Answer: True
It can be replaced by traditional systems, however, it is not the most appropriate, because information systems help us organize information about a company so that it can be good for reading, analyzing and making decisions, if it does not comply with these principles then we can say that the company is becoming a bit more inefficient.
Traditional systems work, however, in terms of information systems, we can also have the decrease in information errors, so it is important that they be as automated as possible.
Answer:
The biological parents
Explanation:
The neighbour is just showing kindness
Answer:
eliminated due to firms entering the industry
Explanation:
In the long run , monpolistically competitive firms earn zero economic profit due to entry of firms into the industry.
A monpolistically competitive firm has low barriers to entry and exit of firms. In the short run when monpolistically competitive firms earn economic profit, firms enter into the industry in the long run and economic profit would be wiped out.
Other features of monpolistically competitive firms are:
1. They sell differentiated products
2. They set the prices for their goods and services
3. They have a downward sloping demand curve.
The main determinant of the Elasticity of Supply is the availability of close substitutes.
The Elasticity of Supply means the relationship between a commodity and its price. It measures how the company increases or decreases its production based on its change in price.
The major determinant of the Elasticity of Supply is:
1. Nature of the Goods - It takes into account the factor of production, which can easily get transferred.
2. The definition of the commodity- The narrower the definition the greater the supply of elasticity.
3. Time- It works more in long run than in the short run.
4. Cost of attracting goods- If the related goods are cheaply available, the elasticity of supply is more.
5. Level of Price- It is inversely proportional to the elasticity of supply.
Learn more about Elasticity of Supply here: https://brainly.in/question/6581899?msp_srt_exp=6
#SPJ4
