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Greeley [361]
3 years ago
8

What market structure predominantly uses product differentiation to attract consumers?

Business
2 answers:
son4ous [18]3 years ago
6 0
 monopolistic competition, if you are asking a question from plato
My name is Ann [436]3 years ago
6 0

Answer: Monopolistic Competition.

Explanation:  The market structure that predominantly uses product differentiation is Monopolistic Competition, which consists of companies that market products with similar characteristics but that the consumer as such perceives as if said product were unique and different. That is where the differentiation of products is accommodated by the characteristics that it presents that makes it different from competing products.

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Economist Brown believes that changes in aggregate demand affect only the price level, and economist Black believes that changes
n200080 [17]

Answer:

Economist Brown : Perfectly Inelastic (Vertical) Aggregate Supply

Economist Black : Perfectly Elastic (Horizontal) Aggregate Supply

Explanation:

Economy is at equilibrium where : Aggregate Demand = Aggregate Supply.

Aggregate Demand is downward sloping curve, as aggregate demand is inversely related with price. Increase in AD shifts the AD curve rightwards.

Aggregate Supply is usually upward sloping curve, as it is directly related to price. However, as per given special cases by Economists Black & Brown, it is as undermentioned :

  • Black : AD increase (rightwards shift) increases only price if - Aggregate Supply is perfectly inelastic i.e non respondent to price & AS curve is vertical.

Real GDP is the total value of goods & services produced by an economy, valued at constant base prices. Increase in real GDP implies increase in production quantity.

  • Brown : AD increase (rightwards shift) increases only Real GDP (quantity) if - Aggregate Supply is perfectly elastic (infinitely respondent to price, so prices constant) & AS curve is horizontal.
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3 years ago
Assume that you are a freshman and live in your school's dormitory. The agreement you've signed with the school states that you
andriy [413]

Your agreement with the school best approximates a tenancy for years.

<h3><u>What is tenancy?</u></h3>
  • A legal arrangement known as tenancy in common (TIC) allows two or more persons to jointly hold a piece of real estate or a plot of land.
  • The amount of total property, whether commercial or residential, under the ownership of each independent owner may be equal or different.
  • Tenants in common refers to the parties. One of the three types of joint ownership is tenancy in common.
  • Joint tenancy and entire tenancy are the other two categories. When a tenant in common passes away, their portion of the property falls to their estate, where a beneficiary of the share of property may be named. A TIC has no right of survivorship.

The dormitory agreement has a starting and ending point making it a tenancy for years.

Know more about tenancy with the help of the given link:

brainly.com/question/14399900

#SPJ4

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