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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.  

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Presented below is information related to Waterway Company. Cost Retail Beginning inventory $374,710 $283,000 Purchases 1,393,00
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Answer:

$218,050

Explanation:

Please see attachment.

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3 years ago
Example : Yazici Advertising purchased supplies costing 2,500 on October 5. An inventory count at the close of business on Octob
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Question Completion:

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Answer:

Yazici Advertising

Adjusting Journal Entries:

Date            Account Titles            Debit      Credit

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1. Supplies Expense                     $1,500

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To record the supplies expense for the year ended October 31.

2. Insurance Expense                     $50

Prepaid Insurance                                           $50

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Explanation:

a) Data and Analysis:

October 31:

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7 0
3 years ago
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The correct answer is final; a base; final; that same.

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3 years ago
some countries prohibit national firms from investing in specific countries for blank reasons, such as us firms being prohibited
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Sanctions put prohibited on actions related to specific nations, conduct themes, commodities and services, or people and companies. Cuba's economy is a mixed command economy that is predominately made up of state-run businesses.

The state employs the vast majority of the labour force. The Cuban Communist Party, which was in power throughout that decade, prohibited the creation of worker cooperatives and independent business ventures. Financial and trade limitations imposed on a foreign nation are referred to as economic sanctions. These limitations are meant to make life difficult for the citizens of the foreign country so that they would put pressure on the government to change its political policies.

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6 0
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