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.
CRM software is designed to help business meet overall goals of customer relationship management. However this software is sometimes used to manage business contacts, clients, and contract wins and sales leads.
Answer:
protection
Explanation:
to keep food safe and protected from any damage or outside influences.
Answer
Art should refuse because it is unethical as per the accounting ethics to receive bribes or disclose confidential information.
Explanation
Art is an accountant who is the key personnel that access the financial information of individuals and entities. This position involve the power that involves the potential and possibilities for abuse of information, manipulation of numbers and enforced earnings. Art is required to act ethically in auditing and all his accounting activities including provision of accounting information to other staff. One of the important rules that Art should observe in this case is confidentiality where accountants must not disclose any information regarding transactions and clients to individuals that are not authorized.
Answer:
They are not directly related to production.
Explanation:
Operating expenses are the costs incurred in running the affairs of a business on a day-to-day basis. They refer to the expenses associated with the maintenance and administration of a business. Operating expenses are also operational costs and include rent, machinery, payroll services, utilities, uniforms, and office supplies. operating cost also covers overhead expenses as well as the cost of goods sold
