Answer:
I. employees switching between companies
IV. interdependent consumer markets
Explanation:
Industry boundaries helps a business determine the areas in which they are competing, it also helps to identify competitors so a business can design a competitive strategy.
The industry boundary is determined as employees switch between companies. The companies talent moves to is more competitive.
Also industry boundary is determined by how interdependent the consumer market is.
An increase in consumer desire for strawberries is most likely to increase the number of strawberry pickers needed by farmers.
Option 1
<u>Explanation:</u>
Supply can be defined as the availability of services and goods at any given point of time in the market place. Demand is the desire or wants of the consumer to purchase services and goods and their ability to pay for the products.
Whenever the demand for the goods or services increases the supply for the same will increase gradually. Here, increase in the desire of the consumer for strawberries will most likely would increase the number of strawberry pickers needed by farmers.
Because whenever the need for the produce increases there should be an increase in the total number of strawberry pickers for a proper business cycle.
Answer:
False
Explanation:
Employee overstating the reimbursable expenses is a fraudulent activity in itself. There's no point in expecting to reducing expenses in the next period for compensating this year's overstating.
Answer: Option (A) is correct.
Explanation:
Correct Option: Normal profits because economic profits will attract new firms and there are no entry restrictions.
In a monopolistically competitive market, firms will earn an economic profit in the short run, so new firms attracted with these profits and decided to enter into the market in the long run.
There is no barriers on entry and exit of the firms in the monopolistically competitive market. When new firms enters into the market, as a result supply of differentiated products increases.
This causes the firm's market demand curve to shift leftwards. It will continue shifting to the left in the firm market demand curve till the point where it is nearly tangent to the average total cost curve.
At this point, firms earns zero normal profit and can earn normal profits in the long run same as a perfectly competitive firm.
No, because Jane will win in a small claims court because it is not done in a federal court which is needed for this situation
