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m_a_m_a [10]
2 years ago
10

What happens to a monopolistically competitive firm that begins to charge an excessive price for its product?.

Business
1 answer:
Nutka1998 [239]2 years ago
4 0
What happens to a monopolistically competitive firm that begins to charge an excessive price for its product? The firm will go out of business.
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A monopolist faces a
Maru [420]

Answer:

C

Explanation:

8 0
3 years ago
How is productivity affected when employees multitask? productivity drops by up to 85 percent. productivity increases by up to 4
Marizza181 [45]

Answer:

d) Productivity drops by up to 40 percent.

Explanation:

Multitasking is ineffective task shifting is said to be more effecteve

4 0
4 years ago
Would you expect a brick-and-mortar retailer or an online retailer to have a higher asset turnover? Why or why not? Which supply
Serggg [28]

Answer:

An online retailer would on a balance of probability have a higher asset turnover than a brick-and-mortar retailer.

Explanation:

 

The reason is not farfetched. If done properly, an online retailer is most likely to succeed at reaching more customers and penetrating more markets.

The total population of active internet users is currently estimated at 4.5 Billion. For truly global products or retail outlets such as Amazon and Alibaba, this figure is staggering. It is impossible to compare a truly successful online retailer to a brick-and-mortar retailer whose market, at its best, covers only those within its locality.

So using online retail store such as Amazon as an example, they might have significant investment in online platforms, dedicated servers and warehouses, their turnover which as at 2019 stood at 4.5x is relatively strong.

The supply chain drivers which impact asset turnover are inventory, accounts receivables and facilities.

Cheers!

5 0
3 years ago
You observe the price of a good rises and the quantity sold decreases. This is the result of
kondor19780726 [428]

Answer:

This is the result of law of demand and elasticity of demand

Explanation:

The law of demand states that, other things remaining equal, the higher the price of a commodity, the lower the quantity demand of that commodity. Also, the observed goods in the question is a normal good because all normal goods obey the law of demand.

In addition, the price elasticity of demand is ELASTIC. This means the good is sensitive to price. A 1% increase in price will lead to a significant decrease in quantity demanded.

Also the income elasticity of demand is negative, meaning an increase income means the quantity demanded will decrease. This usually happens for inferior goods.

All these three points can cause it

6 0
3 years ago
Changes in tariffs and quotas are A) a means of slowing outsourcing. B) corporate strategies designed to maximize profits. C) bu
kicyunya [14]

Answer:

 E) government actions that reduce competition from international firms.

Explanation:

Quotas place a limit on the amount of goods that can be imported.

A tariff is a tax levied on imported goods.

Tariffs and quotas are imposed by the government and they limit the amount of import flowing into a country. This reduces the amount of competition from international firms.

I hope my answer helps you

6 0
4 years ago
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