For each of the following characteristics, say whether it describes a monopoly firm, a monopolistically competitive firm,
Question:
a. Faces a downward-sloping demand curve
b. Has marginal revenue less than price
c. Faces the entry of new firms selling similar products
d. Earns economic profit in the long run
e. Equates marginal revenue and marginal cost
f. Produces the socially efficient quantity of output
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 66% (15 reviews)
a Both a firm in monopolistic competition and a monopoly ...View the full answer
Answered By
Ashington Waweru
I am a lecturer, research writer and also a qualified financial analyst and accountant. I am qualified and articulate in many disciplines including English, Accounting, Finance, Quantitative spreadsheet analysis, Economics, and Statistics. I am an expert with sixteen years of experience in online industry-related work. I have a master's in business administration and a bachelor’s degree in education, accounting, and economics options.
I am a writer and proofreading expert with sixteen years of experience in online writing, proofreading, and text editing. I have vast knowledge and experience in writing techniques and styles such as APA, ASA, MLA, Chicago, Turabian, IEEE, and many others.
I am also an online blogger and research writer with sixteen years of writing and proofreading articles and reports. I have written many scripts and articles for blogs, and I also specialize in search engine
I have sixteen years of experience in Excel data entry, Excel data analysis, R-studio quantitative analysis, SPSS quantitative analysis, research writing, and proofreading articles and reports. I will deliver the highest quality online and offline Excel, R, SPSS, and other spreadsheet solutions within your operational deadlines. I have also compiled many original Excel quantitative and text spreadsheets which solve client’s problems in my research writing career.
I have extensive enterprise resource planning accounting, financial modeling, financial reporting, and company analysis: customer relationship management, enterprise resource planning, financial accounting projects, and corporate finance.
I am articulate in psychology, engineering, nursing, counseling, project management, accounting, finance, quantitative spreadsheet analysis, statistical and economic analysis, among many other industry fields and academic disciplines. I work to solve problems and provide accurate and credible solutions and research reports in all industries in the global economy.
I have taught and conducted masters and Ph.D. thesis research for specialists in Quantitative finance, Financial Accounting, Actuarial science, Macroeconomics, Microeconomics, Risk Management, Managerial Economics, Engineering Economics, Financial economics, Taxation and many other disciplines including water engineering, psychology, e-commerce, mechanical engineering, leadership and many others.
I have developed many courses on online websites like Teachable and Thinkific. I also developed an accounting reporting automation software project for Utafiti sacco located at ILRI Uthiru Kenya when I was working there in year 2001.
I am a mature, self-motivated worker who delivers high-quality, on-time reports which solve client’s problems accurately.
I have written many academic and professional industry research papers and tutored many clients from college to university undergraduate, master's and Ph.D. students, and corporate professionals. I anticipate your hiring me.
I know I will deliver the highest quality work you will find anywhere to award me your project work. Please note that I am looking for a long-term work relationship with you. I look forward to you delivering the best service to you.
3.00+
2+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Economics questions
-
For each of the following characteristics, say whether it describes a perfectly competitive firm, a monopolistically competitive firm, both, or neither. a. Sells a product differentiated from that of...
-
For each of the following applications, tell whether it would be (1) possible and (2) better to use a PHP script or JavaScript and why. (a) Displaying a calendar for any requested month since...
-
For each of the following time series, suggest an appropriate model: a) Daily stock prices that reveal erratic periods of up and down swings. b) Monthly sales that reveal a consistent percentage...
-
Ir Snip MB MBA MBB MBC MBD MBE a. A community of five individuals; Ali, Boy, Chia, Doc and Ed is planning to provide street lighting in their neighborhood. The marginal cost of providing the lighting...
-
Decide if the vector is in the column space of the matrix. (a) (b) (c) 2 s).(3) 5 2 200
-
The controller of a small construction company is attempting to forecast expenses for the next year. He collects quarterly data on expenses (in $1,000s) over the past 5 years, a portion of which is...
-
Briefly describe the role of technology in conceptual, logical, and physical modeling.
-
Bonds of Zello Corporation with a par value of $1,000 sell for $960, mature in 5 years, and have a 7% annual coupon rate paid semiannually. a. Calculate the: i. Current yield. ii. Yield to maturity...
-
1 . differentiate between data elements and data types 2 . distinguish among different types of modern databases 3 . explain how businesses identify risks and opportunities associated with emerging...
-
How much money do you think Alice should put aside for her retirement account? Recall that the federally mandated limit for her individual contributions is $18,000 per year and that northwestern can...
-
Classify the following markets as perfectly competitive, monopolistic, or monopolistically competitive, and explain your answers. a. Wooden no. 2 pencils b. Copper c. Local telephone service d....
-
You are hired as the consultant to a monopolistically competitive firm. The firm reports the following information about its price, marginal cost, and average total cost. Can the firm possibly be...
-
Determine all positive number replacements for the question mark, less than the modulus, that make the statement true. ? + 5 = 3 (mod 6)
-
The following information is taken from a companys records. Applying the lower-of-cost-ormarket approach, what is the correct value that should be reported on the balance sheet for the inventory?...
-
A camcorder is sold with a 1-year warranty. The probability that a camcorder is brought back for service under the warranty is 2 %. It costs the manufacturer $20 on average to repair a camcorder...
-
Again consider the car sales rep in question 67. What is the probability that she will make exactly two sales after speaking to four customers? Question 67 A car sales representative sees an average...
-
Which account type is used to record bad debt estimation and is a contra account to Accounts Receivable?
-
Briefly explain why it is useful for us to be able to approximate the binomial and Poisson distributions by using a normal distribution. Explain how we make this approximation.
-
Given this Computer design program: Use the following trace setup to trace the Computer program. Note that we have used abbreviations to keep the trace setups width as small as possible. Dont forget...
-
For the next several days, take notes on your listening performance during at least a half-dozen situations in class, during social activities, and at work, if applicable. Referring to the traits of...
-
Where can a final instance variable be assigned a value? (Choose three.) A. Instance initializer B. static initializer C. Instance method D. On the line it is declared E. Class constructor F. static...
-
Home cleaning services and general contractors often advertise that they are bonded. What this means is that the seller of the service has put up money with a third party that is available to the...
-
The following demand and supply diagram represents the market for routine outpatient appointments with a primary care physician. D1 shows the annual demand for a typical patient when he or she has no...
-
Human-made diamonds, which are just as beautiful and essentially indistinguishable from mined diamonds, are becoming much cheaper to produce. Diamond engagement rings, therefore, could soon become...
-
Identify an area of Financial Services where you feel significant opportunities lie in relation to process management. Why do you feel this?
-
1. Given the functions f(x) = x + 1 and g(x) = 3-x, determine an equation for the combined function y = f(x)+ g(x). 2. If f= {(-7, 1), (-5, 8), (3, 11), (5,-1)) and g = {(-6, 4), (-5, 3), (-1, 7),...
-
What is urban economics and what components of a city usually results in higher demand of a city's real estate. Describe at least three
Study smarter with the SolutionInn App