer choices

Business

1 answer:

dsp732 years ago

5 0

Answer:

a higher price and produce a smaller output than a competitive firm

Explanation:

A monpolistically competitive firm is a firm that :

1. Sells differentiated products from other firms in the industry.

2. Has many buyers and sellers

3. Is a price maker

4. Has no barrier to entry or exist of firms

An example of a monpolistically competitive firm is a resturant.

A competitive firm is a firm that:

1. Sells identical goods with other firms in the industry.

2. Is a price taker . Prices are set by forces of demand and supply

3. Has many buyers and sellers

4. There are no barriers to entry or exist of firms.

When a monopolistic and competition firm are faced with the same unit cost, a monopolistic firm would aim to earn profit by increasing its price and reducing the quantity produced.

While a perfect competition would sell at the price set by the forces of demand and supply. The firm can increase the quantity produced in order to increase revenue.

A monopolistic firm is able to charge a higher price for its products while a perfect competition isn't.

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prisoha [69]

Answer:

Explanation:

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wholesale price = $325

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= 7800 × 325

= $2535000

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2 years ago

suppose you invest $2250 in a CD that earns 3% APR and is compound quarterly. the cd matures in 2 years. how much will this cd b

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2 years ago

Job A3B was ordered by a customer on September 25. During the month of September, Jaycee Corporation requisitioned $2,100 of dir

Zina [86]

Answer:

Total work in process = $12,900

Explanation:

Provided information,

Cost incurred during the month on this order

Direct Materials = $2,100

Direct Labor = $3,600

Provided overheads are 200% of the direct labor cost = $3,600 $\times$ 200% = $7,200

Thus month end balance of work in process = $2,100 + $3,600 + $7,200

Total work in process = $12,900

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Total work in process = $12,900

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2 years ago

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MAXImum [283]

Solution:

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Gain on Sale /8 years = $4,375

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2 years ago

How much money is 75 pounds of gold worth?

Agata [3.3K]

<span>$1,347,472.70 is the correct answer</span>

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2 years ago