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yKpoI14uk [10]
2 years ago
3

The key characteristics of a monopolistically competitive market structure include Select one: A. many small (relative to the to

tal market) sellers acting independently. B. all sellers sell a homogeneous product. C. sellers have no incentive to advertise their products. D. barriers to entry are strong.
Business
1 answer:
Daniel [21]2 years ago
6 0

Answer:

The correct answer is letter "A": many small (relative to the total market) sellers acting independently.

Explanation:

Monopolistic Competition <em>occurs in markets that have several competitors that sell identical goods or services but act independently.</em> Restaurants, supermarkets, and clothing stores, for instance. In monopolistic competition, those similar products and services are not perfect substitutes from one another. The barriers to entry and exit in these industries are low and the decisions taken by one firm directly do not affect its rivals.

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Suppose Congress passes legislation that offers subsidies to orange farmers. The impact on the market for orange juice will be a
Dmitrij [34]

Answer:

<u>the supply curve</u>

Explanation:

Remember the supply curve shows the relationship between the amount of a commodity that a producer (or orange farmer) is <em>willing </em>to offer and at a particular price at any given time.

Because of the subsidies to orange farmers we expect the price of orange to become lesser in the future. Therefore the rightward shift occurs in supply curve for oranges due to favorable changes such as the new legislation which may lead to:

  1. Reduction in tax,
  2. Reduction in cost of factor of production,
  3. Expectation of fall in price in future,

3 0
2 years ago
Jonestown Community Bank refuses to lend money to potential homeowners trying to purchase property in the predominantly Asian ne
NISA [10]

Answer:

Redlining

Explanation:

The redlining is the practice of systematic denial in the United States and the Canada.

In redlining the persons belonging to the specific geographical locations or dealing the specific geographical area are denied by the bank or other sectors to lend money or provide services along the region or in the neighborhood.

7 0
2 years ago
Harrison Industries began July with a finished-goods inventory of $48,000. The finished-goods inventory at the end of July was $
Anestetic [448]

Answer:

Option (D) is correct.

Explanation:

Given that,

Began July with a finished-goods inventory = $48,000

Finished-goods inventory at the end of July = $56,000

Cost of goods sold during the month = $125,000

Cost of goods manufactured during July:

= Ending finished goods inventory + Cost of goods sold - Beginning finished goods inventory

= $56,000 + $125,000 - $48,000

= $133,000

8 0
2 years ago
You decide to invest $20,000 today in your favorite video game company stock. The stock is expected to grow at a rate of 10% per
Maslowich

Answer:

purchase power: 61,406.86

Explanation:

The stock will grow at 10%

and there is 4% inflation wich erodes the purchase power in the future.

Future value of the stocks:

20,000 \times (1+0.10)^{20}

Amount 134,550.00

Now, we will adjust for inflation of 4% over a period of 20 years:

\frac{Nominal}{(1 + inflation)^{time} } = PV  

Nominal: 134,550.00

time   20 years

inflation     0.04

\frac{134550}{(1 + 0.04)^{20} } = PV  

PV   61,406.86

Purhcase power of the stock 20 years from now at expected grow rate of 10% and 4% inflation: 61,406.86

3 0
2 years ago
According to physicist and philosopher Albert Einstein, "Nothing will benefit human health and increase chances of survival of l
Darya [45]

Answer:

I agree with the statement. Recent researches show that production of beef meat is tremendously demanding of potable water (almost 200 litres of water per kg of beef meat).

Explanation: Watching what is happening in the world today with the climate change, and all the species besides humans that are in risk of extinction now because of these changes in environmental conditions, make me agree with the statement. Nevertheless, it is difficult for me to change my food habits, and I see difficult to change my diet by eating less meat. I think an important part of the behavioral change is to set different stages of change, and many people like me will benefit by using this smooth process to have a conscious mind aligned with consumption patterns

6 0
2 years ago
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