Monopolistically competitive firm is the firm that produces at an output where average total cost is not a minimum. From this follows that this type of firm is marginally inefficient. In general, monopolistically competitive firms earn profits slightly above their cost in the long run.
In general, monopolistically competitive firms can earn profits in the short run and long run, but the amount of profit varies. Unlike perfectly competitive firms, monopolistically competitive firms have some degree of market power, meaning they can differentiate their products and charge higher prices.
In general, monopolistically competitive firms can earn profits in the short run and long run, but the amount of profit varies. Unlike perfectly competitive firms, monopolistically competitive firms have some degree of market power, meaning they can differentiate their products and charge higher prices. However, since there is still some level of competition, the profit margins are typically lower compared to monopolies or oligopolies.
For example, a monopolistically competitive firm may sell unique flavors of ice cream that are not available from other firms in the market. This differentiation allows them to attract customers willing to pay a premium price for their product. However, if other firms introduce similar flavors or the market becomes saturated, the firm's ability to earn profits may decrease.
Overall, monopolistically competitive firms can earn profits, but the level of profit depends on market conditions, product differentiation, and the ability to maintain a loyal customer base.
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Answer: export steel and import wheat
Explanation:
According to the Heckscher-Ohlin model, a country should export the foods and services that it can produce in abundance and also produce efficiently while it imports the one that is less efficiently produced of the two goods being compared.
In this scenario, the two countries in this model are the United States and the Rest of the World; the two goods being produced by each of the countries are steel and wheat; the two factors of production used in producing the goods in each country are capital and land.
Since the United States is capital-abundant and steel production is capital-intensive, this mean that the United States can produce steel more efficiently and in abundance. Therefore, U.S should produce steel and export to other countries while it buys wheat from the rest of the world.
Answer:
A competition
Explanation:
2)the account that earns 1.2 percent compounded monthly
Answer:
2)the account that earns 1.2 percent compounded monthly
Explanation:
Compounded means that it is when the interests will be added to the main account as payment, in this case the cmpounded annualy just gives you 1.2% of the mean balance of the account for the year, while the compounded monthly gives you the same 1.2% of the mean balance of the account but once a year, so it grows 12 times a year, rather than just one, that´s why the account that is compounded monthly will give her more money than the one that is compounded annually.
living matter found at each trophic level in an ecosystem
energy available at each trophic level in an ecosystem
organisms found at each trophic level in an ecosystem
Answer:
its b 100 percent
Explanation: