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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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What happens when a firm makes a decision to grow from within?
Anna11 [10]

Answer:

most grow by expanding their present operations. some introduce and sell new but related products. others expand the sale of present precepts to new geographic markets or to new groups of consumers in geographic markets already served.

Explanation:

4 0
3 years ago
Doug, as a new project manager, has been described by his subordinates as not being a servant leader. Which of the following ite
const2013 [10]

Answer:

C) Doug tells his employees that he needs to know everything that is going on in the department, especially if someone is NOT buying into the project goals.

Explanation:

A servant leader is a leader that believes his/her main goal is to serve the organization. Servant leaders usually value employees' contributions and generally looks for them.

If Doug wants to know who is not buying into the project goals, he is not valuing employees' contributions, he is trying to impose his own views and ideas.  

4 0
4 years ago
Jane: "I'll pay you $50 if you will clean my windows."
Vikentia [17]

Answer:

B. There is no contract

Explanation: A contract is an agreement between two or more people to enter into a relationship which can be a business relationship or other types of Relationship.

FOR A CONTRACT TO BE BINDING IT MUST MEET CERTAIN CRITERIA WHICH INCLUDES

(1) CONSENT OF THE PARTIES INVOLVED.

(2) THE PARTIES INVOLVED MUST BE OF SOUND MIND ESPECIALLY AS AT THE TIME THE CONTRACT IS BEING SIGNED

(3) THE CONTRACT MUST BE LEGAL ETC.

Between Jane and Al there is no contract as Al does not agree with the proposal of Jane.

4 0
3 years ago
_____ ratios reflect the speed with which resources are converted to cash or sales.
Mekhanik [1.2K]

Activity ratios reflect the speed with which resources are converted to cash or sales.

Option E is correct answer .

Activity ratios :

Activity ratios measure how well a firm uses its assets. They reflect the speed with which resources are converted to cash or sales. A frequently used activity ratio is inventory turnover. The inventory turnover ratio measures the speed with which inventory moves through the firm and is became sales.

What is a high activity ratio?

A high ratio indicates that a corporation is using its total assets very efficiently or that it does not own many assets, to start with. a coffee ratio indicates that too much capital is tied up in assets and that assets are not being used efficiently in generating revenue.

Learn more about activity ratio :

brainly.com/question/25894261

#SPJ4

6 0
2 years ago
A belief that something will be the case or will happen is known as:
Airida [17]
A. Expectation because expectation means
a strong belief that something will happen or be the case in the future.
7 0
3 years ago
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