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tatiyna
3 years ago
12

Some one can answer pls?

Business
1 answer:
olga_2 [115]3 years ago
8 0
The prospect of greater market share and setting themselves apart from the competition is an incentive for firms to innovate and make better products. But no firm possesses a dominant market share in perfect competition. Profit margins are also fixed by demand and supply.

A perfectly competitive firm is a price taker, which means that it must accept the equilibrium price at which it sells goods. If a perfectly competitive firm attempts to charge even a tiny amount more than the market price, it will be unable to make any sales.
Perfect competition occurs when there are many sellers, there is easy entry and exiting of firms, products are identical from one seller to another, and sellers are price takers.
The market structure is the conditions in an industry, such as number of sellers, how easy or difficult it is for a new firm to enter, and the type of products that are sold.

Hope this helps:)
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Answer:

listen to the entire complaint

Explanation:

In the scenario being described, you should listen to the entire complaint. This will make the customer feel as though you are paying attention and listening/understanding her frustration and by doing so you might also acquire new information regarding the issue that was not previously shared to the other technician. Once the client has finished venting her anger and explaining the situation, only then should you begin to offer a solution.

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The Pampered Pet Shop operates in a perfectly competitive industry and hires you as an economic consultant. The firm is currentl
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c. cease production immediately, because it is incurring a loss.

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When a business engages in production it looks to make profit. That is for the production price to be higher than cost incurred in producing the good.

However when the price is lower than the average variable cost as is indicated in the scenario then the firm needs to shut down production in the short term.

Factors that will adversely affect a firm in the short term are price, average total cost, and average variable cost.

Once price is less than average total cost or average variable cost it is better to stop production.

As they are incurring an economic loss

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3 years ago
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Henry Garrison starts the month with a balance on his credit card of $1,130. The average daily balance for the month, including
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Interest expense $ 11.15

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3 years ago
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$54,020

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Total fixed costs = $54,020

Thus, the total fixed costs for the firm is $54,020

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3 years ago
Job 593 was recently completed. The following data have been recorded on its job cost sheet:
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a.$6,705

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3 years ago
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