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Rina8888 [55]
3 years ago
14

Which statement concerning monopolistic competition is false? a. Long-run equilibrium under monopolistic competition and pure co

mpetition both entail zero economic profits for firms. b. Monopolistic competition is likely to result in a greater variety of product brands than pure competition. c. The monopolistically competitive demand curve is more elastic than the demand curve facing a monopoly. d. Long-run equilibrium in monopolistic competition does not entail any economic inefficiency because of easy entry and exit.
Business
1 answer:
11111nata11111 [884]3 years ago
5 0

Answer:

b. Monopolistic competition is likely to result in a greater variety of product brands than pure competition.

Explanation:

Monopolistic competition is a competitive structure in which few companies operate in an industry that offers the same type of service or product, but differences. In this way each firm holds the relative monopoly of the product. For example, in the toothpaste market, companies sell the same product (toothpaste) but each company tries to differentiate their product from others.

In the competitive structure, several companies sell various products in a free competitive regime, having no monopoly power. Thus, the number of companies and products is infinitely larger than in monopolistic competition.

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in 2021, kiana's house boat was destroyed by a storm in a region that was declared a federal disaster area by the president. she
luda_lava [24]

Kiana will report under the head of natural disaster and its compensation amount is also exempt.

  • In income tax, there are a total of five heads of income viz
  1. income from salary
  2. Income from house property
  3. Income from profits and gain of business or profession
  4. Income from capital gains
  5. Income from other sources
  • Each head of income describes different features of income that are taxable.
  • Income tax is a tax levied on income or profits received by an individual or entity. Income tax is usually calculated as the product of tax rate and taxable income.
  • Tax rates vary depending on the type and characteristics of the taxpayer and the type of income.

Thus, Kiana's loss results from a natural disaster that is exempt under section 10(10BC).

To know more about income tax refer : brainly.com/question/26316390

#SPJ4

5 0
1 year ago
How do tariffs impact international trade?
torisob [31]

Helllllooooo!!!!! I am going to answer your question, my very best!! Don't expect me to be proffessor smart, i barely in grade 9! If i answer well, i want brainliest please! If i do not answer well, please comment!

Tariffs cost a lot of money to ship overseas the products people want.  More demand is required as well as a variety of a lot of domestic products from multiple countries. Trade needs to be well within countries and ships need to be maintained. The trade balance may go wrong sometimes, such as a shipwreck. Then there will be a lot of international complications, not known to the public. Companies will pay more for the lost goods.

I wasn't sure if you wanted specifics, hope this works. HAVE A GREAT WEEK!

3 0
4 years ago
Read 2 more answers
Riva crafts and sells hard cider as a part-time job. She can bottle and sell four cases in a week. She is considering hiring her
Dovator [93]

Answer:

3 cases

Explanation:

Marginal product refers to change in the total output when an additional input is employed. For example, output is 5 units when 2 laborers are employed. When another unit of input i.e 3rd laborer is employed, the output rises to 9 units. In this case marginal product of the 3rd unit of labor would be 9 - 5 i.e 4 units.

In the given case, before Atul is hired, the production was 4 cases per week. After his being hired, it rose to 7 cases per week. Thus Atul's marginal product in the given case would be 7 - 4 i.e 3 cases.

8 0
3 years ago
One year of college tuition at a state school is about the same cost as a toyota camry. this is an example of:
Galina-37 [17]

Correct option: real value

The real value is the value of something (any product or service) in terms of other product or service while Nominal value is the value of something in terms of money. Here the value of college tuition which is a service is equal to the cost of Toyota Camry which is a product. Since the value of a service is equal to the value of a product, this is an example of real value.



7 0
3 years ago
Read 2 more answers
What is the ability of an organization to tailor its products or services to the customer's specifications?
kap26 [50]

Answer:

Mass Customization

Explanation:

Mass Customization -

It is a manufacturing and marketing strategy ,

where huge range of services and products are altered or changed according to the likes and dislikes of the customers , is referred to as mass customization.

It is also known as built - to - order and made - to - order.

These type of method are used in order to increase the sale of the goods and service , by modifying the goods according to the customers satisfaction.

Hence , from the question,

The correct term is mass customization.

6 0
3 years ago
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