Business, 22.05.2020 01:02 Lowkeycaleb
For each of the following characteristics, check which types of firm it describes: a monopoly firm, a monopolistically competitive firm, both, or neither.
A. Faces the entry of new firms selling similar products.
B. Produces at the minimum average total cost in the long run.
C. Equates marginal revenue and marginal cost.
D. Has marginal revenue less than price.
E. Faces a horizontal demand curve.
F. Earns economic profit in the long run.
Answers: 1
Business, 21.06.2019 22:50, nayelimoormann
The following data pertains to activity and costs for two months: june july activity level in 10,000 12,000 direct materials $16,000 $ ? fixed factory rent 12,000 ? manufacturing overhead 10,000 ? total cost $38,000 $42,900 assuming that these activity levels are within the relevant range, the manufacturing overhead for july was: a) $10,000 b) $11,700 c) $19,000 d) $9,300
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Business, 22.06.2019 02:00, sciencegeekgirl2017
Corporations with suppliers, vendors, and customers all over the globe are referred to as : a) global corporations b) international corporations c) multinational corporations d) multicultural corporations
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For each of the following characteristics, check which types of firm it describes: a monopoly firm,...
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