Business, 13.12.2019 05:31, debramknoxx

All of the following characteristics are common to both monopolistic competition and perfect competition except:
a) firms act to maximize profit.
b) entry barriers into the industries are low.
c) the market demand curves are downward-sloping.
d) firms take market prices as given.

Answers: 2

Show answers

Other questions on the subject: Business

Business, 22.06.2019 20:30, Roof55

When patey pontoons issued 4% bonds on january 1, 2018, with a face amount of $660,000, the market yield for bonds of similar risk and maturity was 5%. the bonds mature december 31, 2021 (4 years). interest is paid semiannually on june 30 and december 31?

Answers: 1

continue

Business, 22.06.2019 20:30, allakhalilpea0zc

Caleb construction (cc) incurs supervisor salaries expense in the construction of homes. if cc manufactures 100 homes in a year, fixed supervisor salaries will be $400,000. with the current construction supervisors, cc's productive capacity is 150 homes in a year. however, if cc is contracts to build more than 150 homes per year, it will need to hire additional supervisors, which are hired as full-time rather than temporary employees. cc's productive capacity would then become 200 homes per year, and salaries expense would increase to $470,000. how would cc’s salaries expense be properly classified? fixed variable mixed stepped curvilinear

Answers: 3

continue

Business, 22.06.2019 21:20, eichlingkera13

Which of the following best explains how trade enables greater specialization among producers? a. trade diversifies the market by bringing specialized goods from around the world. b. trade requires distribution networks and adds one more step to the production process. c. trade enables producers to open up new markets for their goods and services. d. trade allows people to focus on one kind of production and trade for their other needs.

Answers: 1

continue

Business, 22.06.2019 22:40, Conner5459

Crowding out is a phenomenon focused upon most by the macroeconomists of whereby a government deficit interest rates, which in turn private investment spending. this group also believed that fiscal policy is the only thing that can lower natural unemployment. is just as effective in countering recessions as monetary policy. can be used most of the time, but monetary policy becomes a better option when velocity is fluctuating. should be used only if the central bank follows a monetary policy rule. faces problematic lags in propagating changes throughout the economy.

Answers: 3

continue

Do you know the correct answer?

All of the following characteristics are common to both monopolistic competition and perfect competi...