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
Anton [14]
3 years ago
8

In monopolistic competition there is an under-allocation of resources at the profit-maximizing level of output, which means that

rev: 05_15_2018 Multiple Choice ATC is not equal to MC. price is greater than minimum ATC. price is greater than MC. price is greater than MR.
Business
1 answer:
Naya [18.7K]3 years ago
4 0

Answer:

price is greater than MC.

Explanation:

A monopoly is a market structure which is typically characterized by a single-seller who sells a unique product in the market by dominance. This ultimately implies that, it is a market structure wherein the seller has no competitor because he is solely responsible for the sale of unique products without close substitutes. Any individual that deals with the sales of unique products in a monopolistic market is generally referred to as a monopolist.

For example, a public power company is an example of a monopoly because they serve as the only source of power utility provider to the general public in a society.

Monopolistic competition can be defined as the market structure which comprises of elements of competitive markets (having many competitors) and monopoly.

In monopolistic competition there is an under-allocation of resources at the profit-maximizing level of output, which means that price is greater than marginal cost (MC).

You might be interested in
Differences in production efficiencies among nations in producing a particular good result from:.
shutvik [7]

Answer:

-Different endowments of fertile soil.

-Different amounts of skilled labor.

-Different levels of technological knowledge.

Explanation:

4 0
2 years ago
Read 2 more answers
During 2019, John was the chief executive officer and a shareholder of Maze, Inc. He owned 60% of the outstanding stock of Maze.
harina [27]

Answer:

Throughout the clarification segment elsewhere here, the definition of the concern is outlined.

Explanation:

  • Yes, Mr. John becomes qualified to something like a bad debt benefit for the balance including its interest made on either the loan.
  • Although Maze is obligated to declare the same here in his tax filing throughout respect including its loan lent over him from the United National Bank mostly as professional and non-borrower.
8 0
4 years ago
A production possibilities frontier that is a straight line shows a a truer picture of the real world than does a bowed-out prod
VladimirAG [237]

Answer:

B.

Explanation:

The production possibilities curve shows the trade off, where the more of them of one item toy choose to produce means a corresponding decrease in the other item.

The curve represents the maximum productivity of two different items.

The curve also shows that the trade off may not be a 1 to 1 ratio. At each end, it only takes a small diversion of resources to produce a large quantity of the other item.

All points in the curve are possible and equally efficient in production. The points outside of the curve are impossible with own production. The points inside the curve are inefficient.

8 0
3 years ago
An organization should adopt planning and strategic management to Multiple Choice provide direction and momentum, encourage new
galina1969 [7]

Answer:

provide direction and momentum, encourage new ideas, and develop a sustainable competitive advantage.

Explanation:

Planning and strategic management is of utmost importance in terms of providing direction and momentum, encouraging new ideas, and developing a sustainable competitive advantage.

Without direction, a company is bound to go hay wire and lose focus from the end goal. New ideas are fuel to the engine of a company. Continuous innovation keeps it running. It needs to develop a competitive advantage from the competitors to survive in the brutal market.

6 0
3 years ago
Which of the following is an example of a functional skill?
s344n2d4d5 [400]
I would assume it's A, because you need to communicate to calm them down, which happens to be a functional skill
7 0
3 years ago
Read 2 more answers
Other questions:
  • Select all that apply.
    6·2 answers
  • Thornton Industries began construction of a warehouse on July 1, 2018. The project was completed on March 31, 2019. No new loans
    14·1 answer
  • A 17 year old child has $1,000 of adjusted gross unearned income for 2017 and no earned income. The marginal tax rate of the chi
    11·1 answer
  • Determining of property tax rate
    12·1 answer
  • A depreciation of the US real exchange rate induces US consumers to buy: __________
    14·1 answer
  • When an investor borrows money to buy stock it is called
    12·2 answers
  • Julie wants to buy a car and is deciding how she should invest her money. To best meet her needs, she should
    6·1 answer
  • A debit balance in the Allowance for Doubtful Accounts A. indicates that actual bad debt write-offs have exceeded previous provi
    11·1 answer
  • It is possible to observe a positive nominal interest rate together with a negative real interest rate. a. True b. False
    9·1 answer
  • If an economy produced 220 pounds of jelly beans at $5 per pound and 90 pounds of gum drops at $2 per pound in 2016, its real gr
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!