the reason monopolistically competitive firms have difficulty maintaining a profit in the long run is that

Answers

Answer 1

Market failure occurs when the price mechanism fails to take into account the overall prices and benefits associated with the supply and consumption of a good or service.

In monopolistic competition, producers have some price power through differentiation. Price power is greater when the market operates under an oligopoly or monopoly.

What is monopolistic competition?

Monopoly competition, is when a firm has power over price. In extreme cases, the market consists of only one producer. As the sole supplier, the monopolist determines the quantity and quality of the product. That gives them absolute price power unless the government intervenes.

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Related Questions

marketers are most likely to recognize an action as unethical when:

Answers

According to research, marketers are most likely to recognize an action as unethical when that action is deceptive or misleading, damages the trust or confidence of customers, or violates privacy or confidentiality.

Keep reading to learn more about ethical considerations for marketers. Ethics is the branch of philosophy that deals with moral principles and values. Ethics is concerned with determining what is right and wrong, good and bad, just and unjust, fair and unfair. Ethical principles guide individuals and organizations in making decisions and taking actions that are morally and socially responsible.

In the business world, ethics is particularly important because business decisions and actions can have far-reaching consequences for employees, customers, shareholders, and society as a whole. Ethical considerations are critical for marketers, who are responsible for promoting products and services and building relationships with customers. Marketers must consider many factors when making ethical decisions. Ultimately, marketers must balance the interests of different stakeholders and make decisions that are fair, honest, and socially responsible.

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For my personal finance class

Which of the following is an example of the paradox of value?

a. You might choose an inflatable raft over a luxury car if you are adrift at sea

b. You might choose a diamond over a bottle of water if you really love dressing up

c. You might choose a hamburger over a veggie burger at a fast-food restaurant

d. You might choose a pair of socks over a hat if you are feeling cold

Answers

Answer:

b because diamonds dressing up

Were all loan proceeds used to purchase, build, or improve the home secured by this loan?.

Answers

A loan is usually gotten from a financial institution to solve a financial emergency which was unplanned for.

What is a Loan?

This refers to the obtaining of money from a financial institution and a formal agreement is made for the repayment of the money after a given period of time and with interest.

With this in mind, we can see that loan proceeds can be used to:

Buy a houseGo on a trip, etc

Please note that your question is incomplete so I gave you a general overview to help you get better understanding of the concept.

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what kind of technology refers as local technology or indigenous technology ?​

Answers

Answer:

Local technology refers to the technology which are used in our locality from the ancient time and are made of locally available materials for the welfare of local people.

Answer:

Local technology refers to the technology which are used in our locality from the ancient time and are made of locally available materials for the welfare of local people.

Explanation:

your grandmother tells you a dollar doesn't go as far as it use to. she says the "purchasing power" of a dollar is much less than it used to be. explain what she means. try to use and explain terms like inflation and deflation in your answer

Answers

Back then. A dollar was worth WAYYYYY more than it is now. back then you could buy a lollipop for a like a penny. However as time went on we went through deflation and prices went down

1) Inflation represents the rate of increase of the average price of goods. If inflation decreases from 10% to 5%, does the average price of goods decrease? Explain.

Answers

No, the average price of goods does not decrease when inflation decreases from 10% to 5%.

Inflation represents the rate of increase in the average price of goods and services over time. When inflation decreases, it means that the rate of price increase has slowed down, but it does not imply a decrease in the average price itself. Even with a lower inflation rate, prices can still continue to rise, albeit at a slower pace.

The percentage of inflation indicates the extent of price increase compared to the previous period. If the inflation rate decreases from 10% to 5%, it means that prices are still increasing but at a slower rate. For example, if an item was priced at $100 at the beginning of the year, with a 10% inflation rate, its price would increase to $110. However, with a 5% inflation rate, the price would increase to $105. While the rate of increase has decreased, the average price of goods has not decreased.

Therefore, it is important to differentiate between a decrease in the inflation rate (a decrease in the rate of price increase) and an actual decrease in the average price of goods, which would indicate deflation.  

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A cognitive abilities test that measures ________ might ask a test taker to repeat a series of digits backwards, thereby demonstrating an ability to retain information while actively manipulating it.

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A cognitive abilities test that measures "working memory" might ask a test taker to repeat a series of digits backwards, thereby demonstrating an ability to retain information while actively manipulating it.

Working memory is the cognitive system responsible for temporarily storing and manipulating information needed for tasks requiring active mental processing. This type of test assesses a person's ability to hold and manipulate information in their mind, which is an important aspect of cognitive functioning. It helps evaluate an individual's ability to process information in real-time, solve problems, and engage in complex thinking tasks. Backwards refers to the reverse order or direction of something. It is the opposite of the usual or expected forward progression. In various contexts, the concept of backwards can have different meanings. In terms of time, it signifies moving or thinking in the opposite direction of chronological progression. In spatial terms, it implies moving or facing in the opposite direction from the norm. Additionally, when applied to cognitive tasks or tests, "backwards" often involves reversing or inverting a given sequence or order.

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Differentiate between norminal wages and real wages

Answers

Answer:

A norminal wage is not adjusted for inflation and real wage is adjusted for inflation

How does checkout assist help improve the customers checkout experience

Answers

A customer with the help of check-out assist can scan item barcodes before paying for their total shop without needing one-to-one staff assistance.

Self-service checkouts (SCOs), also known as aided checkouts (ACOs) or self-service checkouts, are machines that allow customers to complete their own transactions from a merchant without the need for a traditional staff checkout.

Self-service checkouts are most commonly found in supermarkets, but they are also found in department and convenience stores. Most self-checkout facilities are overseen by at least one staff member, who frequently assists customers with transaction processing, price correction, or other assistance.

Therefore, checkout assist help improve the customers checkout experience.

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according to the vals segmentation system, are considered to be trendy and fun-loving people who are resource-constrained. they favor stylish products that emulate the purchases of those with greater material wealth.

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according to the vals segmentation system strivers are considered to be trendy and fun-loving people who are resource-constrained. they favor stylish products that emulate the purchases of those with greater material wealth.

What is  vals segmentation system?

A proprietary research methodology called VALS (Values and Lifestyle Survey) is employed for psychographic market segmentation.

                              Market segmentation helps businesses adapt their goods and services to appeal to those who are most inclined to make purchases from them.

How is VALS used in marketing?

VALS is a marketing technique that forecasts consumer behavior in part by taking into account factors like their philosophical convictions and levels of mechanical and intellectual curiosity.

                          Values and Lifestyles Survey, or VALS, is a set of inquiries used to identify target markets.

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if you are looking for a vacation near Deep Creek Lake, MD then check this out. its really nice :)

Answers

that’s cool!! i’ll check it out sometime. the pictures i’ve look look great

.Others at work see me as assertive. need answers for application

Answers

Answer:

yes

Explanation:

It is an ability to defend your rights without hurting those of others. An assertive person, therefore, is the one who can express his emotions, needs, and opinions to others without being forceful in any way

An employee
is compensation you receive from your employer over
and above your income.
O A. salary
OB. withholding
OC. benefit
OD. wage

Answers

C. Benefit. This could be in a monetary bonus or a gift or physical bonus

Which level of government are Planning workers most likely to work for?

A) state
B) federal
C) local
D) international

Answers

I’m pretty sure it’s local.

The level of government is Planning workers most likely to work for local. Thus, the correct option is (C).

A single sovereign state's lowest levels of public administration are collectively referred to as "local government" in the United States.

When the word "government" is used in this context, it explicitly alludes to a level of bureaucracy that is geographically confined and has a set of responsibilities.

A variety of essential services for residents and companies in certain areas are handled by the local government.

Therefore, the correct option is "C".

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___ is evaluating similar items to check quality and price

Answers

Answer:

Cost?

Explanation:

When making decisions, managers often must decide between doing what is beneficial for the firm in the short term, and what is beneficial for both the firm and society in the long term. To address this conflict, a firm must

Answers

When making decisions, managers are often faced with a conflict between what is beneficial for the firm in the short-term and what is beneficial for both the firm and society in the long-term.

This conflict arises because the actions that benefit the firm in the short-term may not necessarily align with the interests of society as a whole, which can lead to negative consequences for both the company and society in the long-term.

To address this conflict, a firm must adopt a long-term orientation and consider the broader social and environmental impacts of its decisions. This means looking beyond immediate financial gains and recognizing that actions taken today can have far-reaching implications for the company's reputation, customer loyalty, employee morale, and overall sustainability.

Firms that prioritize social responsibility and sustainable business practices are more likely to build strong relationships with stakeholders, including customers, employees, investors, and regulators. They are also better equipped to weather economic downturns and other disruptions, as they have diversified their risk and invested in building resilient supply chains and communities.

Ultimately, the key to addressing the conflict between short-term gains and long-term benefits is a commitment to corporate social responsibility (CSR) and sustainable business practices. By prioritizing the needs of society and the environment alongside those of shareholders, firms can create value for all stakeholders over the long-term, ensuring their continued success and impact.

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Completed work for a client and sent a bill for 27000 to be paid within 30 days

Pass a journal entry for the above transaction​

Answers

Answer:

See below

Explanation:

This is an ordinary business activity that results in revenue for the company. Revenue for the business will increase by 27000. Revenue is an equity account; there will be a credit entry of 27,000.

The client will pay within 30 days. The account receivables ( assets account) will increase (debit)by 27000.

The journal entry will be

Account receivable  Dr.  27,000

Sales / services account     Cr. 27,000

Richard agrees to supply Henry with all his needs of specially made shampoo for Henry's beauty salon. Henry believes that Richard is a representative of a famous hair products company, but he finds a letter to a competitor written by Richard two days before the agreement is signed proving that Richard is a fraud. Richard says that this letter may not be admitted to court since the contract is wholly integrated. Is he correct?

Answers

Answer: No. Richard is wrong as the letter may be admitted to court.

Explanation:

Based on the information given, Richard is wrong as the letter may be admitted to court.

It should be noted that prior evidence as well as contemporary evidence is excludable, but only in a situation whereby it alters the contract terms. In this case, the evidence is admitted in order to prove that Richard is fraudulent in the inducement.

Harris tree owns and operates a gaming center and completed the following transactions during April 2021, its first month of operations. Journalize the transactions

Answers

Recording the date, the accounts you're debiting or crediting from, and a short description of the transaction itself are all parts of keeping track of all your commercial transactions, or journalizing them.

How do you Journalize and post transactions?

A business transaction is journalized when it is recorded in accounting records. Maintaining records calls for commitment and knowledge, especially for accountants. Every business process is documented chronologically in a journal, commonly referred to as a Book of Original Entry.

Identifying the account as well as the type of account is the first step. Choosing whether each account increases or decreases is the second stage. The third step is to journalize the transaction. Accumulated depreciation is the entire amount of depreciation and amortisation that has been applied to an asset since it was first used.

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1. 1. INTEREST IS THE COST OF BORROWING MONEY.

True

False

2. 2. COMPANIES WHICH ARE UNABLE TO PAY THEIR DEBTS CAN BE FORCED INTO BANKRUPTCY BY THEIR CREDITORS.

True

False

3. 3. ALL BANKRUPTCIES END IN THE LIQUIDATION OF THE BANKRUPT COMPANY.

True

False

4. 4. INTEREST IS A TAX-DEDUCTIBLE EXPENSE.

True

False

5. 5. FINANCIAL LEVERAGE REFERS TO A COMPANY’S ABILITY TO PAY OFF ITS DEBTS AS THEY COME DUE.

True

False

6. 6. A COMPANY IS SAID TO BE EMPLOYING FINANCIAL LEVERAGE IF THE EXTRA INCOME GENERATED FROM BORROWED MONEY IS MORE THAN THE COST OF THE RELATED INTEREST.

True

False

7. 7. A NOTE IS A WRITTEN CONTRACT THAT SPECIFIES THE PAYMENT OF DESIGNATED AMOUNTS OF CASH BY THE DEBTOR ON STATED DATE.

True

False

8. 8. BONDS ARE TYPICALLY SOLD TO A GROUP OF PEOPLE, OFTEN THE GENERAL PUBLIC.

True

False

9. 9. DEBT INSTRUMENTS ISSUED TO THE PUBLIC ARE SUBJECT TO THE REGULATION OF THE SEC.

True

False

10. 10.MORTGAGE AGREEMENTS PROVIDE A LENDER WITH INTEREST IN IDENTIFIED PROPERTY ALLOWING THE LENDER TO REPOSSESS THE PROPERTY SHOULD THE BORROWER FAIL TO REPAY A LOAN.

True

False

Answers

Required correct options are

1. True

2. True

3. False

4. True

5. False

6. True

7. True

8. False

9. True

10. True

1. Interest is the cost of borrowing money: True.

2. Companies which are unable to pay their debts can be forced into bankruptcy by their creditors: True.

3. All bankruptcies end in the liquidation of the bankrupt company: False. Some bankruptcies may result in restructuring or reorganization of the company.

4. Interest is a tax-deductible expense: True, but only for certain types of interest such as business loans and mortgages.

5. Financial leverage refers to a company's ability to pay off its debts as they come due: False. Financial leverage refers to the use of debt to finance assets, which can increase the return on investment.

6. A company is said to be employing financial leverage if the extra income generated from borrowed money is more than the cost of the related interest: True.

7. A note is a written contract that specifies the payment of designated amounts of cash by the debtor on stated dates: True.

8. Bonds are typically sold to a group of people, often the general public: True.

9. Debt instruments issued to the public are subject to the regulation of the SEC: True.

10. Mortgage agreements provide a lender with interest in identified property, allowing the lender to repossess the property should the borrower fail to repay a loan: True.

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Fine properties, inc. , negotiates with general maintenance corporation to include a liquidated damages clause in their contract. To be enforceable, at the time of the contract, an estimate of the damages from a breach must be.

Answers

To be enforceable, an estimate of the damages from a breach must be difficult.

Liquidated damages clause

A liquidated damages clause establishes a predetermined quantity of money that must be paid as damages for disappointment to act under a contract. The liquidated damages is to be the parties' best estimate of the damages that will be caused by a breach at the time they sign the contract.

A liquidated damages clause iis unenforceable in 2 circumstances:

(1) if the damages streaming from a breach of the contract were  ascertainable at the time of implementation;

or

(2) if the damages fixed were conspicuously undue to the potential losses.

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How is net pay different from gross pay? Someone please answer in at least 4 sentences explaining! Will be marking brainiest.

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Employee's gross pay is their compensation before taxes, benefits, and other payroll deductions are subtracted. After all, withholdings are removed, net pay, also known as take-home pay, is the amount left over.

What are Gross pay and Net pay?

The gross pay of an employee is the amount earned before taxes, benefits, and other payroll deductions are removed from their compensation. Net pay is the amount left over after all withholdings are removed.

Your net salary, often known as your take-home pay, is the amount of money you get after all deductions. The CTC is reduced by income tax, professional tax, Public Provident Fund (PPF), and other deductions. The net wage is frequently lower than the gross wage.

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you recently finished an essay on the milky way galaxy in google docs, but you can’t locate the file anywhere on your Google Drive. What should you do?

Answers

Answer:

Google docs

Explanation:

Have you checked your files on your google docs or if they aren't there try searching for them on your phone.

Answer:

In Google Drive, enter a keyword in the search bar and press Enter. A list of files and folders matching your keyword search appears.

Select a folder or any type of file. ...

You can also select a folder or a Google file, right-click and select Show file location

suppose you have developed a new product for you business.outlineany five steps in developing a rematch instrument​

Answers

Answer:

But I am too young to start a new business

find the amount of income tax withheld from sun jung's monthly paycheck of $8,612.50 using the percentage method tables in exhibits 9-1 and 9-2 from your text. sun jung is single and claims 2 withholding allowances.

Answers

The total  amount of tax allowance will be $ 1619.33

Explain the method step by step.

An income tax is a tax imposed on individuals or entities in respect of the income or profits earned by them.

Monthly paycheck = $8612.50

Allowance amount = $650

Taxable income = 8612.50 - 6590

                            = 7962.50

Tax = $ 1490.95 plus 28 % of above 7504

     = 1490.95 + 28/100 x ( 7962.50 - 7504 )

      = 1490.95 + 128.38

       = $ 1619.33

Hence, the taxable amount would be  $ 1619.33

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Question 17 of 20
Trey's bank raises the interest rate on his line of credit without providing an
explanation. Which consumer protection law has his bank violated?

Answers

Trey's bank raises the interest rate on his line of credit without providing an

explanation. The consumer protection law that his bank violated is: "The Truth in Lending Act of 1968".

What are consumer protection laws?

The Truth in Lending Act of 1968 is a federal law in the United States aiming to encourage the informed use of consumer credit by requiring disclosures about its terms and prices to standardize the method in which borrowing expenses are computed and communicated.

Consumer protection laws protect consumers from faulty products and deceptive or fraudulent company activities.

It is to be noted that in the United States, a range of federal and state laws govern consumer affairs. The Federal Food, Drug, and Cosmetic Act, the Fair Debt Collection Practices Act, the Fair Credit Reporting Act, the Truth in Lending Act, the Fair Credit Billing Act, and the Gramm-Leach-Bliley Act are a few examples.

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Answer:

Credit Card Accountability, Responsability, and Disclosure Act

Explanation:

Krishna is 56 years old; he has contributed to the CPP without interruption for over 30 years. While crossing the street, Krishna was struck by a bus and seriously injured. He is currently hospitalized and on life support and his doctors have informed Krishna's family that it is uncertain as to whether he will awaken from his coma. Assuming at the time of his accident, Krishna was entitled to a CPP retirement benefit of $660, the flat-rate disability amount is $496.36 per month and the maximum monthly disability benefit is $1362.30, how much of a disability benefit will Krishna receive under the CPP? a) 50 b) $865.94 C) $991.36 d) $1156.36

Answers

Option(A) is the correct answer. Krishna will receive a disability benefit of $660 under the CPP.

To determine the disability benefit that Krishna will receive under the CPP, we need to consider a few factors. First, let's calculate the disability benefit based on the provided information:

The flat-rate disability amount is $496.36 per month.

The maximum monthly disability benefit is $1362.30.

Krishna's entitlement to a CPP retirement benefit is $660 per month.

To calculate the disability benefit, we compare the retirement benefit to the flat-rate disability amount and the maximum monthly disability benefit:

The disability benefit will be the lesser of:

The retirement benefit ($660)The flat-rate disability amount ($496.36) plus the retirement benefit minus the flat-rate disability amount.

Let's calculate the disability benefit based on the above formula:

Disability benefit = min(retirement benefit, flat-rate disability amount + retirement benefit - flat-rate disability amount)

= min($660, $496.36 + $660 - $496.36)

= min($660, $660)

= $660

Therefore, Krishna will receive a disability benefit of $660 under the CPP.

Option (a) 50, option (b) $865.94, option (c) $991.36, and option (d) $1156.36 are not correct based on the given information. The correct answer is that Krishna will receive a disability benefit of $660 under the CPP.

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Krishna is 56 years old; he has contributed to the CPP without interruption for over 30 years. While crossing the street, Krishna was struck by a bus and seriously injured. He is currently hospitalized and on life support and his doctors have informed Krishna's family that it is uncertain as to whether he will awaken from his coma. Assuming at the time of his accident, Krishna was entitled to a CPP retirement benefit of $660, the flat-rate disability amount is $496.36 per month and the maximum monthly disability benefit is $1362.30, how much of a disability benefit will Krishna receive under the CPP? a) $660 b) $865.94 C) $991.36 d) $1156.36

Which are two characteristics of fulfillment centers differ from direct distribution? (Choose two)
Select 2 correct answer(s)
•The manufacturer controls all aspects of distribution.
•Inventory is created on-demand rather than stored.
•Fulfillment centers pack and ship for a manufacturer.
•A fulfillment center is a zero-level channel.
•Warehousing is a primary role of fulfillment centers.

Answers

The two characteristics of fulfillment centers which differ from direct distribution are:

Warehousing is a primary role of fulfillment centers.Inventory is created on-demand rather than stored.

What are Fulfilment Centers?

This refers to the chain of supply which is used for the holding of goods before they are distributed to the customers.

The main difference between fulfilment centers and direct distribution is that the distribution hub has to do mainly with the movement of the goods to the customers, while the fulfilment center has to do with the holding of the goods in satisfaction of the customer needs.

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Answer: Inventory is created on-demand rather than stored.

Warehousing is a primary role of fulfillment centers.

Explanation:

Match the example with the type of individual difference and advantage it shows.

Match the example with the type of individual difference and advantage it shows.

Answers

Answer:

Sergey likes to play soccer in his free time = Hobbies

Scott's parents moved from the U. S. to Australia = Background

Bihn wants to make enough money to send his children to school = goal

Yolanda us outgoing and able to make friends quickly = Ability

Cheyenne is currently working as a junior dance teacher in a big studio, to learn what she would need to know when she opens her own someday = experience

Melanie cares about fitness and the outdoors so she often participates in active outdoor activities like biking and mountain climbing = Lifestyle

Amandos favourite subject in school is world history = interest

Disadvantages of choosing a job that is extremely popular or in demand

Answers

The disadvantage of choosing a job that is very popular or a job that is in high demand is that after a while such a job may become saturated or it would become monotonous.

What is a high demand job?

This is the term that is used to refer to a job that the people that wpould employ labor are constantly in need of. Such a job is one that would require the people that have the qualification to opt in and get the places and the roles that they are to fill.

The issues that may arise from such a job that is in high demand is that after a period, such a job may have a lot of persons that would want to fulfil the role.

The number of qualified persons may become more than the job that is available for the people to do in the long run.

Hence this is a disadvantage. Therefore I would conclude by saying that the disadvantage of choosing a highly popular job is that the number of persons that are willing to fulfil the role may exceed the job overtime.

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