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3 years ago

Under monopolistic competition, a firm's ability to influence the price of the product it sells arises because:

Business

1 answer:

Vesnalui [34]3 years ago

8 0

Answer:

The answer is because of product differentiation

Explanation:

Under monopolistic competition, the sellers' product are differentiated from one another and this gives the sellers the power to influence prices.

Like perfect competition, the market has many buyers and sellers, free entry and exit but the major difference between the two is the product differentiation.

For example in the mobile phone market, we have Samsung, Infinix, Iphones, Oppo etc. They are all mobile phones but they are different from from one another in the aspect of specifications. iPhones usually charge highest. There is customers' loyalty in this market.

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During September, the capital expenditure budget indicates a $280,000 purchase ofequipment. The ending September cash balance fr

Mariulka [41]

Answer:

$260000

Explanation:

$280k purchase equiment >> Outflow of cash

$40,000>> Operative Cash >> Inflow Cash

$260k >> cash loan in order to achieve balance

------------------------------

$20000 >> Cash balance

5 0

3 years ago

What is the most advanced type of traditional postsecondary degree?

algol [13]

doctoral degree definitely!

6 0

3 years ago

Cybertrex, a manufacturing facility, rented a new piece of equipment on January 1st and agreed to pay an annual rental fee of $1

barxatty [35]

Answer:

4) $120,781

Explanation:

You can calculate the present value of the rental payments in two different ways:

1) multiply the value of the annuity times the present value of the annuity for 10 years = $18,000 x 6.71008 = $120,781

2) or you can divide calculate the present value of every annuity and then add them up

present value = ($18,000 / 1.08) + ($18,000 / 1.08²) + ($18,000 / 1.08³) + ($18,000 / 1.08⁴) + ($18,000 / 1.08⁵) + ($18,000 / 1.08⁶) + ($18,000 / 1.08⁷) + ($18,000 / 1.08⁸) + ($18,000 / 1.08⁹) + ($18,000 / 1.08¹⁰) = $16,667 + $15,432 + $14,289 + $13,321 + $12,250 + $11,343 + $10,503 + $9,723 + $9,004 + $8,337 = $120,781

7 0

3 years ago

Activists believe that ________. it takes a very long time to reach the long run frictions to the self-correcting mechanism of m

dimulka [17.4K]

Answer: All of the above

Explanation:

The Long run is a period of time where all the factors of production of a firm are variable. For example, a firm can establish a bigger factory. It takes a longer period of time than the short run.

John Maynard Keynes also believed that in the long run, we are all dead. Also, an economy will self-correct because shocks matter in the short run and not the long run. The self-correction mechanism talks about price adjustment. When there is a shock, prices will adjust and the economy will be brought back to the long-run equilibrium.

5 0

3 years ago

Read 2 more answers

What is the name of the practice that many modular organization use to grow? Multiple Choice operational effectiveness outsourci

Nana76 [90]

Answer:

Strategic leveraging

Explanation:

It is the ability of the organization to change it's competitive position and market share as well and grow in the industry to a great extent.

Strategic leverage is defined as a company's maneuver (its ability to change its competitive position in a market) multiplied by its return (changes in revenue, market share, or both that result from any maneuver).

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4 years ago