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
Karolina [17]
4 years ago
5

Graphically, how does a monopolistically competitive firm determine its profit-maximizing price? Question 7 options: It accepts

the price set by the industry-wide forces of supply and demand. The firm's pricing structure is set by government regulators. Graphically, it finds the place where MR = MC and charges the price directly to the left of that point. The firm determines its profit-maximizing output and then charges the price associated with the point on its demand curve directly above that quantity.
Business
1 answer:
laiz [17]4 years ago
4 0

Answer:

The correct answer is the last option: The firm determines its profit-maximizing output and then charges the price associated with the point on its demand curve directly above that quantity.

Explanation:

To begin with, the monopolistically competitive firm is working in the market that determines its profit-maximizing price by first determining its output level in the point where it marginal costs equals its marginal revenue and then it charges the price that finds itself above that quantity level determined previously by the output level and that is in the average revenue curve that finds it above the marginal revenue curve

You might be interested in
PLEASE HELP WITH THIS
Olegator [25]

The United States government is in debt. But is this a problem? After all, can’t the federal government simply print more money without repercussions? Unfortunately, the solution is not that simple. What could happen they didn't pay it off? The government not paying off there debt could increase interest rates, which could then increase prices and contribute to inflation. The stock market would also suffer if they don't pay it off. Ways they could reduce the national debt would be, raising taxes,  slashing government expenses, and cutting military expenditures.

(I didn't know if your first sentence was your intro or not, sorry! you may take it out if not. Hoped this helped!)

7 0
2 years ago
Typical, day-to-day decision making in a manager-managed llc is performed by
ella [17]
LLC stands for limited liability company.LLC is private limited company<span> in which the ist members cannot be held personally liable for the company's debts or liabilities</span><span>
Typical, day-to-day decision making in a manager-managed LLC is performed by </span>the managing members. 
3 0
3 years ago
Let the inverse demand function and the cost function be given by P = 50 − 2Q cost function of firm 1: C1 = 10 + 2q1 cost functi
vovikov84 [41]

Answer: -c=+6q

Explanation:

3 0
3 years ago
Jose, a migrant worker who lived in a mobile home, died in a fire. The smoke alarm of the mobile home malfunctioned and did not
SpyIntel [72]

Answer:

These are the options for the question:

  • Breach of duty.
  • Strict liability.
  • Recklessness.
  • Negligence per se

And this is the correct answer:

  • Negligence per se

Explanation:

Negligence per se consist in act that is neglectful, or unlawful, because it explicitely violates a statue or regulation.

In this case, the statue was the new state law that required smoke detectors to be maintained. The company that installed the smoke detector inside Jose's house clearly did not maintain the detector because otherwise, it would have gone off when the fire started, and Jose probably would not have died.

It is a negligence per se from the smoke detector company, and Jose's wife can lawfully sue them for that very reason.

5 0
3 years ago
The management of Axil Inc., an investment firm, believes in providing the best facilities to its employees. It decides to provi
WITCHER [35]

Answer:

Free choice

Explanation:

There are three domains of human action that is codified law, domain of ethics and domain of free choice. Under the domain of free choice, people enjoy complete freedom and are not governed by written down regulations or rules. People are governed by their own personal standards under the domain of free choice.

4 0
4 years ago
Other questions:
  • A broker-dealer receives a court order directing it to turn over the customer account records of Joe Jones, a customer with a su
    15·1 answer
  • In the bicycle industry, the feel of high-end bicycles when they are ridden is important. As a serious rider becomes accustomed
    7·1 answer
  • A tax that can be passed onto someone else is known as a/an _______ tax.
    7·1 answer
  • When creating a budget, log fixed expenses
    10·2 answers
  • Which of the following is not one of the six key decisions in project management?
    5·1 answer
  • Here is me ik im ugly but im getting my hair cut so a boy cut any ideas
    14·2 answers
  • Molly, a company mediator, had agreed to help Martin and Samir. The two men had been in constant conflict ever since they became
    10·1 answer
  • One of the advantages of owning a small business is: Group of answer choices interest-free loans all of the above flexibility gu
    11·1 answer
  • Should a room attendant share information with others about a guest if he/she thinks what the guest is doing is morally wrong?
    9·1 answer
  • Please help with Income Statement ​
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!