Answer:
setting the price of the product well below the price charged by the rival
Explanation:
A monopolistic competition is when there are many firms selling differentiated products in an industry. A monopoly has characteristics of both a monopoly and a perfect competition. the demand curve is downward sloping. it sets the price for its goods and services.
An example of monopolistic competition are restaurants
When firms are earning positive economic profit, in the long run, firms enter into the industry. This drives economic profit to zero
If firms are earning negative economic profit, in the long run, firms leave the industry. This drives economic profit to zero
in the long run, only normal profit is earned
If a monopolistically competitive sets price below competitors, losses would be made. So, there is no incentive to do this
Answer: We'll advise KIL's owner to <u><em>continue production in the short run to minimize losses, but exit the industry in the long run.</em></u>
Explanation: Here in this case the revenue generated is able to cover the total variable cost incurred by the organization, therefore the organization should continue to produce in the short run but exit the market in the long run.
<u><em>Therefore, the correct option in this case is (d)</em></u>
Answer:
$2,640,000
Explanation:
Feb 1 $2,040,000*10/12=1,870,000
June 1 $1,320,000*7/12= 770,000
Dec 31 $3,031,130*0=
Total expenditure to be capitalized $2,640,000
Answer:
aph development continues with an expression of the rationale or the explanation that the writer gives for how the reader should interpret the information presented in the idea statement or topic sentence of the paragraph. The writer explains his/her thinking about the main topic, idea, or focus of the paragrap
Explanation:
Known as a DOP/DP.
Using it for film and television,
