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3241004551 [841]
2 years ago
7

Compare the elasticity of a monopolistic competitor’s demand with that of a pure competitor and a pure monopolist.

Business
1 answer:
abruzzese [7]2 years ago
8 0

A pure monopolist's demand is less elastic than a monopolist's competitors which is less elastic than a pure competitor.

In monopolistic competition, there is a great deal of nonprice competition, inclusive of advertising, trademarks, and emblem names. In natural competition, there is no nonprice opposition. In a pure monopoly, there is the simplest company. Its product is unique and there aren't any close substitutes.

As there are substitutes, the demand curve facing a monopolistically competitive firm is more elastic than that of a monopoly where there aren't any close substitutes. If a monopolist increases its fee, some purchasers will select no longer purchase its product—however, they will then need to shop for a completely extraordinary product.

The firm's demand curve is fantastically elastic, however no longer perfectly elastic. It's miles greater elastic than the monopoly's demand curve because the vendor has many opponents producing near substitutes; it's far less elastic than the natural competition because the seller's product is differentiated from its rivals.

Learn more about the monopolistic competition here brainly.com/question/25717627

#SPJ4

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First job interview tips / advice - 20 pts
algol [13]

A job interview isn't simply a test of your knowledge; it's also a test of your ability to use it appropriately. Understanding the major areas on which you should concentrate when preparing for your first job interview is essential. I'll guide you through some of the most crucial elements to consider while preparing for your first interview.

<h3><em>So, let’s begin….</em></h3>

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2. Prepare your introduction well:

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3. Always keep a backstory for some answers:

  • Some questions, such as strengths and shortcomings, need a history to support your response. In most cases, a history to support your response helps both you and the interviewer understand how you are overcoming that limitation. The same may be said about strengths.

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6. Make sure you're ready for the technical round:

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Simply keep these things in mind and plan beforehand. Give it your all and don't give up until you succeed.

I hope this helped

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Answer:

$10,500 units

Explanation:

Calculation of equivalent units of production for conversion cost

First step is to find the Units started and completed during the period using this formula

Units started and completed during the period = Units transferred to the next processing department- Beginning inventory in the mixing department units

Let plug in the formula

Units started and completed during the period = = 12,000 - 6,000

Units started and completed during the period = = 6,000

Second step is to find the Equivalent units of production

Equivalent units of production=6,000 * 25% + 6,000*100% + 5,000*60%

Equivalent units of production=1,500+6,000+3,000

Equivalent units of production=10,500 units

Therefore the equivalent units of production for conversion cost will be $10,500 units

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