- Shut down, if the minimum possible average variable cost is $5
In the purely competitive market majority of the producers is price taker as there are many sellers of the same homogenous product. When in the situation of Marginal Cost (MC) of product at the current rate of production is equal to the market price. This shows that the firm isn’t in profit, it is selling at which they are producing. So, the Average Variable Cost AVC of product at this level indicates the shutdown of the firm production.
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Answer is the threat of substitute products or services.
Rivalry among the existing competitors was not a significant factor in the BlackBerry's downfall because they were not able to produce any form of alternative to the iPhone, and the users switched from the BlackBerry phones to the iPhones. The danger of replacement products is one of the Porter's five factors, and it indicates that there are alternative items that are likely to steal the company's market share. The downfall of the BlackBerry was caused by the substitute product in the shape of the iPhone.
All of the other allegations are untrue because there were no new entrants and the suppliers threatened because they were unable to upgrade their product.
Therefore, (B) Threat of substitute products or services is the correct answer is the correct answer.
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Optimize Risk Management is known to be as the risk which manage the risk actually through the Strategic Planning over a period of the time.
<h3>What is Opportunity Risk and Unexpected Risk ?</h3>
The Opportunity Risk and the Unexpected Risk are considered as the two important events which should be actually tracked and reported under a facility risk managements programs.
Hence, the Opportunity Risk occurs have always Positive effect on achievement of the various project objectives over a period of the time and Unexpected Risk occurs whenever there is a better Opportunity is becoming available in the Management
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D) Both A & B
<span>a)Credit unions are typically owned and run by their members
</span><span>b)Credit unions limit membership to certain people or groups</span>
An example of inferior goods