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Ainat [17]
4 years ago
8

A monopolistically competitive firm

Business
1 answer:
Elanso [62]4 years ago
4 0

Answer:

a. tries to differentiate its product from competitors' products.

Explanation:

A monopolistic competition is when there are many buyers and sellers of heterogeneous goods and services .

An example of a monopolistic competition is a restaurant.

The demand curve for a monopolistic competition is downward sloping which indicates that the demand is elastic.

If in the short run ,a monopolistic competition earns economic profit, in the long run, new firms would enter in the industry wiping out the economic profit. Therefore, in the long run, a monopolistic competition doesn't operate like a monopoly. A monopoly earns economic profit both in the short and long run.

I hope my answer helps you

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A systems breach occurs at a financial organization. The system in question contains highly valuable data. When performing data
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g Company uses the perpetual inventory method. Vargas purchased 800 units of inventory that cost $9.00 each. At a later date the
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Answer:

$8,200

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I hope my answer helps you

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