Monopolistically competitive firms are unable to produce enough output to reach the average total cost because of the presence of other monopolistically competitive firms in the industry.
- Monopolistic competition arises when several businesses provide rival goods or services that are comparable but imperfect replacements.
- Entry barriers are low in monopolistic competitive industries, and actions made by one business do not immediately impact those of its rivals. Pricing and marketing choices are how the rival firms set themselves apart.
- Businesses engaged in monopolistic rivalry distinguish their goods through price and marketing tactics.
- The expenses or other impediments that prohibit new rivals from joining a market are minimal in monopolistic competition.
- Between perfect and monopolistic competition, known as monopolistic competition, there is monopolistic competition, which incorporates aspects of both and entails businesses with comparable but distinct product offers.
Learn more about Monopolistic competition, here
brainly.com/question/28189773
#SPJ4
Answer:
The answer is option A. Designing a new backpack at an outdoor sports equipment company is an example of Product-level activity.
Explanation:
A product-level activity is carried out in support of a specific product or activity.
These actions are taken irrespective of the amount of production or service volume associated with a product.
Product level activities relate to specific products and must be carried out regardless of how many batches or units of product are produced or sold.
For example, designing a new backpack at an outdoor sports equipment company is product specific and could involve the production of units or batches to be sold.
Answer:
Toyosan's air bag was defective because it did not meet the expectations of a reasonable consumer.
Explanation:
Since the airbag was not as effective as it was expected by the customers, a suit against the car manufacturers from product liability may see the court conclude that the air bag was defective since it did not meet the expectations of a reasonable consumer which would have been protecting her head from hitting the steering wheel which still occured even tho the air bag was deployed.
Answer:
$90
Explanation:
Nominal GDP is GDP calculated using current year prices.
Nominal GDP = current year prices x unit of output
18 x $5 = $90
Gross domestic product is the total sum of final goods and services produced in an economy within a given period which is usually a year
