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
wel
3 years ago
12

In the long run, the economic profits for a monopolistically competitive firm will be rev: 05_15_2018 Multiple Choice the same a

s the profits for a monopolist. the same as the profits for a purely competitive firm. slightly less than the profits of a monopolist. slightly more than the profits of a purely competitive firm.
Business
1 answer:
Gwar [14]3 years ago
8 0

Answer:

The correct answer is same as the profits of a purely competitive firm.

Explanation:

A monopolistic market is characterized by a large number of sellers producing differentiated products which are close substitutes. This market has a relatively easier entry as compared to a monopoly market.  

In the long-run when a monopolistic firm will be earning a positive profit. It will attract other firms to join the market. As new firms enter the market, the market supply will increase. A rightward shift in the market supply curve will cause the price level to decline. This will continue till all the profits decline to zero.

So, similar to a purely competitive firm, a monopolistic firm also earn zero economic profit in the long run.

You might be interested in
A company is planning to move to a larger office and is trying to decide if the new office should be owned or leased. Cash flows
skad [1K]

Answer:  13.26%

Explanation:

Year 0 Investment = $385,000

Incremental Cash flow every year = Cashflow if owned - Cashflow if leased

= 164,000 - 133,000

= $31,500

Incremental cashflow in Year 10 = Incremental Cashflow + Cashflow from sale of property

= 31,500 + 750,000

= $781,500

Using Excel and the IRR function, the rate is = 13.26%

5 0
3 years ago
Aaron Corporation, which has only one product, has provided the following data concerning its most recent month of operations: S
Y_Kistochka [10]

Answer:

Product cost= $75

Explanation:

Giving the following information:

Variable costs per unit:

Direct materials $17

Direct labor $47

Variable manufacturing overhead $11

Under the variable costing method, the unitary product cost is calculated using the direct material, direct labor, and unitary variable overhead:

Product cost= 17 + 47 + 11= $75

6 0
3 years ago
At the end of 2017, companies from one country collectively owned $22 billion in assets in its neighboring country. The $2 billi
Nastasia [14]

Answer:

A. Stock

Explanation:

The Stock of Foreign Direct Investment (FDI) measure the total level of direct investment at a given point in time, usually the end of a quarter or of a year.

The outward FDI stock is the value of the resident investors' equity in and net loans to enterprises in foreign economies.

6 0
3 years ago
if you followed the suggestions of robert m. mcmath, which of these provides the best advice for a marketer for colgate, when la
dimaraw [331]

Robert M. McMath, would be best  for a marketer like Colgate to launch a new consumer product like toothpaste Study past toothpaste product failures and learn from them.

What is Product launching?
A product launch involves multiple teams, including  sales teams, customer support teams, product teams, product marketing, event management, and even managers. Each team aligns and collaborates to maximize go-to-market potential, building anticipation, interest, brand awareness and momentum in the process. Some product launches are more memorable and successful than others. For example, when Apple releases a new iPhone, it circulates several press releases and articles before unveiling the new design at its annual conference. This creates so much excitement and hype that potential users line up at retail outlets overnight to get their hands on the device.

To learn more about Product launching
brainly.com/question/27960275
#SPJ4

5 0
1 year ago
Establishing international treaties that ban the transfer of potentially harmful species from one country to another is a good w
Anna35 [415]
Establishing international treaties .............................. is a good way to control INTRODUCTION OF INVASIVE SPECIES.
Invasive species are those animal species which are removed from a different ecosystem and are brought to a new ecosystem, where they cause damages to other species which originally inhabit the ecosystem. Invasive species can wipe out the native species thus disrupting the ecosystem.
6 0
3 years ago
Other questions:
  • Soho Bottling was started in a kitchen in Brooklyn, New York, and makes soft drinks. After going through the various steps in th
    11·1 answer
  • The following information is available for Baxter Manufacturing for April:
    12·1 answer
  • Swagelok Enterprises is a manufacturer of miniature fittings and valves. Over a 5-year period, the costs associated with one pro
    13·1 answer
  • Florence’s Florals, a retail business, started a $250 petty cash fund on June 1. Below are descriptions of the transactions to e
    12·1 answer
  • You are considering a project in Norway with an initial cost of NKr135,000. The project is expected to return a one-time payment
    7·1 answer
  • ALL ABSURD OR INCORRECT ANSWERS WILL BE REPORTED!!!!
    7·2 answers
  • Suppose we changed the units of the tuition variable, so that the new tuition variable is now simply measured in dollars rather
    14·1 answer
  • A​ monopoly's cost function is CQ and its the demand for its product is pQ where Q is​ output, p is​ price, and C is the total c
    7·1 answer
  • Michael Corporation manufactures railroad cars, which is its only product. The standards for the railroad cars are as follows:
    10·1 answer
  • The process by which a domestic company sells its already sold on its donestic exchange on a foreign stock exchange is called​
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!