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GalinKa [24]
3 years ago
8

When new firms enter a monopolistically competitive​ market, the economic profits of existing firms A. will decrease because the

ir demand curves will shift to the left. B. will decrease because their demand curves will become more inelastic. C. will decrease because their demand curves will shift to the right. D. will remain unchanged because they sell differentiated products. E. will increase because their average cost of production will decrease.
Business
1 answer:
Anit [1.1K]3 years ago
8 0

Answer:

The correct answer is option A.

Explanation:

Monopolistic competition is a market structure where there is a large number of producers selling differentiated products. These firms are price makers. There is very low or no restriction on the entry and exit of new firms.  

Positive economic profits earned by the existing firms will attract potential firms to enter the market. When new firms enter, it increases the supply in the market.  

This causes the price and market share of existing firms to decline. As the individual demand curves of the existing firms shift to the left, their profits will increase as well.

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Suggest any 5 methods by which the condition of technical education can be improved ​
MrMuchimi

Answer:

Acknowledge and address overcrowding.

Make funding schools a priority.

Address the school-to-prison pipeline.

Raise standards for teachers.

Put classroom-running and curriculum-building decisions in the hands of the community.

Explanation:

Technology can be utilized to improve teaching and learning and help our students be successful. ... Through the use of learning management systems (LMS) students can access online resources to get assistance on demand beyond the physical reach of their teacher. Technology can also extend education in another way.

assisted projects aimed at improving technical and vocational education. Introduction ... priorities as defined by aid recipients (see, for example, Gray &.

Technical education is a term applied to schools, institutions, and educational programs that specialize in the skilled trades, applied sciences, modern technologies.

5 0
2 years ago
Attorneys who work for a company and are part of the executive or mid-level management team are specifically referred to as ____
Ann [662]

Answer:

In house counsel

Explanation:

In house counsel handle of legal matters of the firm, policy, tax and regulatory matters or may occupy managerial positions

7 0
3 years ago
The primary difference between a change in supply and a change in the quantity supplied is: Select an answer and submit. For key
kipiarov [429]

Answer:

D

Explanation:

A change in quantity supplied is as a result of a change in the price of the good. This change in the price leads to a movement along the supply curve. If price increases, there is an upward movement up along the supply curve and if there is a decrease in price, there is a movement down the demand curve.

A change in supply is caused by other factors other than price. Some of these factors include :

  • A change in the number of suppliers
  • The cost in the price of raw materials needed in the production of the good.

A change in supply leads to a movement outward or inward

3 0
2 years ago
In the case discussed, the Supreme Court held that the trademark for Coca-Cola was valid and banned another company from using a
lakkis [162]

Answer:

The Supreme Court ruled that the name Coke was so well known around the world, that it is effectively a common term for the trademarked Coca Cola. If other companies try to use similar terms like Koke for other types of products, e.g. bakery items, there is a risk that the Coca Cola company would be negatively affected by that product's image since consumers might associate Koke directly to Coca Cola.

It doesn't matter if the products were low quality or not, the courts cannot determine that, what matters is that the use of the term may negatively impact another company.

7 0
3 years ago
Zachary, a manager at ExecuComp, receives quarterly reports, which track his department's production statistics. However, these
makkiz [27]

Answer: measuring actual performance

Explanation: Measuring is the first step in the control cycle. Many employment and tasks can be expressed in concrete and observable terms.

Managers often use a number of information sources to assess actual performance, such as personal observations, statistical reports, oral reports, and written reports.

In the given case, Zachary is using a report that lacks relevance relative to the measurement criteria. Hence from the above we can conclude that the correct option is A.

6 0
3 years ago
Read 2 more answers
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