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Mars2501 [29]
4 years ago
11

A profit-maximizing firm in a monopolistically competitive market differs from a firm in a perfectly competitive market because

the firm in the monopolistically competitive market a. chooses its profit-maximizing quantity where marginal revenue equals marginal cost. b. sells its product in a highly-concentrated market. c. faces a downward-sloping demand curve for its product. d. can earn profits in the long run.
Business
1 answer:
irinina [24]4 years ago
7 0

Answer:

c. faces a downward-sloping demand curve for its product

Explanation:

Perfect Competition is a market form, having large no. of sellers, selling homogeneous products at constant prices. So, constant prices imply that their demand curve is horizontal, perfectly elastic.

Monopolistic Competition is a market form, having many sellers, selling slightly differentiated products which are incomplete substitutes of each other. The prices also vary from firm to firm, depending on product quality. So, these firms have usual downward sloping curve, denoting price-demand inverse relationship.

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Understanding the legal ramifications what types of policies should organizations implement when using social media tools for re
Tasya [4]

Answer:

Social media is a vital tool for online recruitment in the large MNCs now-a-days.

Explanation:

In the recent, there is a trend of recruiting the new professionals through various online platforms and other social media tools.

With social media many legal consideration comes into account. The organizations while handling social media tools for recruitment has to look on various important points while posting their advertisement and collecting the data of the candidates online. There are severe legal ramifications on using social media in a wrong way, so organization have to be ethical while using them.

  • Firstly, they should respect the privacy of the social media communities.
  • Professionalism and rules of ethics should be applied.
  • They should respect the copyright laws.
3 0
3 years ago
Andrea won the miss illinois beauty pageant the year she graduated from college. knowing this, the amount of money she will earn
xxMikexx [17]
Andrea won the Miss Illinois beauty pageant the year she graduated from college. Knowing this, the amount of money she will earn over the course of her adult lifetime is most likely to be MORE THAN that of her peers.

Since she has already won a beauty pageant, it is absolutely clear that she will ear more money than her peers. She will be a unique student among her peers. She might be offered modelling or ad films because of her victory.
5 0
3 years ago
Which option is best described as a complementary good for computer hard drives?
Nutka1998 [239]

Answer: Computer monitor

Explanation:

A complementary good is a good that's used together with another good. A good example of a complementary good is a car and petrol since they are used together.

A complementary good for computer hard drives would be the computer monitor. The monitor simply looks like a television and it helps in showing the information which is being displayed.

8 0
3 years ago
Which business model has traditionally been used by magazines
Andrej [43]
According to Quora dot com, US magazines are viewed as historically dependent on advertising revenue hence why subscriptions to magazines are historically very low as advertising is used to subsidise cover price or subscription cost.

With the general collapse of print publications in the US, particularly led by the drying up of physical newsstand presence, magazines have a harder time getting into consumer's hands. This means that advertisers are less likely to spend in a publication (readership decreasing) and then advertising revenues go down, making magazines less and less profitable.

I realize this is quit lengthy so I'd sum it up to saying the business model for magazines has traditionally been the selling of advertising space ... Not sure if this is what you're looking for
7 0
3 years ago
Read 2 more answers
Which economic system has the most government control
Hatshy [7]
The answer you are looking for is a planned economy

4 0
3 years ago
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