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8_murik_8 [283]
4 years ago
15

Why do monopolistic firms exhibit excess capacity?

Business
1 answer:
Sonja [21]4 years ago
7 0

Answer:

Excess capacity under monopolistic competition is caused by product differentiation that leads to product variety and quality, which is beneficial to consumers. Consumers generally do not prefer homogenous products. Technically, excess capacity increases consumer satisfaction.

Explanation:

(hope this helps)

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When Sandra and Charles Givens were divorced, the court ordered a division of property and awarded Sandra $65,000. The award was
taurus [48]

Answer:

Yes, it is a binding contract.

Explanation:

A contract is a legal binding agreement between two or more parties at the court of law. The agreement could be in terms of money, services, right or duties between the parties involved.

Since a consent has been reached between the two parties before the judge, Charles would pay the sum in the stipulated manner. The acceptance of the offer of payment by Sandra made it a binding contract for Charles, so he is bound by this service until he pays the full amount to Sandra.

3 0
4 years ago
If the supply curve and the demand curve for lettuce both shift to the left by an equal amount, what can we say about the result
Anna [14]

Answer:

d. The price will stay the same, but the quantity will increase.

Explanation:

When the demand and supply both fall, the equilibrium quantity will definately fall but the price will remain the same. The new supply adapts to the reduction of the demand.

6 0
4 years ago
Which questions about risk should someone ask before making a big purchase? Check all that apply.
Diano4ka-milaya [45]

The questions to be answered before making a purchase are the following;

<span>·         </span>What problems are most likely to happen? – an individual should think of the problems that may arise based on his or her decisions

<span>·         </span>What could go wrong? – the individual should not only be concerned with the purchase but what might happen after

<span>·         </span>What problems could be most damaging? – choices are made available and to think about in order to think whether your choices could cause problems or harm

8 0
3 years ago
Read 2 more answers
Jackson goes to the Jewelry Mart to buy an engagement ring for his significant other. The salesperson shows Jackson a beautiful
Aneli [31]

Answer:

Jackson will likely try to give the diamond back, and if the Jewerly refuses to give him back his money, he will likely lose if he sues them, because the saleperson only expressed an opinion, not a factual statement, and it was up to Jackson whether to believe him or not.

6 0
3 years ago
ComTek Limited has an order to sell 50,000 central processing units (CPUs) to Brazil, but the Brazilian government stipulated th
satela [25.4K]

Answer:

The correct answer is option C

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Explanation:

Local content management are policy measures that protects domestic industries/manufacturers from foreign industries by allowing a certain percentage of goods to be produced locally against foreign imports.

5 0
4 years ago
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