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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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The materials, personnel, effort, and money that enter a system are called _____ .
Nitella [24]

Answer:

The materials, personnel, effort, and money that enter a system are called the input

It cannot be envirmont or output  becuase it is personal things not public.

Explanation:

Hope this helps,

Have a great day!

4 0
2 years ago
Following a self improvement plan takes a lot of discipline.<br> a. True<br> b. False
BARSIC [14]
The correct answer is B). True , this is true because trying to train yourself to do something is very hard , this is a fact because we all have something that distracts us believe it or not.

Planning to self improve your actions or thinking can be quite tricky due to daily habits and hobbies.

I hope this helps you.  
8 0
3 years ago
Read 2 more answers
There are many buyers and sellers in the market for trumpets.
ra1l [238]

If the economy's income rises, the price of a normal good like a trumpet will rise and the quantity will increases.

If the number of trumpet producers on the market increases, this means that there will be an increase in supply, which can mean greater availability of these goods and, consequently, a reduction in price.

In a situation where there are few substitutes for trumpets, demand will be relatively inelastic, as consumers are not as sensitive to price changes due to low availability.

<h3 /><h3>What is the law of supply and demand?</h3>

They are economic concepts related to the quantity of a good available in the market and its price, which are determined by the law of supply and demand, impacted by economic forces, such as income, producers, and policies for example.

Therefore, the greater the supply than the demand, the lower the prices, and the lower the supply, the higher the prices.

Find out more about supply and demand here:

brainly.com/question/1222851

#SPJ1

3 0
2 years ago
Two computers each produced 43,000 public utilities bills in a day. One computer printed bills at the rate of 8,600 an hour and
saul85 [17]

Based on the rate at which the computers are printing bills, the number of bills that the second computer was still to print was 4,000 bills.

<h3>How long did the first computer take to finish?</h3>

= Number of bills / Bills per hour

= 43,000 / 8,600

= 5 hours

<h3>How many bills was the second computer left with?</h3>

This can be found by the formula:

= Number of bills to print - Bills printed in 5 hours

= Number of bills to print - ( Bills printed per hour x Number of hours)

Solving gives:

= 43,000 - (7,800 x 5)

= 4,000 bills

Find out more on calculating rates at brainly.com/question/145385.

3 0
2 years ago
Brenda has recently been denied a promotion. This is the third time she was turned down for promotion despite excellent performa
Serggg [28]

Answer: The options are given below:

A. a diversity-oriented employer

B. a wide span of control

C. the glass ceiling effect

D. the black swan effect

E. an affirmative action

The correct option is C. The Glass Ceiling Effect

Explanation: The glass ceiling is a term used in organizations, it is a metaphor that is used to refer to an invisible and artificial barrier that prevents women and minority groups from being promoted to top managerial and executive level positions within an organization.

The scenario presented above is a perfect example of the glass ceiling effect, this is because, though Brenda is qualified for the promotion, she is denied it regardless, because "that's just the way things are". As you can see, the reason for the denial of her promotion is not a professional issue, just a tradition to always suppress the advancement of certain categories of people.

6 0
3 years ago
Read 2 more answers
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