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MaRussiya [10]
2 years ago
13

If in the short run, firms in monopolistic competition _________, new firms will enter the market.

Business
1 answer:
alukav5142 [94]2 years ago
7 0

If in the short run, firms in monopolistic competition make an economic profit, new firms will enter the market.

A firm is a for-profit business organization—such as a company, limited liability company (LLC), or partnership—that provides skilled services. Most companies have only 1 location.

Companies during a monopolistic competition build economic profits within the short run, however within the long-standing time, they create zero economic profit. The latter is additionally a result of the liberty of entry and exit within the trade. Restaurants, hair salons, home items, and clothing are examples of industries with monopolistic competition.

To learn more about Firm here

brainly.com/question/15968468

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8 0
3 years ago
A manager needs to have summary sales information by product line available to her on a timely basis when purchasing decisions n
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Answer:

Management information

Explanation:

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Studing of management information systems encompass the people as well as the processes and technology as regards an organizational context.

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3 years ago
A new strip mall is being considered and the developers want to determine how many parking spaces there should be. It is assumed
Dafna11 [192]

Answer:

The responses to the given question can be defined as follows:

Explanation:

For point a:

Car arrival time= \frac{15}{hour}

Each car arrives at an interval of time of \frac{60}{15} = 4\ minutes

process time =0.5 \ hour

The number of vehicles moving in an hour equals 2 per hour.

As \frac{15}{2} is greater than 1. The device will not work, resulting in such a revenue loss.

Within 44 minutes, a parking lot would be completely full, with only 1 person being serviced, and then the next empty slot would be completed 64 minutes later.

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For point b:

The number of customers would be = 8.5 \times 12 = 102 for a 12-hour time frame.

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The total number of customers to be served at an expense of 2500= \frac{2500}{150} = 18 customers.

5 0
3 years ago
Sidwan, owner of Jacuzzi Warehouse, said, "We have to focus on our customers and how we can beat the competition, so we have to
hjlf

Answer:

The remaining part of the question is:

A) clan culture.

B) goal-driven agenda.

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D) market culture.

E) focused approach.

Correct Answer:

D) <u>market culture. </u>

<u></u>

Explanation:

His suggestion of his research and development team to develop innovative products for the emerging changes in markets for his customers shows that, Jacuzzi Warehouse has a market culture.

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3 years ago
Lauren had a listing agreement with Florence, a Minnesota real estate broker. After Lauren's agreement with Florence ended, she
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Answer:

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