Why do most firms in monopolistic competition typically make zero profit in the long run?
a....
Business, 27.09.2019 02:00 bullockarwen
Why do most firms in monopolistic competition typically make zero profit in the long run?
a. because the total market is not large enough to accommodate so many firms
b. because the lack of entry barriers would compete away profits
c. because firms do not produce at their minimum efficient scale
d. because firms produce differentiated products
Answers: 3
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Business, 22.06.2019 05:30
The struter partnership has total partnersâ equity of $510,000, which is made up of main, capital, $400,000, and frist, capital, $110,000. the partners share net income and loss in a ratio of 80% to main and 20% to frist. on november 1, adison is admitted to the partnership and given a 15% interest in equity and a 15% share in any income and loss. prepare journal entries to record the admission of adison for a 15% interest in the equity and a 15% share in any income and loss under the following independent assumptions. (1) record the admission of adison with an investment of $90,000 for a 15% interest in the equity and a 15% share in any income and loss. (2) record the admission of adison with an investment of $120,000 for a 15% interest in the equity and a 15% share in any income and loss. (3) record the admission of adison with an investment of $80,000 for a 15% interest in the equity and a 15% share in any income and loss.
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Business, 22.06.2019 08:40
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Business, 22.06.2019 09:40
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