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Karo-lina-s [1.5K]
1 year ago
9

in the long run, monopolistically competitive firms produce at a level of output that is less than the least cost (minimum atc)

level of output. this is called: g
Business
1 answer:
Alecsey [184]1 year ago
6 0

in the long run, monopolistically competitive firms produce at a level of output that is less than the least cost (minimum atc) level of output. this is called the deadweight loss.

What is monopolistic?
When a large number of businesses provide rival goods or services that are comparable but imperfect substitutes, monopolistic competition exists. A monopolistic competitive industry has low entry requirements, and decisions made by any one firm need not directly affect those of its rivals. The pricing and marketing choices made by the rival companies serve as their points of differentiation. Between a monopoly but also perfect competition, monopolistic competition exists, combines aspects of both, and includes businesses with comparable but distinct product offerings. Sectors with monopolistic competition include those in restaurants, hair salons, household goods, and clothing. Numerous rival businesses compete to sell, market, and price goods like dish soap and hamburgers.

To learn more about monopolistic
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You are trying to concentrate during an examination but you get distracted by the sound of another student tapping her pencil on
VLD [36.1K]

Answer:1) Selective attention/comprehension.

Explanation: Information processing model is a model developed by cognitive psychologist to describe how humans manage Information,this model sees the human mind as a computer,it states that the human mind receives Information,stores and analyse it on a later time.

Selective attention is a concept in Psychology which describes the various steps or processes put in place to avoid unimportant, unnecessary and unwanted Information or Communication and focus fully on a selected Information or Communication.

8 0
3 years ago
What is the role of Scientific management in the modern era?​
rjkz [21]

The Scientific management in the modern era is management that analyzes and synthesizes workflows.

The role of  Scientific management in the modern era is improving economic efficiency, especially in the labor productivity. It is a systematic approach to handle management problems. It implies scientific techniques in method of work, recruitment, selection and training of workers.

Scientific management in the modern era is helped in the enhanced production. The employees perform repetitive tasks and are therefore easily controlled by the management.

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6 0
1 year ago
How long should an electronic cover letter be?
Delicious77 [7]
<span>Approximately 150 words.</span>
3 0
3 years ago
Read 2 more answers
Millennials who patronize restaurants and other out-of-home food purveyors have become increasingly health- and nutrition-consci
Hoochie [10]

Answer: target

Explanation:

A target market are the group of customers which a business or a company directs the resources and its marketing efforts towards.

From the question above, since Millennials who patronize restaurants and other out-of-home food purveyors have become increasingly health- and nutrition-conscious, the strategy used by many fast food companies to improve the nutritional profile of their menus by adding items such as salads, fresh fruit, and plant-based meat substitutes is intended primarily to target millennial customers.

The fast food companies are aware that by adding items such as salads, fresh fruit, and plant-based meat substitutes, this may convince Millennial customers to try them out.

Therefore, the answer is option d"targets".

6 0
3 years ago
Service products cannot generally be produced in ________or __________. Services are typically _________________________________
steposvetlana [31]

Answer:

Service products cannot generally be produced in advance or stored.

Services are typically variable, and in almost every service offering, the service cannot start until the customer arrives and actively participates.

Explanation:

Services have distinguishing characteristics that differentiate them  from goods.

To start with, services cannot be produced in advance as production and consumption happen at the same time.

Also,the customer must be present and actively contributes to the delivery of the service, for instance, haircut cannot happen except the customer comes to the salon and obeys the instructions of the barber as they go along.

Besides,there is no physical substance in service unlike purchase of goods.

4 0
3 years ago
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