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sergejj [24]
3 years ago
14

In the long run, a representative firm in a monopolistically competitive industry will end up multiple choice having an elastici

ty of demand that will be less than it was in the short run. having a larger number of competitors than it will in the short run. earning a normal profit, but not an economic profit. producing a level of output at which marginal cost and price are equal.
Business
1 answer:
Evgen [1.6K]3 years ago
6 0
In the long run, a representative firm in a monopolistically competitive industry will end up <span>earning a normal profit, but not an economic profit.

Monopolistic competition is imperfect competition where many producers sell products that differentiate from each other in ways like quality and branding. Because they differ in these ways, there are no perfect substitute for another producers product. 

</span>
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3 0
3 years ago
If Antonio's boss is interested in a graphical presentation of the relationship between the price and quantity of televisions de
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Answer and Explanation:

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7 0
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Assume a company buys a machine worth $1 million and pays for it by borrowing the funds from a bank. The firm's assets will rise
FinnZ [79.3K]

Answer:

True

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6 0
3 years ago
What is the term used to describe the linking of key product or service requirements to process capabilities?
Igoryamba

Answer:

Product or service profiling.

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Generally, most organizations and business owners use the product or service profiling strategy to enhance consistency through the identification of their key services or product line and as such are avail the opportunity to select the appropriate process, procedures and techniques to achieve their goals and objectives successfully.

3 0
2 years ago
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