The following could be considered monopolistically competitive: The athletic shoe industry in the United States The Soap industry in the United States None of the available answers The coal industry in the United States Corn markets

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A:

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A: "Monopolistically competitive industry consists of many firms which sell commodities or services…

Q: The market for used phones is perfectly competitive. The Marginal Willingness to pay (MWTP) and the…

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Q: A. Define marginal revenue and marginal cost.

A: We will answer the first question since the exact one was not specified. Please submit a new…

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A: Answer -

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Q: Is economic globalization leading to sustainable prosperity for all ?

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A: The Gross Domestic Product (GDP) of a nation/economy is the monetary worth of all final products and…

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A: Equilibrium in the market occurs at such a price where demand is equal to supply.

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A: NOTE: Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the question…

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A: Equilibrium level of the firm is achieved where marginal cost and marginal revenue are equal .

Q: Betty runs a toy store. Each toy costs Betty $4 and sells for $10 (so the gross profit per unit sold…

A: Given,

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A: Statement D is true.

Q: IV. A small business determined that the price-demand and cost functions for producing and selling x…

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A: Elasticity measures the responsiveness of quantity demanded with respect to change in price.

Q: 2. Fill in the table Bar of Total Soap Fixed (Quantity) Cost 100 P1,000 200 1,000 300 1,000 400…

A: We use the following formulas to fill the above table: 1) Total Cost = Total Fixed Cost + Total…

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Q: why raise in a minimum wage of a workers is better than raise of the minimum wage to 15$

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A: Given,  General Election in Indonesia is scheduled for 14th Feb 2024 to elect a new a new President…

Q: Evaluate the extent to which Livestock Wealth is implementing the concepts of “shared value” and…

A: Shared value means that the businesses are adopting those practices that help in increasing the…

Q: What is the purpose of economic sanctions? What problems do they pose for the nation initiating the…

A: Economic sanctions are commercial and financial penalties applied by one or more countries against a…