A firm that has either a differentiated or homogenous product is Monopolistic Co
ID: 1203130 • Letter: A
Question
A firm that has either a differentiated or homogenous product is Monopolistic Competitors have limited control over Regulations and Incentives are examples of investment is done with the use of financial intermediaries. Profits are maximized where & intersect. When a firm is faced with shut-down conditions they bear only the cost. costs are the economic costs associated with going into business for yourself. A concentration ratio of 600 is considered to be. A law that governs the amount of interest that is capable is known as. calculations are used see how much you will have in 20 years.Explanation / Answer
21. Monopolistic competition.
Under this market form the products are either differentiated or homogeneous to each other. They products are very similar to each other they are almost identical and close substitutes of each other.
22. Product price.
This is so because, the products are almost identiacal to each other having a very close competition amongst each other, so the firms have little control over the price due to the availability of close substitutes.
23. Negative externality related to environment.
To remove the negative externality related to pollution or anyother kind of environmental degradation the government should impose regulations on the pollution emission or give incentives not to pollute/degrade environment.
24. Tangible. .
Tangible assets are those which are physical objects in nature. In making an investment in tangible assets, a financial intermediary is required.
25. MC = MR
Profit maxisiming level of output is attained where the marginal revenue equals the marginall cost.
26. Variable cost.
In the short run if the firm is able to bear its variable cost, it will continue to operate, else shut down.
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