Demand and marginal revenue curves are downward-sloping for monopolistically competition firms because: a. product differentiation allows each firm some degree of monopoly power.
<h3>What is product differentiation?</h3>
Product differentiation can be defined as what makes a product to different from another product which is why some producer tend to include a unique features in their so as to make their product distinct from that of others.
A monopolistic competitive firms can tend to face a downward - sloping demand curve based on the fact that it help to differentiate their product from that of others competitors.
Therefore the correct option is A.
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The complete question is:
Demand and marginal revenue curves are downward-sloping for monopolistically competition firms because...
a)product differentiation allows each firm some degree of monopoly power
b)there are a few large firms in the industry and they each act as a monopolist
c)mutual interdependence among all firms in the industry leads to collusion
d)each firm has to take the market price as given
Explanation:
The business market is constantly changing, currently we are dealing with a technological revolution that directly affects the lives of people and companies. The market is increasingly competitive and globalized, so adapting to new processes and innovations with regard to technology, administrative practices and communication are essential when it comes to managing companies.
A good leader must understand that currently companies are increasingly responsible for their micro and macro environment, which configures them as active agents for positive change in the world. Therefore, the ideal is that managers consider adopting current practices that use modern communication and intelligence systems to make work easier and more agile, in addition to promoting continuous improvement in all organizational processes, avoiding waste and negative impacts on the environment, establishing social programs and environmental protection practices, in order to attest its value to stakeholders.
It is also necessary that the company be ethical with its employees, respect the individual values of each with regard to culture, gender, etc., promoting an environment and organizational culture focused on inclusion and respect for differences.
The ideal is also to have an assertive leadership, where the leader is the personal incentive agent, adopting positive attitudes about its collaborators and helping in the personal and professional development, generating an innovative, ethical and positive environment.
Answer:
a.
Dr. Cash 15000
Dr. Law Library (Asset) 6000
Cr. Mary (Capital Account) 21000
b.
Dr. Office equipment 7500
Cr. Account Payable 7500
c.
Dr. Cash 1500
Cr. Income / Revenue 1500
d.
Dr. Account Payable 3500
Cr. Cash 3500
e.
Dr. Account Receivable 4000
Cr. Income / Revenue 4000
f.
Dr. Marry (Capital Account) 2000
Cr. Cash 2000
g.
Dr. Cash 2500
Cr. Account Receivable (e) 2500
h.
Dr. Salary Expense 2500
Cr. Cash 2500
Explanation:
*Trial Balance and T accounts are made in an MS Excel file which is attached please find.
Answer:
False.
Explanation:
Communication through business messages should convey the information in the simplest words so that the other party can easily understand what is being said. It also needs to be brief and to the point.
Using high level diction liberally in business communication leads to unclear messaging. The reader may not know the meaning of the words so the aim of communication will be defeated.
Also high level diction can have different meanings in different circumstances.
High level diction should be used sparingly, and simple diction is preferred.
