All categories

3 years ago

When entry occurs in a monopolistically competitive industry.

Business

1 answer:

astra-53 [7]3 years ago

5 0

Answer:

O the perceived demand and marginal revenue curves for each firm will shift to the left.

Explanation:

Monopolistically competitive industry is an industry that has many firms that produce similar but differentiated products. The products are differentiated through branding.

As more firms enter the industry, both the perceived demand and marginal revenue curves for each firm industry will shift to the left. This is because, new firms have made available more substitutes to existing products making the demand for existing products to reduce. As the demand reduces, demand curve shift to the left, and this also makes marginal revenue to shift to the left.

You might be interested in

Last year Electric Autos had sales of $165 million and assets at the start of the year of $280 million. If its return on start-o

ohaa [14]

Answer: 16.9697%

Explanation:

Sales = $165 million

Assets in beginning of year = $280 million

Assets return on start of the year = 10%

$Return\ on\ Net\ Assets =\frac{Operating\ Profit}{Net\ Assets}\times 100$

$\frac{Return\ on\ Net\ Assets\times Net\ Assets}{100} =Operating\ Profit$

$\frac{10\times 280}{100} =Operating\ Profit$

Operating Profit = 28

$Operating\ Profit\ Margin = \frac{Operating\ Profit}{Sales\ revenue}$

$Operating\ Profit\ Margin = \frac{28}{165}\times 100$

= 16.9697%

8 0

3 years ago

The 'why?' question of the three questions design framework is

Ierofanga [76]

Why is why do you do what you do? What's your purpose?
People buy why you do it. Not what you do.

If someone asks "What is you're why for having a job?" you may reply with something like this..
"My why is my family. I get up every morning and work to provide for my family. To put food on the table, clothes on their back and gas in our vehicles. Family is important to me and I want to see them happy. I work hard so I can provide the necessities and the fun things in life, for the people I love most!"

6 0

3 years ago

Read 2 more answers

Ecuador uses the _______ as currency.

Karo-lina-s [1.5K]

As of 2006, the us dollar is Ecuador 's national currency

7 0

3 years ago

A couple who files a joint tax return has $120,000 of AGI before considering a $40,000 loss from rental real estate activities i

earnstyle [38]

Answer:

None of the above

Explanation:

The joint tax filling has a tax rate of 12% for amounts up to $77,400 and 22% beyond that amount.

If the loss is adjusted in the current year, then the before tax income becomes $80,000. Therefore, the entire loss should be adjusted in the current year as the carryforward will entail a higher tax outflow in the current period.

Therefore, The answer is None of the above.

8 0

3 years ago

A bridge design firm is performing an economic analysis of two mutually exclusive designs for a highway overpass. The steel gird

Anettt [7]

Answer:

Please find attached solution

Explanation:

8 0

3 years ago