Answer: Market failure
Explanation:
When the free market is not able to allocate resources and goods and services efficiently, this situation is referred to as market failure.
Market failure brings about disequilibrium in the market as the quantity supplied and the quantity demanded aren't in equilibrium anymore as there's market distortion. It takes place when the quantity of good. The distortion may be as a result of monopoly power.
Answer:
A. Both types of firms produce at minimum ATC.
Explanation:
A monopolistic competition is when there are many buyers and sellers of differentiated goods and services.
A monopolistic competition is characterised by little or no barriers to entry or exit of firms. In the short run, if a firm is earning economic profit, in the long run, firms enter into the industry and drive economic profit to zero. Also, if the short run, firms are earning economic loss, in the long run, firms would leave the industry and economic profit would be zero.
A monopolistic competition doesn't produce at minimum ATC and as a result it operates with excess capacity.
A perfect competition is characterised by many buyers and sellers of homogenous goods and services.
There are no barriers to entry or exit of firms into the industry. So firms make zero economic profit in the long run.
It produces at minimum atc and where Mr equals mc.
I hope my answer helps you
I don’t know if they’re answer choices with this question, but I believe if she studies 10 hours on her financial investment, and 10 hours on her private bookkeeping business. She’ll have to Atleast study 4 hours on the client record keeping requirement. (hope this helps)
Answer:
Days' sales in receivables= 31.91 days
Explanation:
The day's sales in account receivable ratio is also called average collection period. It states the number of days on the average to collect a business's account receivable.
Days sales turnover is calculated by dividing total number of days in a year by the account recievables turnover ratio.
The formula for accounts receivable turnover ratio= Current credit sales received/ Accounts receivable balance
Accounts receivable turnover= 1,453,909/127,100
Accounts receivable turnover= 11.439
Assume a 365 day year
Days' sales in receivables= 365/Account receivable turnover
Days' sales in receivables= 365/11.439
Days' sales in receivables= 31.908~ 31.91 days
Answer:
B. is a particular set of institutional arrangements and a coordinating mechanism used to respond to the economizing problem.
Explanation:
Economic system -
It is the system that is responsible for the resource allocation , production and the distribution of the services and goods , is known as an Economic system .
Economic system includes - the institutions of decision-making , agencies .
It works to deal with the problem related to the economy of a country or society .
Hence , the correct option is ( b ) .
