read the question carefully and think about efficiency in monopolistic competition while answering this question. as firms enter and exit a monopolistically competitive market, what happens to productive efficiency in the long run? group of answer choices
a. the strongest firms will survive and the market will morph into an oligopolistic market.
b. productive efficiency will not be reached because in the long run, economic profits reach equilibrium.
c. prices will rise to unprecedented levels, and productive efficiency will be reached.
d. price will eventually intersect the average cost curve at a point where price > average cost, and productive efficiency will not be reached
Answers
The correct option for the given question is the option "d. price will eventually intersect the average cost curve at a point where price > average cost, and productive efficiency will not be reached".
Monopolistically competitive markets are those markets where products sold by the producers are not identical but are differentiated and can be distinguished on the basis of quality, style, brand name, location, packaging, etc. Therefore, the producers have the power to influence the price of their products.The firms in a monopolistically competitive market are free to enter or exit the market. The entry of new firms in the market leads to an increase in the competition in the market. As the number of firms increases, the demand curve for each firm becomes more elastic, and each firm's market power decreases. This, in turn, leads to a decrease in the price of the product. Similarly, when firms exit the market, the competition decreases, and the market power of each firm increases. This, in turn, leads to an increase in the price of the product.In the long run, the price of the product will eventually intersect the average cost curve at a point where price > average cost. At this point, the firm is making economic profits. But, since the market is monopolistically competitive, new firms will enter the market, which will increase competition. This, in turn, will lead to a decrease in the price of the product, and the economic profits of the firm will be reduced. Therefore, in the long run, productive efficiency will not be reached.
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Related Questions
What kinds of ""failures"" occur when you experiment in order to learn under conditions of high uncertainty?.
Answers
when we experiment in order to learn under conditions of high uncertainty the failure like the ability to evaluate a proposal's value and justify further investment.
An investment is a dedication of an asset to achieve an increase in value over a period of time. Investing requires the sacrifice of current assets such as time, money, and effort.
In finance, the purpose of an investment is to get a return on the money you invest. Revenue consists of realized gain (profit) or loss from the sale of real estate or investment, depreciation (or depreciation) of unrealized capital, or investment income such as dividends, interest or rental income, or a combination of capital income and income. increase. Returns may also include exchange gains/losses due to exchange rate fluctuations.
Investors generally expect higher returns from higher-risk assets. Low-risk investments usually have lower returns. Similarly, high risk is associated with high-profit opportunities.
Investors, especially beginners, are often advised to diversify their portfolios. Diversification has the statistical effect of reducing overall risk.
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Corey, the chief financial officer of Maurectric Inc., an electronics company, is also an investor in the stockmarket. As the shareholder of various other companies, he attends the Annual General Meetings of thosecompanies. This helps him study the financials and financial strategies followed by other companies in the sameindustry. In the context of managerial roles, which of the following roles does Corey illustrate in this scenario?
a. The leader role
b. The liaison role
c. The disseminator role
d. The figurehead role
Answers
Answer:
The liaison role
Explanation:
From the question we are informed about Corey, the chief financial officer of Maurectric Inc., who is an electronics company, is also an investor in the stockmarket. As the shareholder of various other companies, he attends the Annual General Meetings of thosecompanies. This helps him study the financials and financial strategies followed by other companies in the sameindustry. In the context of managerial roles,in this case, the roles does Corey illustrate in this scenario is
liaison role.
A liaison role can be regarded as role that is been played by person for liaison in between two firms or two particular organizations so that he/she can communicate as well as coordinating their activities through his/her service as as an official go-between carrying out this role to senior officials of both organizations.. liaison officer should always attends the organization key meetings.
Help me guys please! I have to submit it today :((
Answers
Answer:
oh no!
Explanation:
SOWWYYYY!!!
Help me please I’m gonna cry if I don’t finish this
Answers
Answer:
this is your answer
8.490
2.288
(16.300)
2.750
mark as brainlist
Sophia and Victoria spend their day at a daycare center while their mother goes to workPicking up her children after 6:30 results in a late fee of $5 per child for every 10 minutes the mother late Due to traffic the mother expects to be 20 minutes late. How much would she be willing to pay for a toll road that would get her to the daycare center on time? A) Any price less than $10.
B) Any price less than 20
C) She would not be to pay out of pocket to avoid traffic.
D) Any price less than 5$
Answers
Considering the situation described above, Sophia and Victoria's Mother would be willing to pay anything below $20.
There is a late fee of $5 per child for every 10 minutes the mother is late.
Also, given that the estimated time to be late is 20 minutes, that is $5 × 2 per child => $10.
And since there are two children involved (Sophia and Victoria), should the mother be late for 20 minutes, she would pay $10 × 2 (Child) => $20.
Hence, the mother would be willing to pay a toll road of anything less than $20 to get her to the daycare center on time. Otherwise, if the toll is more than $20, and she spent 20 minutes late, that's not economically wise.
Therefore, in this case, it is concluded that the correct answer is option B. "Any price less than $20."
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you have been instructed to destroy several old hard drives that contained confidential information, so you take them to a local company that specializes in this process. the it director wants confirmation that the drives were properly destroyed. what do you need to provide him with?
Answers
you need to provide him with a certificate of destruction.
In 1982, the German thrash metal group Destruction was founded. They are frequently referred to as one of the "Big Four" bands of German thrash metal, together with Kreator, Sodom, and Tankard. Destruction was a part of the second wave of thrash metal in the mid- to late 1980s, alongside American bands like Testament, Sacred Reich, Death Angel, and Dark Angel, and contributed to the creation of black metal by containing various aspects that would later make up the genre. The band had to self-produce its albums for the most of the 1990s because it was not signed to a record label, and they did so until they entered into an agreement with Nuclear Blast in the early 2000s.
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miller corp. can make three individual deliveries to three different customers at a transportation cost of $600 each or can consolidate them into one shipment with a transportation cost of $1,200 and a stop-off charge of $100 per stop. should miller corp. consolidate the shipments?
Answers
Miller Corp. should consolidate the shipments because it can save a total of $300.
What is consolidated shipping?Consolidated shipping is described as the form of a shipment process in which the cargo to be shipped is combined and that cargo is then delivered to each of the buyers or customers. It is an effective process that reduces the cost of the shipment and reduces damage to the cargo.
Given that,
Transportation cost of each cargo = $600
Consolidated cargo costs = $1200
Stop-off charge per stop = $100
Non-consolidated cost = 3 x 600 = $1800
Total charges for cargo consolidation = 3x100 + 1200 = 300 + 1200 = $1500
Hence, the difference between non-consolidated and consolidated cargo = $1800 - $1500 = $300
It can be concluded that Miller Corp. should consolidate the shipments because it can save a total of $300.
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A stock with a beta > 1 has returns that are ___________ volatile than the market.
Answers
A stock with a beta > 1 has returns that are more volatile than the market.
If beta is more than one, the returns on the enterprise inventory are greater risky than the marketplace go back. An agency inventory with a beta of more than one is referred to as an aggressive stock. If beta is much less than one, the returns on the company inventory are less risky than the market go back.
A stock that swings greater than the market over the years has a beta above 1.0. If a inventory moves much less than the marketplace, the inventory's beta is much less than 1. zero. high-beta shares are purported to be riskier but provide better go back potential; low-beta stocks pose much less threat but additionally decrease returns.
Beta is a statistical measure of the volatility of a inventory versus the general marketplace. A beta above 1 approach a inventory is more volatile than the general market. A beta below 1 way a stock is much less risky than the overall marketplace.
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Name 4 things you can buy insurance for?
Answers
Answer:
Weather, Car, house, and appliances.
Explanation:
Its simple
Home Insurance.
Life Insurance.
Disability Insurance.
Health Insurance.
ill give brainliest to whoever can guess what number im thinking of 1-10
Answers
Answer:
7?
Explanation:
Answer:
6!
Explanation:
Which type of market are you in if your company, along with three other companies, controls 95 percent of the total music industry? A. monopolistic competition B. perfect competition C. monopoly D. oligopoly
Answers
Answer: the answer to your question is D) oligopoly
Explanation:
Answer:
it's D. oligopoly
Explanation:
Oligopoly is a market structure where only a few large firms control a major share of the market.
savvy sightseeing had beginning equity of $73,000; revenues of $93,000, expenses of $66,000, and dividends to stockholders of $9,100. there were no stockholder investments during the year. calculate ending equity.
Answers
Beginning with the given information, we start with a beginning equity of $73,000. We then add the revenues, which amount to $93,000, and subtract the expenses, which total $66,000.
This calculation gives us the net income, which is the difference between revenues and expenses, equal to $27,000. Next, we subtract the dividends paid to stockholders, which amount to $9,100. To calculate the ending equity of Savvy Sightseeing, we need to consider the beginning equity, revenues, expenses, and dividends.
Dividends represent the portion of the company's earnings distributed to its shareholders. By subtracting the dividends from the net income, we arrive at the retained earnings, which is $17,900 ($27,000 - $9,100). Finally, to calculate the ending equity, we add the retained earnings to the beginning equity. In this case, the ending equity would be $90,900 ($73,000 + $17,900).
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You manufacture 50 skis a day that are all sold to a retail store. Your capacity to produce skis is 60 skis per day. You produce skis seven days a week. You have received an additional order to supply a second retail store with 320 skis one month from today. Based on your current responsibility to the first retail store, can you satisfy this second sales order knowing the capacity of your manufacturing business?
Answers
Answer:
No. You need 32 days to meet the additional order, which is slightly more than a month (30 days).
Explanation:
With current manufacture at 50 skis/day,
and total capacity at 60 skis/day,
Excess capacity = 60 - 50 = 10 skis/day
This means in a month of 30 days (since you manufacture 7 days a week, all round), excess capacity can produce a total of 10 * 30 = 300 skis.
Therefore, you will not be able to meet the additional order to supply a second retail store with 320 skis in one month from today.
The number of days required to meet the order of 320 skis = \(\frac{320}{10(excess capacity)}\) = 32 days.
Jill sold her car to Jake who issued a post-dated check in full payment of the
agreed price. Before the check matures, Jake sold the same car to John who
later sold it to Willie. However, when Jill presented the check for payment,
it was dishonored by the drawee bank for the reason that Jake had already
closed his account even before he issued his check.
Jill filed a case to recover the car from Warren claiming that she had been
unlawfully deprived of it by reason of Jake’s deception.
Will the suit prosper? Why or why not? Explain your answer. Please include the applicable articles.
Answers
The suit will not prosper and Jill cannot recover the car from Willie.
No, the suit will not prosper. This is because the sale between Jill and Jake was valid and binding. According to Article 1485 of the Civil Code of the Philippines, "The unpaid seller of goods loses the right of lien thereon and of stoppage in transitu and the right of resale as limited by this Title when he delivers the goods to a carrier or other bailee for the purpose of transmission to the buyer without reserving the ownership in the goods until their price is paid or tendered."
In this case, Jill delivered the car to Jake without reserving the ownership until the check is paid. Therefore, she lost her right of lien and the right of resale. Jake, as the new owner, had the right to sell the car to John, who then sold it to Willie.
Furthermore, Article 1249 of the Civil Code states that "The delivery of promissory notes payable to order, or bills of exchange or other mercantile documents shall produce the effect of payment only when they have been cashed, or when through the fault of the creditor they have been impaired." This means that the check issued by Jake did not produce the effect of payment until it was cashed. However, Jill cannot recover the car from Willie because she lost her right of lien and the right of resale when she delivered the car to Jake without reserving the ownership until the check is paid.
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The Production Function shows how total output changes when the amount of a single variable input changes while all other inputs are held constant. Which Economic Resource (Factor of Production) is usually the variable input?
Answers
Answer:
labor
Explanation:
They are four factors of production. They are labor, capital, land, and entrepreneurship.
Labor is compensation for human skills, knowledge, time, and energy. It is indicated as salary, wages, commissions, or allowances in the books of account. A company's labor expense is influenced by the number of workers it requires. A planned high output will require many workers, while a low-volume production needs fewer workers. Therefore labor is considered a variable cost.
Capital includes the finances, equipment, and machinery required to start a business. Capital is a fixed cost as capital requirements do not vary will the volume of output. Land and entrepreneurship are fixed costs as they are not expected to change in the s
An international business is a firm that
Part 2
A. hires non-U.S. citizens.
B. produces a wide range of products.
C. is not from the United States.
D. engages in international trade or investment.
Answers
Option D: An international business is a firm that engages in international trade or investment.
Therefore, the correct answer is option D. An international business is a company that conducts business across national borders. This can include importing and exporting goods, investing in foreign markets, and operating in multiple countries.
It is not necessarily defined by the nationality of its employees, the range of products it produces, or the country in which it is headquartered. International business refers to the trade of goods, services, technology, capital and/or knowledge across national borders and at a global or transnational scale. It involves cross-border transactions of goods and services between two or more countries.
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6
A company that is located in the U.S. and sells its product to customers in Mexico is participating in what?
A. Demographics
B. News media
C. The global marketplace
D. Web marketing
Answers
Answer:
c
Explanation:
the global marketplace
Answer:
C
Explanation:
got it right on Edge
Use the data from the GDP graph to complete each sentence.
Between 2007 and 2008, market growth ________.
Between 2008 and 2009, the GDP _______.
In 2008, GDP nearly reached_______.
Answers
Answer:
increased
decreased
50,000
Explanation:
Answer:
increased
decreased
50,000
Explanation:
Is Relative value when two absolute values are compared one to another?
Answers
Relative value is the opposite of absolute value. while absolute cost examines the cost of an asset or organisation with out evaluating it to any others, relative fee is primarily based on the value of similar assets or businesses.
Relative value is a technique of determining an asset's worth that takes into account the value of similar belongings. that is in contrast with absolute price, which seems most effective at an asset's intrinsic value and does not evaluate it to other assets. Absolute change refers to the easy difference inside the indicator over two intervals in time, i.e. Relative change expresses the absolute exchange as a percentage of the price of the indicator in the earlier length. A relative maximum or minimum happens at turning factors at the curve wherein because the absolute minimal and most are the proper values over the entire area of the function. In different words the absolute minimum and most are bounded by means of the area of the function.
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what is meant by recession
Answers
Answer:
Spatial recession in paintings is the relationship between objects which appear to lie near to the observer and those which seem further away, and thus recede into space. ...
Explanation:
Instant messages in the workplace are considered to be ______ by most business professionals. Multiple choice question. the richest communication channel very unprofessional and cause for dismissal a relatively casual communication channel high-permanence communication
Answers
The instant messages in the workplace are considered to be:
High-permanence communicationWhat is Instant Messaging?This refers to the communication between two or more people where information is shared instantly and is more efficient than other conventional methods.
With this in in mind, we can see that in the workplace, this is considered as high permanence communication because it is fast and permanent and can be referred back to at any time.
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FedBizOpps.gov is a forum that provides resources to find business opportunities with the government to fit a firm's strategy. allows organizational buyers to voice their concerns about suppliers. allows organizational buyers to conduct an online vendor analysis approved by the government. provides information on the prices of essential goods in the U.S. market. O provides information on the prices of luxury goods in the U.S. market.
Answers
FedBizOpps.gov is a forum that provides resources to find business opportunities with the government to fit a firm's strategy.
FedBizOpps.gov is a website maintained by the U.S. General Services Administration (GSA) that serves as a one-stop-shop for businesses looking to do business with the federal government.
It provides access to current and future procurement opportunities, including solicitations, contracts, and task orders, as well as information on how to do business with the government. It does not provide resources for organizational buyers to voice their concerns about suppliers, conduct an online vendor analysis approved by the government, or provide information on the prices of essential or luxury goods in the U.S. market.
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WILL MARK BEST ANSWER BRAINLIEST
Write a professional email using the following scenario:
The manager is going to a conference in another city. She would like her assistant to book the flight and hotel.
Answers
A professional email based on the given scenario would sound like the following:
To: Assistant
From: Manager
Subject: Flight and Hotel Booking for Chicago
Date: January 28, 2022
Hi,
Please book my flight and hotel reservations for the upcoming conference in Chicago from February 7, 8:00 am to February 11, 2022 (5:00 pm).
Do not forget the company's favorite airline and hotel for the bookings.
Regards,
Tony
Thus, while the email sounds professional, it may be more conversational than formal since it is a workplace request.
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what is the purpose of dark tourism
Answers
Answer:
"On one hand, the original purpose of dark tourism sites is for visitors to memorialize the victims and receive education to ensure the 'never again' hope. This is why most of these sites are presented as sites of remembrance for heritage, education or history."
Explanation:
Experts call the phenomenon dark tourism, and they say it has a long tradition. Dark tourism refers to visiting places where some of the darkest events of human history have unfolded. That can include genocide, assassination, incarceration, ethnic cleansing, war or disaster — either natural or accidental.
Slickware sells porcelain cups. the breakeven point is units. The variable cost per unit is and the fixed costs are. What is the selling price?
Answers
The selling price is the final price of a product, i.e., how much the end user pays for something.
Break-even point in unit sales = fixed fees / Contributions in keeping with the unit.
5,600 units = $28,000 / Contribution in keeping with unit
Contribution according to unit = $28,000 / 5,600 units = five consistent with unit.
This is, Contribution in keeping with unit = promoting price – Variable price in line with unit
5 = selling rate - 14
consequently, selling fee = 14+5 = $19 in keeping with unit.
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Over-estimating sales and not having the skills required to run a business can contribute to this?
A. Business break-even
B. Business success
C. Business failure
D. Business take-over
Answers
Answer:
business failure
Explanation:
Poorly planned or executed marketing campaigns, or a lack of adequate marketing and publicity,among the other issues that drag down Bussiness
In modern states, bureaucracy is a must have. group of answer choices
A. true
B. false
Answers
The above statement with regard to bureaucracy is true. Thus, option (A) is correct.
What is bureaucracy?Bureaucracy refers to the group of the people in the administration participating in the process of policymaking. They are non-elected government officials.
A bureaucracy was historically a government administration governed by departments manned by non-elected individuals. Bureaucracy is essential in modern nations. Therefore, it can be concluded that option (A) is correct.
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Beginning inventory plus the cost of goods purchased equals?A. cost of goods soldB. cost of goods available for saleC. net purchasesD. total goods purchased
Answers
B. The cost of the items that are available for sale is equal to the beginning inventory plus the cost of the goods that were purchased.
What is the beginning inventory formula?Starting inventory equals sales (COGS) plus ending inventory minus purchases (inventory added to stock). Sales (COGS) is the cost of goods sold, ending inventory is the inventory value at the conclusion of the accounting period, and purchases are the total amount of inventory added to stock during the accounting period.
What is the net sales formula?Returns, allowances, and discounts can be subtracted from the total sales figure to determine net sales. Net Sales are calculated as follows: Total Sales - Refunds, Allowances, and Discounts.
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suppose the government imposes a tariff of $20 per unit. the amount of revenue collected by the government from the tariff is:_____.
Answers
The government imposes a tariff of $20 per unit. The amount of revenue collected by the government from the tariff is $12000.
A government is a system to govern a country or community. Governments offer the parameters for normal conduct for residents, guard them against door interference, and often offer for their well-being and happiness. In the last few centuries, some economists and thinkers have recommended authorities control over some factors of the financial system.
Every kind of government rises to electricity and rules in a unique way. Research more about every form of government--monarchy, democracy, oligarchy, authoritarianism, and totalitarianism--how they arrive into electricity, and the way they rule.
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Is a business plan a one time fee?
Answers
Answer:
i think so :)
Explanation: