i
want clear explanation of about 250 words



Please discuss what happens to profits in the long run and what
occurs when economic profits exist in monopolistic competition?

Answers

Answer 1

In a competitive market, the entry of new firms or new competition is a process that occurs in the long run. As new firms enter the market, the level of competition increases, leading to a decrease in profits for existing firms. This process reflects the underlying principle of market dynamics: the forces of supply and demand at work.

Initially, when a market has a limited number of firms, each firm may have some degree of market power, allowing them to set prices and earn above-normal profits. However, the entry of new firms disrupts this equilibrium. The increased number of competitors intensifies the rivalry, leading to price reductions as firms vie for market share.

As prices decline due to heightened competition, existing firms are compelled to lower their prices to remain competitive. This results in narrower profit margins for these firms. Lower prices benefit consumers as they have access to more affordable products or services. However, for firms, the reduced profit margins may pose challenges in sustaining their operations and achieving substantial profits.

The market's transition towards perfect competition occurs as the number of firms continues to increase, and barriers to entry or exit become minimal. In a perfectly competitive market, no single firm has the power to influence prices or quantities. The products offered by different firms are homogeneous, meaning they are essentially identical, eliminating any differentiation-based competitive advantages.

In this competitive landscape, firms earn only normal profits, which means they earn just enough to cover their opportunity costs and inputs. Any economic profits earned initially attract new entrants, as they see an opportunity for profitability. With the entry of new firms, the supply of goods or services increases, driving prices down until profits are no longer above normal.

Overall, the entry of new firms or new competition in the long run reflects the self-correcting nature of competitive markets. It ensures that prices align with costs and that firms operate at a level where economic profits are eliminated. This process ultimately benefits consumers through increased affordability and choice while fostering an environment of fair competition.

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Related Questions

explain how operations strategy can help a business sustain its competitive advantage.

please answer this question in an essay.

Answers

Answer:

Operations can help a business sustain their competitive advantage by reducing its cost without considering the way they are reduced.

Explanation:

First of all, to create a business competitive advantage the business has to be more profitable than its competition. In other words, they need to make money in a more effective way than its competitors. This means that they have more margin of profit, instead of selling more. Now, in operations, this works the same. However, the reasons might come from different sources. Whether by having technology more advanced than its competitors. By having more productive processes, or by using materials bought at cheaper prices.

the _______ model of evolution indicates it is difficult to determine when speciation actually occurs.

Answers

The biological model of evolution is complex and involves a variety of factors that influence the development of new species over time. Speciation, which is the process by which new species arise, can be difficult to determine because it occurs over long periods of time and can be influenced by a range of environmental, genetic, and other factors.

One of the key challenges in determining when speciation occurs is the fact that it can happen gradually over time, rather than in a sudden and dramatic way.

This means that there may not be a clear "line in the sand" that separates one species from another, and instead there may be a range of intermediate forms that make it difficult to identify exactly when one species has evolved into another.

In addition, the process of speciation can be influenced by a range of factors such as geographic isolation, genetic drift, and natural selection, which can make it even more difficult to determine when a new species has emerged.


Overall, while the biological model of evolution provides a framework for understanding how new species arise, it is important to recognize that the process of speciation can be complex and difficult to determine in practice.

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The point at which it is no longer advantageous to buy in bulk is known as marginalcost.tipping.benefit.error. cost.
tipping.
benefit.
error.

Answers

Marginal cost is the price at which purchasing in large quantities becomes unprofitable.

What is a Marginal cost? The satisfaction or advantage gained from using a product is referred to as utility in economics. The amount of pleasure or satisfaction that customers receive or lose as a result of increasing or decreasing their consumption by one unit is referred to as the marginal utility of a good or service. Marginal utility comes in three different forms. The most a consumer will spend on an additional commodity or service is known as the marginal benefit. When a consumer purchases an additional good or service, it also includes the increased satisfaction or utility they will experience. The marginal benefit is the extra pleasure or utility a person gets from consuming one more unit of a good or service.

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Resource scientists help the understanding in which of the following areas

Answers

The resource scientists gives an insight into some areas that includes

commerceenergytransportationagriculture etc

Who are the resource scientists?

These are scientist that deals with extraction of substance which exists in the earth and could be extracted someday at some price with some technology.

Most times, these resource scientists work with other geoscientists or social scientists to help solve arising issues in their departments.

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Resource scientists help understanding and solve the issues in areas such as commerce, energy, transportation, agriculture, and the environment.

What is a resource scientist?

A resource scientist is someone who conducts research on climate, weather, and site conditions.

Resource scientists generally works with the geoscientists or social scientists to help them in getting the solution for the issues related to the agriculture, environment etc.

The quality or skills that is needed for the resource scientist are critical thinking, math skills, writing skills, communication etc.

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HELP! i need help with this brochure project for economics and personal finance. its about Understanding Checking and Debit Accounts can someone please give me the information or something for it or if u have already done it can you please give it to me.
the document has all the information.

Answers

Answer:

PLEASE DO YOU HAVE IT NOW I NEED IT ASAPP

Explanation:

please I need to graduate

A difference in quantitative indicators and qualitative indicators is quantitative indicators always consist of numerical amounts while qualitative indicators are not numerical. qualitative indicators are subjective while quantitative indicators are objective. quantitative indicators are financial and qualitative indicators are non-financial. quantitative indicators differ based of who is doing the measuring whereas qualitative indicators are the same among individuals since each one has a unique perspective.

Answers

Both Quantitative indicators are the same regardless of who is doing the measuring whereas qualitative indicators will differ among individual since each one has a unique perspective and Qualitative indicators are subjective and quantitative indicators are objective.

What are quantitative indicators?Those that can be measured objectively are considered quantitative indicators. They may also contain information on purchases, customer satisfaction scores, and sales figures. They are distinct from qualitative indicators, which are mainly based on anecdotal evidence and are not precisely measurable.

What sort of quantitative indicator would that be?Measures of quantities or amounts make up quantitative indicators. An illustration would be a 50% increase in the number of parents enrolling their kids in schools with mixed ethnicities by the project's conclusion. "500 disputes handled by professional mediators over 18 months" might be another illustration.

What are qualitative indicators?By definition, qualitative indicators track changes over time in relation to predefined, precise standards. They differ from their quantitative counterparts in that they do not solely rely on enumeration, which enables them to outperform other analytical measurements and offer precise and complex information.

What kinds of qualitative indicators are there?Qualitative indicators include, for instance, an NGO's functional capacity, the degree to which women participate in local governance, their involvement in decisions about the provision of services, their level of employee satisfaction, changes in knowledge and attitudes, etc.

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The total mass of a skier is 60.0 Kg. He starts from rest and slides down a slope without exerting any effort. After he has descended through a total vertical displacement of 50.0 m
he is travelling at a velocity of 30.0 m/s. How much work has been done against resistive forces experienced by the skier as his
velocity increases from 0 to 30.0 m/5?
Take the gravitational field strength g as 10 N/kg.)

Answers

The work done against resistive forces experienced by the skier as his velocity increases is 27,000 joules.

To determine the work done against resistive forces experienced by the skier as his velocity increases, we need to calculate the change in the skier's kinetic energy.

the work-energy theorem states that the work done on an object is equal to the change in its kinetic energy. mathematically, it can be expressed as:

work = δke

the initial kinetic energy (keinitial of the skier is 0 because he starts from rest. the final kinetic energy (kefinal is given by:

kefinal= (1/2) * m * v²

where m is the mass of the skier and v is the final velocity.

given:m = 60.0 kg

v = 30.0 m/s

kefinal= (1/2) * 60.0 kg * (30.0 m/s)²          = 27,000 j

since the initial kinetic energy is 0, the change in kinetic energy is simply the final kinetic energy:

δke = kefinal- keinitial     = 27,000 j - 0 j     = 27,000 j

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two similarities between Supply and Demand

Answers

Supply and demand are two fundamental concepts in economics that explain the behavior of buyers and sellers in the market. Despite their differences, there are also some similarities between supply and demand that are worth exploring.

Here are two key similarities between supply and demand:
1. Both supply and demand are affected by changes in price:One of the most significant similarities between supply and demand is that both are sensitive to changes in price. The law of demand states that as the price of a good or service increases, the quantity demanded of that good or service decreases, all other things being equal. Similarly, the law of supply states that as the price of a good or service increases, the quantity supplied of that good or service also increases, all other things being equal. This inverse relationship between price and quantity is what drives the market and determines the equilibrium price and quantity.
2. Both supply and demand are influenced by external factors:Another similarity between supply and demand is that both can be influenced by external factors beyond their control. For instance, changes in consumer preferences, income levels, and demographics can affect demand for a particular product or service. Similarly, changes in technology, production costs, and regulations can affect the supply of goods and services. These external factors can shift the demand or supply curves, causing a change in the equilibrium price and quantity.

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Bonds are not always categorized as group of answer choices callable or convertible. term or serial. secured or unsecured. secured or debenture.

Answers

It should be noted that Bonds are not always categorized as secured or unsecured.

What is a bond?

A bond  serves as a fixed-income instrument which is inform of a loan that is given a borrower by investor.

Therefore, bonds represents a loan, however it cannot be categorized as secured or unsecured.

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Why do large corporations want to become more like small businesses?

Answers

Answer:

Many large corporations want to become more like small businesses because they want to make their firm more flexible, resourceful, innovative, and competitive. ... For businesses based off the internet, they are able to adapt to market changes quickly.

Small businesses are more nimble than larger businesses, and are better able to adapt as market conditions change. Because a small business is closer to its customers, it is in a better position to hear feedback and observe changing preferences.

Shaniqua sells life insurance and is considering buying a $60,000 Lexus for business purposes (thus, the expense reduces her taxable income). If Shaniqua is in the 40 percent marginal tax bracket, how much after-tax income will she have to give up in order to enjoy the Lexus?a. $24,000b. $36,000c. $30,000d. $84,000

Answers

Shaniqua will have to give up $24,000 of after-tax income in order to enjoy the Lexus.

Hence, the correct option is A.

Shaniqua, who is in the 40 percent marginal tax bracket, is considering buying a $60,000 Lexus for business purposes. Since the car will be used for business, Shaniqua can deduct the cost of the car as a business expense, which will reduce her taxable income.

The tax savings from deducting the cost of the car will be equal to the cost of the car multiplied by Shaniqua's marginal tax rate of 40 percent. Therefore, the tax savings will be

$60,000 × 0.4 = $24,000

This means that Shaniqua will have to give up $24,000 of after-tax income in order to enjoy the Lexus. In other words, if Shaniqua decides not to buy the car, she would need to earn an additional $24,000 before taxes to be able to afford it.

Therefore, the answer is (a) $24,000.

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How do your parent(s) or guardian(s) and your own spending and saving habits
compare and contrast from one another? Write the similarities and differences.

Answers

Answer:

I spend more than them ngl lol dead

Explanation:

My parents are the ones who pay for the gas, bills, buying groceries, and other necessities using the money that they earn. I save all the money I earn from my job and seldom buy stuff compared to my parents. The few purchases I made were not necessary for me to survive, but I really wanted it. My parents and I always consider the price of something before we buy it so as to not waste money. Also, we always try to save up some of our money as well.

You have $100,000 to donate to your college. You want to endow a perpetual scholarship that makes its first payment in 1 year. If the college's discount rate is 5%, how large will the annual scholarship payment be?

Answers

Answer:

$5,000

Explanation:

Calculation for how large will the annual scholarship payment be

Using this formula

Cash Flow= Present Value x Rate

Where,

Present Value =$100,000

Rate=5%

Let plug in the formula

Cash Flow=$100,000*5%

Cash Flow=$5,000

Therefore how large will the annual scholarship payment be is $5,000.

Which aspect of diversity can be positive or negative? A (blank) can be negative or a positive.

Answers

Answer:

Positive aspects of diversity is that no one is the same. Everyone is  their own person. There is no negative to diversity. It is the people themselves who think negativly of diversity often by discrimination.

Explanation:

i hope this helped and was on point and I'm sorry if it wasn't. I just stumbled on your question...

Answer:

stereotyping

Explanation:

_______ will help you maintain good credit.

Answers

Paying your Bills on Time will help you to maintain good credit.

Why do one need to Pay Bills on Time?

The act if paying one's credit card bills and other forms of loans on time is very vital.

Mostly  because  late or missed payments could lead to a dip in one's credit score. If one is not totally concerned about missing a due date, it is better to have a form of automatic bill payment that can help one  to stay on top of one's account payments.

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Answer: lowering your balances

which of the following is a cost of offering a cash discount? multiple choice question. potential increased sales volume. accelerated payment from customers who take advantage of the discount. a reduction in the amount of cash collected from customers who take advantage of the discount.

Answers

The cost of offering a cash discount is a reduction in the amount of cash collected from customers who take advantage of the discount.

This is because customers who take advantage of the discount pay less than the full amount owed, resulting in less cash being received by the company. However, offering a cash discount can also have benefits such as potential increased sales volume and accelerated payment from customers who take advantage of the discount. These benefits can improve the company's cash flow and overall financial performance.

Therefore, when deciding whether to offer a cash discount, companies need to carefully consider the potential costs and benefits and weigh them against each other. They also need to ensure that the discount offered is sustainable and does not significantly impact the company's profitability.

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Distinguish between vending machines and mail-order houses. Explain the usefulness of mail-order houses. What type of products generally handled by vending machines and mail-order houses?

Answers

Answer:

Explanation:

A vending machine is a machine that provides items which includes snacks, beverages, lottery tickets etc to consumers after cash, or a credit card is inserted into the machine. In addition, they are usually automated.

Mail order houses on the other hand, are companies that sell or manage mail orders. They sell their products through mail and there usually is no direct contact between the seller abs the buyer.

Mail order houses eliminates the use of middlemen: this is one of the most important usefulness of mail order, eliminating the use of middlemen thereby saving both the buyer and seller whatever they should have parted with for the middleman.

Bad debt is non existent: Mail order houses do not give out credit to customers, and as such, bad debts never come into the scenario.

Convenience: Mail orders typically deliver to the doorstep of customers. This is very convenient for the customers.

Products handled by mail order include;

Office supplies

Jewelry

Computer hardware

Beauty products

Products handled by vending machines include;

Beverages

Snacks

Lottery tickets

Cigarettes

What is one benefit that you or someone you know receives as a result of government
spending?
I

Answers

Answer:

They are a more reliable means of help in anything.

One benefit is that when my family gets sick, the government pays for the NHS and we can easily get the antibiotics and care for either a lot cheaper or it would be free

what is the consumer review fairness act and how does it come into play in this case? what was the final outcome of this case to date? (at least one paragraph) what is your personal opinion on the case?

Answers

The Consumer Review Fairness Act is a federal law enacted in 2016 that protects consumers' ability to post honest reviews of products and services online.

The law prohibits companies from using non-disparagement clauses in contracts that prevent consumers from posting negative reviews, and it also prohibits companies from retaliating against consumers who post negative reviews.  In a recent case, the Federal Trade Commission (FTC) sued a company called Roca Labs for violating the Consumer Review Fairness Act. Roca Labs had used non-disparagement clauses in its contracts with consumers, and it had also threatened legal action against consumers who posted negative reviews. The FTC argued that these actions were illegal under the Consumer Review Fairness Act, and the case ultimately resulted in a settlement.


The settlement required Roca Labs to pay $340,000 in fines and to stop using non-disparagement clauses in its contracts. The settlement also required Roca Labs to notify consumers who had signed contracts with the company that the non-disparagement clauses were no longer enforceable.


Companies should not be allowed to silence negative reviews or retaliate against consumers who post them. The settlement in the Roca Labs case sends a clear message that these practices are illegal and will not be tolerated.

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How do companies use social media sites to promote their products?

Answers

Answer:

Social media offers an easy and low-commitment way for potential customers to express interest in your business and your products. Lead generation is such an important benefit of social media for business that many social networks offer advertising formats specifically designed to collect leads.

3. Which of the following is NOT an example of a violation of professional ethics?

Answers

Ummm we need more of the question

Coming to a school activity after participating in happy hour with colleagues is not an example of a violation of professional ethics.

What is professional ethics?

Professional ethics encompass the personal and corporate standards of behaviour expected of professionals. The word professionalism originally applied to vows of a religious order. By no later than the year 1675, the term had seen secular application and was applied to the three learned professions, they are divinity, law, and medicine. The term professionalism was also used for the military profession around this same time.

Professionals and those working in acknowledged professions exercise specialist knowledge and skill. The use of this knowledge should be governed when providing a service to the public can be considered a moral issue and is termed professional ethics. It is capable of making judgments, applying its skills, and reaching informed decisions in situations that the general public cannot because they have not attained the necessary knowledge and skills.

One of the earliest examples of professional ethics is the Hippocratic oath to which medical doctors still adhere to this day.

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shine-bright dish corp. has five different dish soaps, each has a different fragrance but they all do the same job of cleaning dishes. these products are all treated as a unit and have a similar marketing strategy. this group of products is an example of a

Answers

These products are all treated as a unit and have a similar marketing strategy. This group of products is an example of a Product Line.

A product line is a collection of connected goods that have a common function or advantage for the consumer. In order to increase overall sales volume, product lines are sometimes offered together under a single brand.

The five various dish soaps from Shine-Bright Dish Corp. all have the same cleaning ability, but their distinctive scents set them apart from one another. Customers can select from a range of different fragrances in Shine-product Bright's line while still receiving the same cleaning benefit.

This makes sure that clients have a variety of options, which can ultimately assist to boost overall sales.

Complete Question:

Shine-bright dish corp. has five different dish soaps, each has a different fragrance but they all do the same job of cleaning dishes. These products are all treated as a unit and have a similar marketing strategy. This group of products is an example of a __________.

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Which is a cause for quality issues in IS implementation?

Which is a cause for quality issues in IS implementation?

Answers

The scope of the project increases due to change requests from clients. Option B is correct

This is further explained below.

What is  IS implementation?

Generally, A strategy, technique, or any concept, idea, model, specification, standard, or policy for carrying out anything is considered to have been implemented when it is put into action or practiced.

Therefore, the activity that must follow any preparatory thought that is done in order for anything to truly happen is known as implementation.

In conclusion, Changes that were requested by customers resulted in an expansion of the project's scope. Alternative C

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Answer:

The scope of the project increases due to change requests from clients.

Explanation:

Samantha deposits $1,500 into the Park Street Bank. The account pays 1.12% annual interest, compounded daily. To the nearest cent, how much is in the account at the end of three non-leap years?

Answers

Answer:

=$1,551.255

Explanation:

The amount can be calculates using the formula

A = p x ( 1 + r) ^n

Where A = Amount

P= principal: $1500

r=1.12% or 0.0112 per year.  Dairy interest rate = 0.0112/365

n = 365 days x 3 = 1095

A= 1500 x( 1 + 0.0112/365)^1095

A =$1500 x ( 1.00003068493)^1095

A =$1500 x 1.034170

A =$1,551.255

Which part of the purchasing process includes the sum of money due in
payment for the goods?
A. Invoice
B. Payment
C. Requisition
D. Shipping
ANSWER: A. Invoice

Answers

Explanation:

it is a document given by the supplier,which contains

information on the quality,PRICE of goods sold

also date

well this is what ik,so hope it helps ig

Answer:

in voice

Explanation:

Value CAPM Elements Risk-free rate (TRF) ____ Market risk premium (RPM) 10.4% Happy Corp. stock's beta 2.8% Required rate of return on 5.5% Happy Corp. stock 5.0%

Answers

The rate of return that an investor would anticipate from a risk-free investment, such as a government bond, is known as the risk-free rate (TRF).

The value CAPM elements you provided are as follows:
- Risk-free rate (TRF)
- Market risk premium (RPM)
- Happy Corp. stock's beta
- Required rate of return on Happy Corp. stock

The risk-free rate (TRF) represents the rate of return that an investor would expect to receive from a risk-free investment, such as a government bond. In this case, the risk-free rate is not given, so we cannot calculate the other elements of the CAPM.

The market risk premium (RPM) represents the additional return that an investor would expect to receive from investing in the stock market as opposed to a risk-free investment. The RPM in this case is given as 10.4%.

Happy Corp. stock's beta is a measure of the stock's volatility in relation to the overall market. A beta of 1 indicates that the stock's price moves in line with the market, while a beta greater than 1 indicates that the stock is more volatile than the market. In this case, the stock's beta is not given.

The required rate of return on Happy Corp. stock represents the minimum rate of return that an investor would require to invest in the stock. In this case, the required rate of return is given as 5.0%.

Without knowing the risk-free rate and the stock's beta, we cannot calculate the other elements of the CAPM.

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THERE ARE TEN BUTTONS ON THE TABLE

Answers

Answer:

what

Explanation:

..............................cool................

uh this makes no sense bruh

Which of the following is essential for a firm to gain a sustained competitive advantage over its competitors?

Answers

Answer:

Down Below

Explanation:

The resources must be valuable, rare, imperfectly imitable, and non-substitutable.

There is no such thing as "the law" in that law comes from many different sources.

Answers

Answer:

At both the federal and state levels, the law of the United States can be traced back to the common law system of English law, which was in force in the American colonies during the time of the Revolutionary War. Since then, U.S. law has diverged greatly from its English roots both in terms of substance and procedure. The main departure occurred when the United States ratified the Constitution in 1789. In effect, the Constitution and federal statutes and laws made in furtherance of the Constitution were established as “the supreme Law of the Land.” From that point on, the law of the land was no longer based on legal practices in England but became distinctly American and home grown. When the individual states ratified their state constitutions, the state legislatures obtained the power to establish state law, or the “Law of the State.” Together, this collection of federal and state laws constitutes something we often refer to as the “body of law.” This body of law governs the behavior of individuals, businesses, and even governments. Just like the human body, the “body of law” is comprised of multiple parts, each performing an individual function while simultaneously working together as a whole. In this section, we will examine two of the most fundamental types of laws, followed by nearly every nation in the world: statutory law and common law.

Which sentence best completes the diagram?

A. Investors are more likely to purchase bonds.
B. Investors are less likely to purchase bonds.
C. Banks are less likely to lend money.
D. Banks are more likely to lend money.

Which sentence best completes the diagram?A. Investors are more likely to purchase bonds.B. Investors

Answers

When a central bank raises interest rates on reserves, C. Banks are less likely to lend money.

What are the effects of increased interest rates on reserves?

Increased interest rates affect reserves by discouraging banks from lending.

When interest rates increase, they cause:

A decrease in inflationGoods and services become more expensiveBorrowing money becomes more costly.

Thus, when a central bank raises interest rates on reserves, C. Banks are less likely to lend money.

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