Answer:
a. marginal revenue is equal to marginal cost.
Explanation:
Monopolistic competition can be defined as an imperfect competition where many producers or organizations sell differentiated products that are not perfect substitutes. Examples of firms or organizations engaging in a monopolistic competition are restaurants, shoes, clothing lines etc.
Generally, a monopolistic competitive market is characterized by the presence of large numbers of firm (producers) and a very low entry barrier.
Hence, in a monopolistic competition, firms have a degree of control over price, make independent decisions and can freely enter or exit the market in the long-run. Therefore, these firms combine elements of both monopoly and competition.
When a monopolistically competitive firm is in long-run equilibrium marginal revenue is equal to marginal cost 
. This ultimately implies that in the long-run, firms engaging in monopolistic competitive market are often going to manufacture the quantity of goods where the marginal cost (MC) curve intersect with the marginal revenue (MR). Also, the price set would be greater than the minimum average total cost (ATC).
<em>Thus, a monopolistic competitive producer has a highly elastic demand curve and firms would eventually break even in the long-run. </em>
Answer:
A: Increase Cash $6,000 and increase Unearned Service Revenue $6,000
Explanation:
As the customer is performing the payment in advance, it will generate an obligation to the business to do the wedding gowns. This will not be a revenue; it will be liability for the business until the job is done. While the job is incomplete and undelivered, it will represent unearned service revenue.
The presence of barriers to entry in a particular market will generally make acquisitions MORE likely as an entry strategy.
A primary cause for a company to pursue an acquisition is to: b. reap greater market energy.Top Industries simply went through a restructuring and is experiencing reduced hard work costs.
Diversification of the goods, services and long-term possibilities of your enterprise. A goal commercial enterprise may be capable of provide you services or products which you may promote via your personal distribution channels. lowering your expenses and overheads thru shared marketing budgets, accelerated buying strength and decrease costs
Disclaimer:-Your question is incomplete,for ncomplete quwestion question see below.
The presence of barriers to entry in a particular market will generally make acquisitions __________ as an entry strategy.
a. more likely
b. less likely
c. prohibitive
d. illegal
Learn more about acquistions strategy here:-brainly.com/question/23971468
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Answer:
Note: <em>The options attached belongs to another question, so the answer is not included</em>
Premium liability at December 31, 2020 = ((510,000*60%) - $130,000) / 8*3
Premium liability at December 31, 2020 = 176,000 / 24
Premium liability at December 31, 2020 = 7,333.33
Premium liability at December 31, 2021 = 7333.33 + ((600000*60%) - 150000) / 8*3
Premium liability at December 31, 2021 = 7333.33 + 360,000 - 150,000
Premium liability at December 31, 2021 = 217,333.33
Answer:
Return on investment will be 9.38 %
So option (c) will be correct option
Explanation:
We have given purchase price = $60
Dividend received = $0.63
Selling price = $65
We have to find the return on investment
We know that return on investment is given by
Return in investment ![=\frac{selling\ price-purchase\ price+dividend\ received]}{purchase\ price}=\frac{65-60+0.63}{60}=0.0938=9.383](https://tex.z-dn.net/?f=%3D%5Cfrac%7Bselling%5C%20price-purchase%5C%20price%2Bdividend%5C%20received%5D%7D%7Bpurchase%5C%20price%7D%3D%5Cfrac%7B65-60%2B0.63%7D%7B60%7D%3D0.0938%3D9.383)
%
So return on investment will be 9.38 %
So option (c) is the correct option
