1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
ICE Princess25 [194]
2 years ago
11

a a perfectly competitive industry faces a horizontal straight line demand curve whereas a monopoly faces a downward sloping dem

and curve.
Business
1 answer:
Leya [2.2K]2 years ago
5 0

It is true that a perfectly competitive industry faces a horizontal straight line demand curve whereas a monopoly faces a downward sloping demand curve.

<h3>What is competitive market?</h3>

A perfect competitive market has a straight line graph on the demand of goods and services this means that the goods are sold at the market price. Monopoly market price are not regulated hence the curve is not straight.

Therefore, It is true that a perfectly competitive industry faces a horizontal straight line demand curve whereas a monopoly faces a downward sloping demand curve.

Learn more on competitive market below

brainly.com/question/25717627

#SPJ11

You might be interested in
C.B. Management, Inc., had a franchise agreement with McDonald’s Corp., to operate McDonald’s restaurants in Cleveland, Ohio. Th
statuscvo [17]

Answer:

Who is the franchisor?  McDonald's

Who is the franchisee?  C.B. Management Inc.

In a franchise relationship, the <u>franchisee</u> is economically dependent on the <u>franchisor's</u> business system.

The franchise relationship is defined by the <u>contract</u>.

Did C.B. Management, Inc.’s failure to make a payment due more than thirty days earlier constitute a breach of the franchise contract?  YES

Why?  A) the contract provided McDonald's could terminate the contract when a payment was more than 30 days late.

Did the contract provide that the acceptance of a late payment waived McDonald's right to terminate for late payments? NO

What does an implied covenant of good faith and fair dealing require? That the parties act <u>reasonably</u>.

Did McDonald's act of accepting late payments in the past transform McDonald's right to terminate into a discretionary decision governed by the standard of good faith and fair dealing in the future? NO

Why? Which one of these reasons is not correct? B) the actions of the parties control this issue.

A court would likely find for <u>McDonald’s</u>

8 0
3 years ago
How are chain restaurants started
Rom4ik [11]
Usually they start out small as family-owned restaurants and gradually increase until chains are created
8 0
3 years ago
Read 2 more answers
The Procter &amp; Gamble Company is a major producer of bar soaps. In fact, Procter &amp; Gamble produces Ivory,Camay, Lava, Saf
Jet001 [13]

Answer: (D) Product line

Explanation:

 The product line is basically refers to the group of the product in which the similar company or organization selling their products and brands.

In the product line concept, the companies are basically expanding their business by selling their existing products according to the customer requirement and the usability. It is also known as marketing and the product strategy for increase their productivity.

Therefore, Option (D) is correct.    

5 0
3 years ago
Margot is giving a persuasive speech in her health class. Her topic is obesity in kids. Her first main point is, "Childhood obes
VladimirAG [237]

Answer: Problem-Solution

Explanation: Problem solution pattern is process of moving from a start state (problem) to a goal state (solution).

Margot starts from talking about child obesity and how this can be resolved.

5 0
3 years ago
Adam Smith found that having employees focus on one task instead of many was more successful than having them learn a number of
Lunna [17]

Answer:

specialization

Explanation:

In order for labor specialization (or division of labor) to be successful, first the productive activities must be separated into smaller tasks, and then each worker will be responsible for performing just one task. That way the worker can specialize in performing that one task, and his/her efficiency should increase.

Labor specialization was the basic idea behind Henry Ford's moving assembly line. Each specialized worker was responsible for one manufacturing task and that decreased total production time and cost. The same concept applies today and the results are still the same.

8 0
3 years ago
Other questions:
  • Zippy had cash inflows from operations $60,500; cash outflows from investing activities of $47,000; and cash inflows from financ
    8·1 answer
  • During the​ ________ step of the selling​ process, the salesperson tells the value story to the​ buyer, showing how the​ company
    14·1 answer
  • . Dallas Wildcat Drilling Co. sells an oil-drilling rig for $3,000,000. The drilling rig was purchased in 2013 for $2,000,000. D
    11·1 answer
  • A manufacturer believes that the cost function
    6·1 answer
  • In a(n) ________, two or more firms work together to create a new business entity that is legally separate and distinct from eit
    11·1 answer
  • In order for "limit pricing" to be effective, the firm practicing such a strategy must be able to charge a price that is:_______
    6·1 answer
  • To ascertain whether the inaccuracy of the variable cost estimate for a project will have much effect on the final outcome of th
    13·1 answer
  • What is human resources in south Africa​
    14·1 answer
  • What is credit? in your own words. economics.​
    13·1 answer
  • Chipman Sofware recently reported the following amounts in its unadjusted trial balance at its year-end:
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!