Answer: Firm sets the price in a monopolistic competition.
Step-by-step explanation:
Monopolistic competition is the market structure in which there are large number of buyers and sellers and it produce differentiated products and there is free entry and exit of firms.
Since they sell differentiated products so, every firm has to set the price of their own products.
Hence, Firm sets the price in a monopolistic competition.
<span> 55.983 = 55.98 (nearest hundredth)</span>
Answer:
11.8
Step-by-step explanation:
The number of ways there are to get to the point (7,4) if you have to pass through the point (2,2) is; 1266 ways
<h3>How to find the lattice Paths?</h3>
The formula to get the number of ways to get to the lattice point (x, y) (supposing x, y ≥ 0) by taking steps of one unit each either in the eastward or northward direction is exactly;
(x + y)
= (x + y)!/(x!y!)
( x )
Thus, number of ways from (0, 0) to (2, 2) = (2 + 2)!/(2!2!) = 6 ways
Number of ways to get to point (7,4) from (2, 2) is;
((7 - 2) + (4 - 2))!/(2!2!) = 7!/(2!2!) = 1260
Thus, total number of ways = 1266 ways
Read more about Lattice paths at; brainly.com/question/2109763
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