1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Vesnalui [34]
3 years ago
7

In the long-run, a firm in monopolistic competition is like: a monopolist in that it earns a positive profit. no other firm in a

ny market structure in that it breaks even while earning positive economic profit. a firm in perfection competition in that it earns normal profit. an oligopolist in that its behavior is based on what it expects others in the industry will do.
Business
1 answer:
SpyIntel [72]3 years ago
7 0

Answer:

1. False

2. True

4. False

Explanation:

In the long run, a firm in a monopolistic competition may not make positive profit why because they have a highly elastic demand, meaning the market is sensitive to price changes. Profit may turn negative in the long run, as they spend heavily on marketing because there are many firms offering products that are similar although not identical.

True, there are few barriers to entry in monopolistic competition.This makes monopolistic competition similar to perfect competition since all firms are able to enter into the market if they feel the profits are okay.

Oligopoly is different from monopolistic competition since firms set prices collectively in a cartel or under the leadership of one firm, rather than taking prices from the market. However, In monopolistic competition, there are many producers and consumers in the marketplace who can take unexpected decisions (independent decisions), but oligopoly blocks new entrants, and increase prices.

You might be interested in
Which of the following layouts seeks the best personnel and machine utilization in repetitive or continuous​ production? A. ​Pro
Nat2105 [25]

Answer: Product-oriented layout

Explanation: The product-oriented layout is a production procedure where the materials and tools are located at the assembly lines.

This layout reduces the cost and time used in the handling of machines whereby optimizing the use of space. The product-oriented layout is mostly used when the same products are made without differences.

5 0
3 years ago
An automobile manufacturer produces and sells the Energy-Saver Car in North America. It also produces and sells the Smart Little
Sergio039 [100]

Answer:

We will get $7680(thousands)

Explanation:

Answer

If we read the given data values in the passage, it is clear that the mean annual number of smart little cars in china is 7500 and the variance is equal to 6400

The variance is given for the number of cars, but not for the profit.

So, we need to convert the numerical value(number of cars) to money value(profit)

it is given that net revenue per car is $1.2 (thousands)

So, multiplying the net revenue by number of cars

we get, variance in profit = 6400*1.2 = $7680 (thousands)

3 0
3 years ago
Job cost sheets can provide information to managers on unit cost trends, the cost impact of continuous improvement in the manufa
Lera25 [3.4K]

Answer:

Yes its True ✅

5 0
3 years ago
Concord has the following inventory information. July 1 Beginning Inventory 30 units at $15 $450 7 Purchases 90 units at $23 207
serg [7]

Answer:

COGS= $2,060

Explanation:

Giving the following information:

July 1: Beginning Inventory 30 units at $15 $450

July 7: Purchases 90 units at $23 2070

July 22: Purchases 10 units at $20 200

Ending inventory in units0 30 units

<u>First, we need to calculate the number of units sold:</u>

Units sold= total units - ending inventory in units

Units sold= 130 - 30

Units sold= 100

<u>Now, to calculate the cost of goods sold under the FIFO (first-in, first-out), we need to use the cost of the firsts units incorporated into inventory:</u>

COGS= 30*15 + 70*23

COGS= $2,060

4 0
3 years ago
List a minimum of four reasons why you might be rejected for a job offer.
zavuch27 [327]

Answer:

You may not have the experience, you may not meet their requirements, unsuitable personality, dont have the skills

Explanation:

Hope this helps

3 0
3 years ago
Read 2 more answers
Other questions:
  • Techno is planning a security offering under regulation d, rule 505. under this rule, techno can
    7·1 answer
  • what is the most appropriate closing for a business letter? a. your friend, b. sincerely, c. anxiously, d. take care,
    5·1 answer
  • A break-even analysis ________.
    8·1 answer
  • 3. Explain why price is equal to marginal revenue in pure competition but not in a monopoly. Include in your explanation why the
    14·1 answer
  • Ace Industries has current assets equal to $3 million. The company's current ratio is 1.5, and its quick ratio is 1.1. What is t
    6·1 answer
  • Johnstone’s Realty is a new discount, menu-based brokerage firm. Its approach usually results in a lower listing commission rate
    12·1 answer
  • A quasi-public good is: A. a public good that is produced profitably by private firms, without government subsidy. B. one charac
    14·1 answer
  • The Duerr Company manufactures a single product. All raw materials used are traceable to specific units of product. Current info
    12·1 answer
  • $500 at 3.2% for 3 years <br> $450 at 3.1% for 4 years<br> $515 at 3% for 3 years?
    8·1 answer
  • You are asked to give a presentation for a local university business class. What should you focus on first when preparing for yo
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!