Profits are negative in a monopolistically competitive market, the new firms will enter the market until economic profits are zero.
<h3>What is competitive market?</h3>
Competitive market is a market that involves many sellers and producer that are competing with one another.
They compete to provide goods and services
Therefore, profits are negative in a monopolistically competitive market new firms will enter the market until economic profits are zero.
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deflation occurs when inflation rate is less than zero percent
Explanation:
They all have a cycle, and have something to do with money. The merchandisers promote the items, people sell them , and purchasers buy them. Simple.
Answer:
"Total quality management
" is the correct answer.
Explanation:
- TQM seems to be a management philosophy focused mostly on the idea that such a company can achieve long-term performance by making all its participants concentrate on enhancing efficiency and thereby providing customer loyalty, including low-level staff to their highest position representatives.
- This can be accomplished by the incorporation of all roles and processes relating to quality throughout the business.
That is known as a cash flow statement.
