It’s either c or d they make the most science honestly I’d say d tho
The producer must provide notice regarding the replacement of life insurance.
A life insurance policy is a contract between a policyholder and an insurance company or insurance company, in which the insurance company promises to pay an amount to a specified beneficiary upon the death of the insured. Depending on the contract, other events B. Terminal or critical illness trigger payment
Life insurance is a contract between a policyholder and an insurance company, and can be defined as a promise by the insurer to pay a certain amount of money in exchange for a premium upon the death of the insured or after a certain period of time. .
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Answer:
a. downward sloping
b. decrease
c. decrease
Explanation:
Monopolistic competition is a type of imperfect competition:
Companies do not have the monopoly market power but they do have some market power.
Behavior
:
As in the other models already analyzed, these companies seek to maximize their profit, which will lead them to set their level of activity at the cut-off point of the marginal revenue and marginal cost curve.
Once this level of activity has been determined, the price will be determined by the demand curve.
Therefore, in a monopolistic competition market, the company produces in the descending section of its average total cost curve, while in competitive markets it produces at the minimum point of its average total cost curve.
Monopolistically competitive companies produce below the efficient scale. This lower activity means that, unlike the perfectly competitive market, the total profit is not maximized.