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
snow_tiger [21]
3 years ago
13

Monopolies can earn positive economic profits in the long run while monopolistically competitive firms cannot due to

Business
1 answer:
inessss [21]3 years ago
4 0

Answer:

barriers to entry in monopoly but not in monopolistic competition.

Explanation:

Imagine a situation where a monopolistically competitive firm is doing very well and is able to earn economic profit (profits higher than normal) in the short run. Since this company is earning higher than normal profits, other companies will enter the market and start competing against them hoping to get a piece of that abnormally high gain. As more competitors enter the market, economic profits will start to decrease until finally they are eliminated.

Since monopolies do not face competition, they can earn economic profits in the long run.  

You might be interested in
Prices usually reflect a. both the value of a good to society and the cost to society of making the good. b. only the cost to so
quester [9]

Answer:

The correct answer is letter "A": both the value of a good to society and the cost to society of making the good.

Explanation:

Price is the monetary value of a good or service that consumers are willing to pay and producers are willing to accept. <em>For companies, it represents the production costs of the good plus the unitary revenue they expect to obtain. For consumers, it is the value they provide to the good offered according to the type of need the good is destined to fulfill.</em>

7 0
4 years ago
From the consumer’s perspective, the elements of an imc strategy can be viewed as being either.
Stells [14]

The correct answer is Passive or Interactive.

From the consumer’s perspective, the elements of an IMC strategy can be viewed as being either Passive or Interactive.

<h3>What do you understand about the concept of IMC strategy? </h3>
  • Integrated Marketing Communication.
  • It refers to a process of combining and uniting the different parts of communication like public relations, audience analytics, social media etc. to form a brand identity that remains like a constant.
  • IMC helps the companies to work on multi-pronged marketing campaigns and identify the right audience and target that audience with right channels.
  • It helps in building trust, it is very cost effective and it helps in improving efficiency.

To learn more about IMC visit:

brainly.com/question/15290848?

#SPJ4

8 0
2 years ago
Control involves _____________, by definition.
anygoal [31]
D I think is correct answer.
6 0
3 years ago
Katie, a single taxpayer, is a shareholder in Engineers One, a civil engineering company. This year, Katie’s share of net busine
scoray [572]

Answer:

A) Katie's maximum deduction is $200,000 x 20% = $40,000

But we must check that her deduction meets 3 requirements:

  1. cannot exceed 50% of her earned wages = $300,000 x 50% = $150,000 ✓ requirement met
  2. cannot exceed 25% of her earned wages + 2.5% of qualified property = ($300,000 x 25%) + ($150,000 x 2.5%) = $78,750 ✓ requirement met
  3. cannot exceed 20% of taxable income = $400,000 x 20% = $80,000 ✓ requirement met

B) Katie's maximum deduction is $400,000 x 20% = $80,000, but since her net business income is higher than her taxable income, she must calculate 20% x $350,000 (taxable income) = $70,000 (same as requirement 3 in previous answer)

3 0
3 years ago
What does the phrase "like animals escaped from their caves" imply about the sun's impact on the children? (Paragraph 60)
Burka [1]

This question is about the phrase "Like animals escaped from their caves".

This phrase refers to the impact of sun on children. Children are innocent and they want to enjoy their life. They do not have worries of life.

They are free from stress. If weather is rainy or snowy it may hinder children from going out.

Children will have to stay inside their house due to bad weather conditions so they will loose their creativity.

The Phrase "Like animals escaped from their caves" means sun will compliment children to play and go outside.

The correct answer is B. The sun makes the children feel free.

Learn more at brainly.com/question/25859367

5 0
2 years ago
Other questions:
  • Mr. A, a cash-basis taxpayer, sold his business in the current year for $120,000. The contract allocated $40,000 to inventory an
    14·1 answer
  • If management identifies even one material weakness in internal control, then management will conclude that the organization’s i
    9·1 answer
  • What is the maturity date of a loan for $4,000 at 15% exact interest taken out on June 7? The amount of interest on the loan was
    14·1 answer
  • Decathlon Corp., a sports shoe manufacturer, launches a new line of sports shoes. To promote the product, Decathlon Corp. invite
    14·1 answer
  • Arturo hires Kate to work in new sporting goods store. "Look," he explains, "I can only pay you $9.00 per hour. But if business
    8·1 answer
  • Which of the following careers is most likely to require business skills? a)Systems Analyst b)Hardware Engineer c)Software Engin
    13·1 answer
  • Prepare entries in a job order cost system and job cost sheets.
    10·1 answer
  • The budgeted income statement presented below is for Burkett Corporation for the coming fiscal year. If Burkett Corporation is a
    5·1 answer
  • True or False: In a competitive labor market, increasing the minimum wage always raises the number of employed workers.
    6·1 answer
  • Curtis was recently laid off and was given severance pay on the condition that he agreed not to criticize the organization publi
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!