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Fofino [41]
3 years ago
13

If an industry is perfectly competitive or monopolistically competitive, then the government has relatively little reason for co

ncern about the extent of competition new ways of pleasing customers taking advantage of economies of scale regulatory recapture
Business
1 answer:
aivan3 [116]3 years ago
8 0
If an industry is perfectly competitive or monopolistically competitive, then the government has relatively little reason for concern about <span>the extent of competition. In a monopolistically </span>competitive market, products are differentiated by brand and quality but are not perfect substitutes due to this. Perfect competition is basically a theoretical market because the criteria to qualify has a perfect competitive market is hard to meet. The firms all set the price of their product and the market does not have any influence over it. 
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Why are import and export two terms that are often involved in conversations about international trade or channel management? Ev
Cloud [144]

Answer:International trade deals within countries, while channel management is a form of trade that could be within the country or outside but seeking the best form or place for the market

Explanation:

International trade is the situation where two countries do business, either long distance buying(importing) or one is selling(exporting).

While Channel management is a technique for choosing the most efficient channels to sale or market your goods and making good profit or deriving the best result from those channel chosen.

Knowing the difference between the two terms is important so you can understand where best your market is appreciated and where best to avoid selling to.

International trade deals within countries, while channel management is a form of trade that could be within the country or outside but seeking the best form or place for the market

4 0
2 years ago
Adam is an economist who believes that in the long run, all prices are flexible and that any increase in the money supply will l
ikadub [295]

Answer:

The correct answer is C. classical economist.

Explanation:

Classical economics reoriented economic thinking away from the approach that was based on the preferences of rulers or social classes. The classics emphasized the benefits of free trade and developed an organized analysis of the value of goods and services as a reflection of their cost of production.

Classical economists opposed government intervention in the market through price controls, fees, regulations or any other mechanism that altered its normal functioning.

5 0
3 years ago
Dana has standard consumer preferences over two goods: hours spent watching football (W) and hours spent playing football (P). H
Aleks [24]

Answer:

The correct option is Dana might be indifferent between C, A, and B.

Explanation:

Note: See the attached photo for the indifference curve showing points A, B and C.

The answer can be explained using an indifference curve.

An indifference curve is a graph that depicts the combination of two commodities that provide equal satisfaction or utility to the consumer. A consumer is indifferent between the two commodities at each point on an indifference curve because all points on the curve provide him with the same level of satisfaction or utility.

In the attached photo, bundles A, B and C are plotted as points on the same indifference curve (IC). Since points A, B and C are on the same IC, it therefore implies that Dana might be indifferent between C, A, and B.

Therefore, the correct option is Dana might be indifferent between C, A, and B.

4 0
3 years ago
Loree manages the service desk and makes routine decisions related to customer refunds and merchandise returns. Loree also overs
Eva8 [605]

Answer:

First-line manager.

Explanation:

A first-line manager is a person within a company who is directly above all other personnel who are not managers. They have various obligations, such as the aforementioned routine decisions, service desk, feedback, work satisfaction, etc. When it comes to some more serious decisions, this type of a manager is not allowed to make them but rather only advise higher ups.

8 0
3 years ago
When all companies and their managers in a society behave in a socially responsible way, business increases, quality of life inc
Mkey [24]

Available Options Are:

A. A climate of caring will pervade.

B. Lawlessness all but ceases to exist.

C. People look after their own interests.

D. Small business starts increase.

E. Inflation decreases.

Answer:

Option A. A climate of caring will pervade.

Explanation:

When the people in a society start acting socially responsible which means that they value every single life on earth because acting socially means sustainability which says that the future generation needs must not be compromised in meeting current generation needs. Hence when everyone will be thinking as a socially responsible person then their will be a climate of care and every life matter would be understood by every single person on earth.

7 0
3 years ago
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