Business, 20.03.2020 23:08 xxaurorabluexx

Over the past 5 years, 50 new restaurants have opened and 30 have closed in the city of Zuni. Currently there are 110 restaurants operating in the city. Which of the following best represents the market structure, barriers to entry, and economic profits in the long run?
Market Structure = Perfectly Competitive ; Barriers to Entry = Low ; Long Run Economic Profit = Negative

Market Structure = Perfectly Competitive ; Barriers to Entry = High ;Long Run Economic Profit = Positive

Market Structure = Monopolistic Competition ; Barriers to Entry = Low ;Long Run Economic Profit = Zero

Market Structure = Monopolistic Competition ; Barriers to Entry = High ; Long Run Economic Profit = Positive

Market Structure = Monopolistic Competition ; Barriers to Entry = High ; Long Run Economic Profit = Zero

Answers: 3

Show answers

Another question on Business

Business, 21.06.2019 20:30

Goods and services that can be used for the same purpose are and goods and services that are used together are

Answers: 1

Answer

Business, 21.06.2019 23:00

Which of the following statements about the relationship between economic costs and accounting costs is true? multiple choice accounting costs are equal to or greater than economic costs. accounting costs must always equal economic costs. accounting costs are always greater than economic costs. accounting costs are always less than or equal to economic costs.

Answers: 2

Answer

Business, 22.06.2019 20:00

Describe a real or made-up but possible example of a situation where an employee faces a conflict of interest. explain at least two things the company could do to make sure the employee won't be tempted into unethical behavior by that conflict of interest. (3.0 points)

Answers: 3

Answer

Business, 22.06.2019 21:30

Which is cheaper: eating out or dining in? the mean cost of a flank steak, broccoli, and rice bought at the grocery store is $13.04 (money.msn website, november 7, 2012). a sample of 100 neighborhood restaurants showed a mean price of $12.75 and a standard deviation of $2 for a comparable restaurant meal. a. develop appropriate hypotheses for a test to determine whether the sample data support the conclusion that the mean cost of a restaurant meal is less than fixing a comparable meal at home. b. using the sample from the 100 restaurants, what is the p-value? c. at a = .05, what is your conclusion? d. repeat the preceding hypothesis test using the critical value approach

Answers: 3

Answer

You know the right answer?

Over the past 5 years, 50 new restaurants have opened and 30 have closed in the city of Zuni. Curren...

Questions