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Oliga [24]
1 year ago
10

A perfectly competitive firm faces a __________ demand curve. Group of answer choices upward sloping downward-sloping perfectly

elastic perfectly inelastic
Business
1 answer:
qwelly [4]1 year ago
5 0

A perfectly competitive firm faces a downward-sloping demand curve.

<h3>What is demand curve?</h3>

It is a visual illustration of the connection between product pricing and demand-side quantity. The graph is built with amount demanded on the horizontal axis and price on the vertical axis.

Demand curve has two types-

  • individual demand curve: The quantity that a specific household wants at different prices is represented by a demand curve for that particular household. The graphic representation of the individual demand schedule is another way to describe it. It can be created by analyzing consumer behavior in response to price changes.
  • market demand curve: The total of each individual demand curve for a certain good on the market constitutes the market demand curve. It displays the quantity of the commodity that is demanded at various pricing points. The market demand curve has a negative, or downward, slope because quantity requested declines as price rises.
<h3>What is downward-sloping demand curve?</h3>

A demand curve demonstrating how demand declines as price rises.

The price elasticity of demand is always negative for a downward-sloping demand curve since the price and quantity requested move in the opposite directions.

To know more about the demand curve, here

brainly.com/question/1139186

#SPJ4

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On December 31, 2020, BEL Company had 300,000 shares of common stock issued and outstanding. BEL issued a 5% stock dividend on J
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297,500 shares

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Basic Earning per share is calculated dividing Earning for the year excluding preferred dividend by weighted average number of shares.

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6 0
3 years ago
Although mcdonald's (opening case) is competing in an unattractive industry, it has improved its performance by focusing on prod
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The resource based model.

The resource based approach says organizations should look inside their company for sources of improvement and competitive advantage rather than looking outside to their environment (such as their industry).

4 0
3 years ago
Jai Li just lost her job, and she has not yet started looking for a new one. The Bureau of Labor Statistics counts Jai Li as Gro
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neither in the labor force nor unemployed

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Since in the question it is mentioned that the  Jai Li  lost her job and neither she has not yet started looking for a new job

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2 years ago
The CEO of Ridgeway, Inc., realizes that the company’s survival depends on developing and acquiringknowledge. Which of the follo
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The correct answer is B

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As the CEO, realizes and states that the firm or the business survival grounded on the acquiring as well as the developing the knowledge. So, in order to follow what the CEO said, one must go through the proper training as well as the programs of the recruiting.

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