Answer:
a. tries to differentiate its product from competitors' products.
Explanation:
A monopolistic competition is when there are many buyers and sellers of heterogeneous goods and services .
An example of a monopolistic competition is a restaurant.
The demand curve for a monopolistic competition is downward sloping which indicates that the demand is elastic.
If in the short run ,a monopolistic competition earns economic profit, in the long run, new firms would enter in the industry wiping out the economic profit. Therefore, in the long run, a monopolistic competition doesn't operate like a monopoly. A monopoly earns economic profit both in the short and long run.
I hope my answer helps you
Answer:
8.10 Percent
Explanation:
= 0.12 * (6% + 1.50%) * 9
= 8.10%
The answer would be 50%.
I hope this helps!
These changes in strategy are indicative of internal forces of change. Internal forces of change in business refer to events, people and systems inside a company that aid or prevent it from fulfilling short term as well as long term goals.
