Answer:
E)are not productively efficient because they do not produce at minimum average total cost and they are not allocatively efficient because they produce where price is greater than marginal cost.
Explanation:
Monopolistic competition can be regarded as imperfect competition whereby many producers that are competing against each other exist in the market, though they are selling products which can be differentiated from one another. Monopolistically competitive firms do
maximize their profit if their production is at a level where marginal costs as well as its marginal revenues equals. Hence, monopolistically competitive firms are not productively efficient because they do not produce at minimum average total cost and they are not allocatively efficient because they produce where price is greater than marginal cost.
Answer:
The correct answer is C
Explanation:
Coverage is open peril on the Jewelers Block Floater but there is no coverage for Broken or smashed show windows unless added as an optional coverage.
The show window optional coverage provides theft coverage for articles in a show window if the window is broken or smashed, and different limits apply when the business is open or closed or alarmed or not.
GOOD LUCK
Answer:elasticity using mid point formular : Q2 - Q1/(Q2+Q1) /2 X 100
P2-P1/ (P2+P1) /2 x100
60- 85 ÷(60+85) ÷ 2 x100 = -20.69
15-10 ÷ (15+10)÷ 2 x 100 = 40
Elasticity = -20.69/ 40
= -0.52
Explanation:
Answer:
Vertical acquisition
Explanation:
According to my research on information technology businesses, I can say that based on the information provided within the question this is an example of a Vertical acquisition. This is the process of buying a firm that is in the same industry in which the acquired firm and the acquiring firm represent different steps in the production process.
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