L 10.1.2 Quiz: Role of Government in Business Question 1 of 10 Which is the best general statement about the role of government in business in the United States?
A. Government owns the resources of production.
B. Government acts to allow markets to function efficiently.
C. Government determines what goods and services are produced.
D. Government has no role in business.​

Which feature is a characteristic of a corporation?

Because this market is a monopolistically competitive market, you can tell that it is in long-run equilibrium by the fact thatmr=mc at the optimal quantity for each firm. furthermore, a monopolistically competitive firm's average total cost in long-run equilibrium isless than the minimum average total cost. true or false: this indicates that there is a markup on marginal cost in the market for engines. true false monopolistic competition may also be socially inefficient because there are too many or too few firms in the market. the presence of the externality implies that there is too little entry of new firms in the market.

Lead time for one of your fastest-moving products is 20 days. demand during this period averages 90 units per day. a) what would be an appropriate reorder point? ) how does your answer change if demand during lead time doubles? ) how does your answer change if demand during lead time drops in half?