Monopolistic competition is very similar to perfect competition, though the firm has a small amount of market power. The oligopoly is very similar to the monopoly, though the firm does have a few competitors and the rivalry among those firms leads to an interdependent relationship among firms.he same is true for monopolistic competition; the ease of entry and exit extends to the monopolistically competitive market. Short-Run ProfitILoss and Long-Run Equilibrium for Monopolistic Competition When a monopolistic competitor enjoys a short-run economic profit, new firms are drawn into the industry.
The difference between horizontal analysis and vertical analysis is that vertical analysis involves listing each item on a company's financial statement as a separate column. For example, in vertical analysis, cost of goods sold (COGS) and gross margin are typically listed as a percentage of sales.
Given sample measurements, determine the most probable value, the. standard error and the standard error of the mean. Given the standard error for certain measurements, equipment, and. procedures, predict the outcome of a survey using these measurements. Explain the difference between slope and horizontal distance. Calculate. horizontal distances from slope distances and vertical angles or differences in. elevation. Explain the effects of systematic errors in distance measurements (i.e., temperature correction, sag correction, etc.) and be able to calculate their value.