What two markets have long-run breakeven profitability attained by the firms within that market? Although Firms in each of these markets will realize breakeven, what is a distinguishing difference between these Firms earning a normal long-run profit?

Answers

Answer 1

Two markets that have long-run breakeven profitability attained by firms are perfect competition and monopolistic competition.

In perfect competition, firms achieve long-run breakeven profitability because of the presence of numerous firms, homogeneous products, and ease of entry and exit from the market. In this market structure, firms earn zero economic profit in the long run as new firms are attracted to the market when existing firms are making positive economic profits, leading to increased competition and reducing profits to zero.
In monopolistic competition, firms also achieve long-run breakeven profitability, but with a distinguishing difference from perfect competition. In monopolistic competition, firms differentiate their products through branding, marketing, or product differentiation strategies. This differentiation creates a degree of market power for each firm, allowing them to charge a higher price than in perfect competition. However, this market power is limited, and in the long run, new firms can enter the market with similar differentiated products, eroding the market power of existing firms and driving profits to zero.
The distinguishing difference between these firms earning a normal long-run profit is that in monopolistic competition, firms have some degree of product differentiation and can charge a higher price, whereas in perfect competition, firms offer identical products and compete solely based on price. This difference allows firms in monopolistic competition to maintain a small level of market power and earn a normal long-run profit, albeit with intense competition.

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Related Questions

How do plants obtain the water required for photosynthesis?​

Answers

Answer:

from their roots

Explanation:

the roots dig into the ground and absorb water for the plant

Answer:

they obtain their water from the roots of the plant and roots take the water from the soil.

Opportunity cost is best described by which of the following statements?
Choose 1 answer:
Choose 1 answer:

(Choice A)

The value of the next best option given up when making a decision

(Choice B)

The tradeoffs faced when choosing how to use a scarce resource

(Choice C)

The price to a consumer of a good or service

(Choice D)

The cost a buyer sees for something they want

(Choice E, Checked)

The monetary cost of any economic transaction

Answers

Answer:

The value of the next best option given up when making a decision.

Explanation: In Opportunity cost means what we give up to get it.

The worth of the next best choice foregone during decision-making. As a result, choice (A) is the right reaction.

What is opportunity cost?

The value or gain that is given up in return for engaging in a certain activity as opposed to engaging in a different activity is known as the opportunity cost in microeconomic theory.

To put it another way, it means that by deciding on one path of action (like making an investment), you are giving up the opportunity to choose an other course of action. The best activity is regarded as the one that produces the maximum return among all others, after deducting opportunity costs.

The objective of opportunity cost, which illustrates the relationship between scarcity and choice, is to ensure efficient use of scarce resources. It accounts for all direct and indirect costs associated with decisions.

Hence, option (A) is accurate.

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A milestone occurring in which of these increments of time will be the farthest to the left on a timeline? 4 months 5 days 3 weeks 2 years

Answers

Answer:

A milestone occurring in 3 years of increments of time will be the farthest to the right on a timeline.

Explanation:

Here in the given options the increments of time are given.

Here, 3 years > 8 months > 12 weeks > 60 days.

Because, 3 years ≡ (3 × 365) days ≡ 1095 days

8 months ≡ (8 × 30) days ≡ 240 days

12 weeks ≡ (12 × 7) days ≡ 84 days.

Therefore, a milestone occurring in 3 years of increments of time will be the farthest to the right on a timeline.

Darren is purchasing a car that costs $10,000. he is taking out a simple interest loan at an annual rate of 3%. if he makes monthly payments over a period of 6 years, how much is his monthly payment?

Answers

Based on the cost of the car to Darren and the simple interest loan rate, the monthly payments over the 6 years will be $163.89

How to find the monthly payments?

To find the monthly payments, you first need to find the total amount that Darren will pay back in 6 years.

This total loan repayment for the car is:

= 10,000 + ( 3% x 10,000 x 6 years)

= 10,000 + 1,800

= $11,800

The total monthly payments to Darren are:

= Total loan repayment / Number of months

= 11,800 / (6 x 12 months a year)

= 11,800 / 72

= $163.89

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Hector Company gathered the following reconciling information in preparing its March bank reconciliation: Cash balance per books, 3/31$12,000 Notes receivable collected by bank6,000 Outstanding checks9,000 Deposits in transit4,500 Bank service charge75 NSF check1,200 Using the above information, determine the adjusted cash balance for March. a.$7,500 b.$16,725 c.$15,500 d.$12,225

Answers

Answer: $16,725

Explanation:

Given the following :

Cash balance per books for March = $12,000

Notes receivable collected by banks = $6000

Bank service charge - $75

Non-sufficient fund (NSF) check - $1200

Therefore, Adjusted cash balance for March:

(balance per books + notes receivable - bank service charge - NSF check)

$(12,000 + 6,000 - 75 - 1200)

$(18000 - 1275)

= $16,725

Standard costs should be developed by: Group of answer choices The CEO The most experienced managerial accountant at the company a democratic vote of all company employees a cross-functional team of all persons who have knowledge regarding a company's costs and production processes

Answers

Answer:

The most experienced managerial accountant at the company

Explanation:

In simple words, By historical experience or industrial guidelines, a standard cost can be calculated. To calculate its performance, the organisation will then evaluate the typical costs versus the real performance. There is a disparity often when measuring standard costs to real outcomes. Thus, the most experiences person in accounting should compute it.

firms that facilitate or provide one or more of the marketing functions other than buying are known as

Answers

Firms that specialize in providing marketing functions other than buying and selling are known as collaborators.

Collaborators are a unique type of marketing firm that specialize in providing marketing functions beyond just buying and selling.

They offer a variety of services including market research, advertising, social media management, website development, and more.

Collaborators strive to understand their clients’ needs and goals, and tailor their approach to designing and executing campaigns that will deliver maximum results.

With their comprehensive suite of services, collaborators can help your business reach its goals and maximize its potential.

Collaborators provide businesses with the support they need to reach their desired customer base and create successful campaigns.

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If there are five goods in a barter​ economy, one needs to know ten prices in order to exchange one good for another.​ If, however, there are ten goods in a barter​ economy, then one needs to know​ ________ prices in order to exchange one good for another.

Answers

Why is the type like this???

2. Describe what a supply curve looks like.

Answers

A supply curve is a graphical representation of the relationship between the quantity of a good or service that producers are willing to sell and the price of that good or service. The curve is typically upward-sloping, meaning that as the price of the good or service increases, the quantity supplied by producers also increases.

How does the supply curve shift?

Supply curve shift: Modifications in manufacturing costs and related variables might result in a whole supply curve moving to the right or left. This results in the supply of a higher or lower quantity at a specific price. The ceteris paribus premise states that supply curves link prices and quantities delivered under the premise that nothing else changes.

The curve is typically drawn on a graph with price on the vertical axis and quantity on the horizontal axis. The specific shape of the curve can vary depending on the characteristics of the market and the nature of the good or service being sold. In some cases, the curve may be relatively flat or steep, indicating a more or less elastic supply, respectively.

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The existence of goodwill on a corporate balance sheet indicates that the corporation has:________

Answers

The existence of goodwill on a corporate balance sheet shows that the business enterprise has: been worthwhile in the past.

A balance sheet is a statement of a business's belongings, liabilities, and owner's equity as of any given date. commonly, a stability sheet is prepared at the quit of set periods (e.g., each zone; annually). A stability sheet is produced from columns. The column at the left lists the assets of the organization.

In economic accounting, a balance sheet is a summary of the economic balances of a character or organization, whether or not it's a sole proprietorship, a business partnership, a business enterprise, a personal restrained business enterprise, or another business enterprise along with authorities or now not-for-profit entity.

A balance sheet offers you a photo of your company's monetary function at a given factor in time. in conjunction with an income declaration and a coins float declaration, a balance sheet can help commercial enterprise owners evaluate their organization's financial standing.

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a) Discuss FIVE (5) reasons on how financial intermediaries can improve the efficiency of financial markets. (10 marks) b) Explain the differences between maximising profits and maximising shareholders’ wealth. Justify which one should be the goal of financial management. (6 marks) c) Discuss any THREE (3) costs and THREE (3) benefits of operating business as a corporation. (9 marks)

Answers

a) Financial intermediaries can improve the efficiency of financial markets by:

Pooling and diversifying risks.

Providing liquidity to investors.

Reducing transaction costs.

Providing information to investors.

Matching borrowers with lenders.

b) Maximizing profits refers to the goal of maximizing the financial returns of the company, while maximizing shareholders' wealth refers to the goal of increasing the long-term value of the company's shares.

The latter is considered the better goal of financial management as it takes into account the interests of both the shareholders and the company's stakeholders, including employees, customers, and the wider community.

c) Costs of operating a corporation include:

High start-up and operational costs.

Increased regulation and legal requirements.

Potential for double taxation.

Benefits of operating a corporation include:

Limited liability for shareholders.

Ability to raise capital through the issuance of shares.

Perpetual existence and continuity of the business.

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Identify the problem by analyzing the given scenario. An IT software company is losing market share because it fails to launch new products in a timely manner. Decisions are centralized at the top, and employees have little or no voice. One way to solve this problem is to use teams to eliminate ____ in the company.​

Answers

Explanation:

to eliminate their best efforts in the company

Answer:

"bureaucratic barriers"

Explanation:

i got it right on plato

What are the advantages and disadvantages of the three primary business writing formats?

Answers

Answer and Explanation:

The business writing formats benefits and disadvantages of the three primary business writing formats are described below:-

A memorandum is a formal define that it is the way of communication that enables corporations to connect with their workers. This is typically used to distribute updates or issues.

Memos are highly increasingly being replaced by e-mail, so sending a memo is more difficult and costly. Therefore, a Business Letter is a structured communication method that's best used to connect with clients.

It generally takes more time to write and format a business letter than to write an email or memo.

As we know that an Email is easy to send and priceless, and make enable to send message to many people at a time also Many unwritten e-mails etiquette rules and can be too casual for many business purposes.

Business writing formats includes the use of memorandum, email business letters etc. The advantages and disadvantages of the three primary business writing formats are:

A Memorandum: (Advantages)

This is simply a formal, internal communication tool which allows companies to communicate with their employees. It is known to be used to deliver announcements or problems.

Disadvantages

Memos are said to be rapidly been replaced by e-mail due to the fact that it is more complicated and expensive to deliver a memo.

Business letters (Advantages)

A Business Letter is simply known as a formal communication tool which is utilized for communicating with customers.

Disadvantages

Writing and formatting a business letter often takes more time than composing a memo or e-mail.

Emails (Advantages)

E-mail is quick, easy and cheap, and allows you to send messages instantly to any number of people.

Disadvantages

E-mail has too much unwritten rules  to follow (etiquette) and it is too informal for many business purposes.

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sometimes, firms have difficulty moving through the brainstorming process themselves. when this occurs, they can hire outside firms such as ideo, which help to create an environment that is conducive to blank . multiple choice question.

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Sometimes, firms have difficulty moving through the brainstorming process themselves. When this occurs, they can hire outside firms such as IDEO, which help to create an environment that is conducive to brainstorming.

When firms have difficulty moving through the brainstorming process themselves, they can hire outside firms such as IDEO. These firms help to create an environment that is conducive to brainstorming. Brainstorming is the process of generating creative ideas and solutions to problems. This process is often used in business to develop new products, marketing strategies, and other innovations.

However, it can be difficult to facilitate brainstorming sessions effectively, this is where firms like IDEO come in. They are experts in the field of design thinking and can help businesses to create an environment that fosters creativity and innovation. By hiring these firms, businesses can improve their brainstorming process and come up with more effective solutions.

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Which term is used to describe the recession-expansion pattern that happens in our economy?
Group of answer choices
A.business cycle
B.short-run cycle
C.output-input cycle
D.unemployment-inflation cycle
E. inflationary cycle

Answers

Business cycle is used to describe the recession-expansion pattern that happens in our economy. Option A is the correct answer.

An economic cycle, usually referred to as a business cycle, describes the swings in the economy between expansion and recession. Growth and contraction, including recession—a fall in economic activity that can linger for many months—are characteristics of economic expansion. Option A is the correct answer.

The economic cycle, sometimes known as the business cycle, has four stages. A government may use an expansionary fiscal strategy and quick deficit spending during a recession. In order to avoid the economy overheating during an expansion, it can also undertake a contractionary fiscal strategy that involves taxing and maintaining a budget surplus to lower aggregate expenditure. A government may use an expansionary fiscal strategy and quick deficit spending during a recession.

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Which of the four dimensions of theEI competency framework is characterized by the ability to understand wider groups

Answers

The EI (Emotional Intelligence) competency framework comprises four dimensions, including self-awareness, self-management, social awareness, and relationship management.

Among these four dimensions, social awareness is characterized by the ability to understand wider groups.

Social awareness involves the capacity to comprehend and empathize with the emotions, needs, and perspectives of others. It includes the ability to read and interpret social cues, such as body language and facial expressions, and to identify the emotional states of others relationship management. accurately. Social awareness also encompasses an understanding of group dynamics, such as power structures, norms, and values, and how these factors influence behavior and interactions.

By being socially aware, individuals can navigate social situations more marginal cost effectively, build positive relationships with others, and collaborate more successfully in group settings. It is a vital skill in leadership, teamwork, and any situation that involves interacting with others.

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Weston makes uniforms and overalls for employees in any industry where there is a risk of fire injury. It uses fabric from Indie Fabric Co. for all of the uniforms it manufactures. If there is a decrease in the demand for products in the chemical industry, then there will be a decrease in employment in that industry. This will lead to a decrease in the demand for Weston's uniforms. Since fewer uniforms will be needed, the sales for Indie Fabric will decrease. This is an example of:

Answers

Answer:

Derived Demand

Explanation:

Derived demand refers to a demand for an intermediate good or factor of production with respect to the demand for another intermediate good or factor of production.

In the given example, there will be a decrease in the demand for Weston's uniforms with a decrease in employment in that industry.

As a result, the sales for Indie Fabric will also decrease.

This is an example of Derived Demand.

Answer the above Questions ​

Answer the above Questions

Answers

Explanation:

1. In left attachment

2. • Join stock company : A joint-stock company is a business owned by its investors, with each investor owning a share based on the amount of stock purchased. Joint-stock companies are created in order to finance endeavors that are too expensive for an individual or even a government to fund.

→ Partnership firm: A partnership is an association of two or more persons to carry on, as co-owners, a business and to share its profits and losses. ... It is the ideal form of organisation for the enterprise requiring moderate amount of capital and diversified managerial talent.

» Difference is in Right attachment
Answer the above Questions
Answer the above Questions

Answer:

hii(≧▽≦)

army...............

A d d m e o n d i s c o r d
Katelyn#6394

Answers

Answer:

ok and thanks for the points

thanks:)

Answer:

ok

Explanation:

FREEEEEEE POINTS

One cost of starting your own business is
A. Loan payments on a small business loan
B. Escrow
C. Revenue
D. PMI

Answers

the answer is A. loan payments on a small business loan

Answer:

A. Loan payments on a small business loan

Explanation:

One cost of starting your own business is loan payments on a small business loan.

6. Identify a change in technology during each of the time periods in history below that you believe improved the
way marketing activities were completed. List the example and explain how it contributed to marketing during
that time.
(a) 1900s to 1930s
(b) 1930s to 1950s
(c) 1950s to 1980s
(d) 1980s to today
Answer:

Answers

Answer:

Prior to the 1950s, the production orientation generally held true due to the growing numbers of affluent and middle class people that capitalism had created.

Say’s Law states that the “production of commodities creates, and is the one and universal cause which creates, a market for the commodities produced”.

The emphasis of firms adopting a production orientation of marketing would have been based on the theory of economies of scale, which are the cost advantages that an enterprise obtains due to expansion.

If a firm's business activities do not result in profit maximization, whilst alternatives exist, then such activities amount to irresponsible actions. Discuss any five sets of economic responsibilities firms must embrace to ensure the protection and enhancement of the business.

Answers

Explanation:

For a company to remain profitable and competitive in the market, it must build a solid and positive positioning that guarantees itself and its stakeholders reliability and competence.

For this, some practices must be adopted in all its internal and external processes. Can be:

Compliance with local legislation. Development of policies that promote ethical behavior .Development of social programs .Environmental management focused on minimizing environmental impacts. Transparency in accounting results.

The company must institute social and environmental policies and practices since its strategic planning, as currently at a level of global competitiveness, companies are responsible for developing corporate governance with a focus on helping to promote good practices that assist in the development of society and preserving the environment. Having positive values ​​builds a positioning that increases the reliability of the company's processes and ensures the continuous improvement of the processes, the reduction of waste, the attraction of investors, etc.

what should be done to preserve the traditional knowledge, skill and technology? write any four measures​

Answers

Answer:

We should utilized them property.

If we want to preserve traditional knowledge ,skill we have to promise to ourselves that we have to not to forget our tradition skill knowledge

They give our cultural identity.

They help in presentation of art.

In order to preserve our traditional knowledge, skill, and technology, we need to;

1. Incorporate them into our museums.

2. Set days aside for their remembrance.

3. Teach them to our children and younger generation.

4. Use them in our daily lives.

Our traditional knowledge, skill, and technology are things that identify us. Therefore, we must preserve them if we do not want to lose parts of ourselves. Museums are places where sacred things and valued aspects of our culture can be kept for preservation and monetization purposes. Special days in the year can also be marked for the celebration of these technologies and skills.

It is also vital that the younger generation are taught these skills and technologies so that they do not die with the older generation. Finally, we should proudly use these skills in our daily lives so that they become entrenched in our lives.

Conclusively, Museums, special days, teaching, and proudly using our skills, knowledge, and technology are effective ways to preserve them.

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what should be done to preserve the traditional knowledge, skill and technology? write any four measures

why do people care about their social status?

Answers

Answer:

because they could be very popular

Explanation:

can you give brainliest

matics A
Select the correct answer from each drop-down menu.
The function f(x) = 500(1+2015)4 models the balance in a savings account.
The savings account had an initial balance of
and compounds
Reset
Next
at an interest rate of

Answers

Answer:

50%

Explanation: i worked out the problem and got that answer

What are the board directors in charge of

Answers

Answer:

The board of directors is elected to represent shareholders' interests

Explanation:

Every public company must have a board of directors composed of members from both inside and outside the company. The board makes decisions concerning the hiring and firing of personnel, dividend policies and payouts, and executive compensation. hope this helps you :)

a 6.65 percent coupon bond with 27 years left to maturity can be called in eight years. the call premium is one year of coupon payments. it is offered for sale at $1,126.45. what is the yield to call of the bond? (assume interest payments are semiannual.)

Answers

5.35% is the yield to call of the bond.

$1,066.50 is the face value and the Discount rate is 6.65%.

Compounding period per year=1 and Number of years to call=8

Periodic interest (PMT): $66.50 and Price of the Bond (PV): $-1,126.45

Number of compounding periods till call (NPER)=8

Bond Yield to call =  RATE (NPER, PMT, PV, FV)

5.35% is the Bond Yield to Call.

Fixed-income instruments called bonds represent loans made by investors to borrowers (typically corporate or governmental). A bond is comparable to a contract between a lender and borrower that specifies the conditions of a loan and the payments that will be made in connection with it.

The end date by which the principal of the loan is anticipated to be paid to the bond owner is often included in bond specifications, as well as the terms for the borrower's variable or fixed interest payments.

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suppose that in year 1, real gdp was $60 billion and in year 2, real gdp rose to $69 billion. the growth rate of real gdp was %. (enter just the number; % sign has been provided for you.)

Answers

The growth rate of real GDP for the country is 15%.

What is the growth rate?

GDP is an abbreviation for gross domestic product. The gross domestic product of a country is the sum of all the final goods and services that are produced in a country in a given period, usually a year.

Gross domestic product is usually an indicator of the standard of living of the population. The higher gross domestic product is, the higher the standard of living of the populace of the country.

Real GDP is the gross domestic product of a country that has been adjusted for inflation. It reflects the changes in the production of goods and services of the country only.

Growth rate of Real GDP = (real GDP in year 2 / real GDP in year 1) - 1

($69 billion / $60 billion) - 1 = 0.15 = 15%

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1. (Yes / No) Are all dividends paid to
shareholders by corporations
considered "qualified"dividends?
2. (Yes / No) Do both individuals and corporations get to enjoy lower Federal tax rates on qualified dividends as compared to other income (such as taxable interest income)? 3.For 2021, Commodore Corporation had the following items of income: Received $500 of interest income from a State of California Bond Received $200 of interest income from a City of San Jose Bond Received $1,000 of interest earned in a bank account. Received $400 of interest from a U.S. Government Bond Sold some California bonds for $20,000. The tax basis of the California Bond sold was $15,000 and they were purchased in 2017.
How much, if any, taxable income does Commodore Corporation have on the above items?

Answers

1. No, not all dividends paid to shareholders by corporations are considered "qualified" dividends.

2. Yes, both individuals and corporations can enjoy lower Federal tax rates on qualified dividends compared to other types of income.

1. Qualified dividends refer to dividends that meet certain requirements set by the IRS. These requirements include holding period criteria and being paid by a qualified U.S. corporation or a foreign corporation that meets specific criteria. Dividends that do not meet these requirements are considered non-qualified dividends and may be subject to higher tax rates.

2. Both individuals and corporations can benefit from lower Federal tax rates on qualified dividends. For individuals, qualified dividends are generally taxed at the same rates as long-term capital gains, which are typically lower than ordinary income tax rates. Similarly, corporations also enjoy lower tax rates on qualified dividends due to the preferential treatment given to such income.

Regarding the specific scenario of Commodore Corporation, without additional information about the tax treatment of the different types of income and any applicable deductions or exemptions, it is not possible to determine the exact taxable income. However, it is important to consider that interest income, including income from bonds, is generally taxable, while the sale of assets (such as the California bonds) may trigger capital gains or losses depending on the tax basis and sale price.

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Define the term unemployment and explain the relationship between unemployment and crime​

Answers

Answer:

The term unemployment refers to a situation where a person actively searches for employment but is unable to find work.

an illegal act for which someone can be punished by the government. especially : a gross violation of law. : a grave offense especially against morality

Explanation:

hope it helps️️

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