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antiseptic1488 [7]
3 years ago
6

Because this market is a monopolistically competitive market, the firm's average cost in long-run equilibrium is the long-run av

erage cost it would achieve as a firm operating in a perfectly competitive market. The production level of a monopolistically competitive firm in long-run equilibrium is the production level of a perfectly competitive firm. This difference in output is predicted by the
Business
1 answer:
Tems11 [23]3 years ago
7 0

Answer:

The correct answer is "Higher than, Lower than and Excess production theory".

Explanation:

Under Monopolistic Competition:

Average cost = 70

Production level = 50

Under perfect competition:

Average cost = 65

Production level = 70

  • Excess capacities are a circumstance where an economic performance would be less than the commodity that somehow a company might offer to that same marketplace.
  • Throughout terms of long-lasting balances, the commodity demand of such a monopolistic competition corporation is lesser than that of a complete business entity.
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Chun Hei is carrying out a marketing research study. Even after seeking all reasonable available secondary data sources, she has
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The correct word for the blank space is:  primary.

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The answer is B) Operations
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Predeparture language and cultural training can:a. significantly increase the cost of an international assignment. b. increase t
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THE PURPOSE OF THIS TRAININGS IS TO REDUCE THE UNCERTAINTY ABOUT HOW TO ACT IN A FOREIGN COUNTRY.

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7 0
3 years ago
The majority of 401 (k) plans are participant directed.<br> a)true<br> b) false
xxTIMURxx [149]

The plans regarding the contributions made to the 401(k) plans are directed by the participant, who is also known as an employee of the organization.

<h3>Who is a 401(k) plan?</h3>

A 401(k) can be referred to as a feature of a profit-sharing plan that enables the employees to make a partial contribution of their wages to their individual accounts.

An employee is referred to as a participant for the purpose of this plan. It is further to be noted that this plan is as per the voluntary directions of the participant.

Hence, it holds true that majority of the 401(k) plans are participant directed.

Learn more about 401(k) plans here:

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