Answer:
b
Explanation:
because it is the best one for that
Answer:
The question is incomplete, I need more elements to answer.
Explanation:
Answer:
The correct answer is letter "B": The price will not increase but firms will increase the quantity supplied to promote the social interest.
Explanation:
Perfectly competitive markets are characterized by having companies offering an undifferentiated product, being price takers because firms posses a small market share which does not allow them to have a major influence in the price, and by free entry and exit of competitors.
Then, <em>if there is a shortage of clean drinking water in a local market that is perfectly competitive, the shortage would not last much since new producers would enter the market to process water so it can be offered purified. As drinking water is a basic good, the number of organizations entering the market is likely to be substantial.</em>
Answer:
c. work-life conflict
Explanation:
The kind of stress she is going through bis the work-life crisis. As a doctor her job is very demanding and as a mother to three kids her role at home is also likely to cause stress.
She is suffering from this because her job as a doctor demands that she attends to different patients daily, Which causes her to be exhausted and as a mom she is having difficulty paying much attention to her children. Thereby making her stressed.
Answer:
The correct answer is: high; little.
Explanation:
In monopolistic competition, a firm produces at the level of output where the marginal revenue is equal to marginal cost. The firm is able to maximize its profit at this point.
However, the socially optimal level of output is where the price is equal to marginal cost. This level of output is greater than the profit-maximizing level of output and charges a lower price.
But since the firm is a price maker, it produces at the point where MR equals MC. At this point, the price is higher and the output produced is smaller. This creates a deadweight loss in the market.
