<span>A monopolistically competitive market could be considered inefficient because price exceeds marginal cost. A monopolistic competitive market is defined as imperfect </span>competition because there are many producers that sell products that differentiate from each other. Because these products differentiate between how they branded and their quality they are not able to be perfect substitutes for one another.
Answer:
D. True , correct and complete
Explanation:
Information is a processed data made available through which decisions are made. The quality of the Information then talks about how true this information is , the authenticity of an information is one quality that helps to make good decision.
Also, information must be correctly disseminated, the means of disseminating the information should be in such a way that the information pass in understandable by even the lay man and lastly it must be complete i.e it must be a full of all the necessary details needed for action taking.
D. upward.
A supervisor in Department 156 is moving into the Department 251 as a manager. This is an example of <u>UPWARD</u> movement.
In an organization/company, there is what we call horizontal and vertical career growth movement, vertical career growth basically means focusing on getting a promotion within the company, which means an upward movement, that is you have been promoted from one level to a higher level, horizontal career growth, on the other hand, means expanding and increasing your knowledge or skills within the company.
The marginal revenue of the 11th unit would be $10. Option A is correct.
<h3>What is the marginal revenue?</h3>
The increase in income that occurs from the sale of one more unit of production is referred to as marginal revenue. While marginal income can remain constant over a given amount of output, the law of diminishing returns dictates that it will ultimately slow down as output level grows.
<u>Formula</u>:
.........................................(1)
Where,
n = Output Produced.
MR = Marginal Revenue
TR = Total Revenue
Computation of marginal revenue of the 11th units:
It is assumed that the company can sell 10 units for $21 each. As a result, the total income from the sale of ten units is $210. However, if the price is reduced to $20, it may sell 11 units. As a result, the total income generated from the sale of 11 units is $220.
By applying the values in formula (1),
$220 – $210 = $10.
Therefore, option A is correct.
Learn more about the marginal revenue, refer to:
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