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krek1111 [17]
2 years ago
10

If a firm can raise market price by reducing its output, then:

Business
1 answer:
Dahasolnce [82]2 years ago
6 0

If a firm can raise the market price by reducing its output, then It faces a downward-sloping demand curve.

If a superbly aggressive company increases its rate above the prevailing market fee, it'll lose its entire marketplace proportion, and income will lessen to 0.

Monopolists aren't allocatively efficient, due to the fact they do not produce at the amount wherein P = MC. As a result, monopolists produce less, at a higher average cost, and rate a higher price than could a combination of firms in a superbly competitive enterprise.

The monopolist will choose the income-maximizing degree of output in which MR = MC, and then fee the fee for that quantity of output as decided by using the marketplace call for curve. If that rate is above average fee, the monopolist earns high-quality earnings.

Learn more about the demand curve here: brainly.com/question/9387886

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Paid personal communication that seeks to inform customers and persuade them to purchase products in an exchange situation is Personal selling.

What is personal selling?

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8 0
1 year ago
[30 PTS + BRAINLIEST]
saw5 [17]

Answer:

C

Explanation:

A farmer would want to look at the economic status of the US because his goal is to sell as much wheat as possible and make the most profit. If he pays no attention to the economy and there's a recession but he still sells his wheat at the normal price, people whose stocks are going down and who are losing money will be unable to, and unwilling to, pay the price. Thus, the farmer must inspect the changing economic statuses of the US to determine the best and most effective way to market out his wheat to the public.

Changes in US racial patterns have no impact on the marketing of the farmer's wheat, so A is incorrect.

The number of births per year is also irrelevant, as is the general population growth numbers because these do not affect the way the farmer will market his crops, so B and D are incorrect.

Hope this helps!

3 0
3 years ago
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It can be said that kent and julie have Low Inter-rater Reliability.

<h3>What is Inter-rater Reliability?</h3>
  • Inter-rater reliability is a statistical metric used to assess the degree of consensus among various judges or raters.
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