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ratelena [41]
3 years ago
13

Which of the following statements is true about profits in a monopolistically competitive market? A. Most firms will earn substa

ntial profits from year to year.
B.Many firms will earn profit in the short term, but they must constantly innovate and compete to earn profits in the long term.
C.Profits are rare in monopolistically competitive markets.
DMonopolistically competitive firms are as profitable as monopoly firms.
Business
1 answer:
nydimaria [60]3 years ago
7 0
<span>The true statement about profits in a monopolistically competitive market is:

B.Many firms will earn profit in the short term, but they must constantly innovate and compete to earn profits in the long term. 

Examples of monopolistic competition:
1) hotel and restaurant businesses
2) consumer services like hair dressers, spa, etc
3) pubs and bars

</span>
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Shondra performing the planning process of management functions. Planning means, first of all looking ahead and chalking out future courses of activity to be followed by each and every member of an organization as here Shondra is setting up a new department soon after she is chalking out future courses of duty of the manager and every member of the particular department which is very important for the smooth and effective running of an organisation.

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3 years ago
If an investment of $35,000 is earning an interest rate of 8.00%, compounded annually, then it will take for this investment to
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Therefore the required time period is 3 years.

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\Rightarrow (1+0.08)^n=\frac{44089.92}{35000}

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