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wlad13 [49]
3 years ago
14

How is price and output determined undr monopolistic competition?​

Business
1 answer:
konstantin123 [22]3 years ago
7 0

Monopolistic competition refers to a type of economy where there is only one organization in the market. Therefore, the influence of competitors is non-existent and the consumer has little influence over price or output.

In this case, price and output are determined by the firm's equilibrium price and output, not the market.

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Consumers are required to apply their skill or analytical or creative thinking to try to win a prize in a(n)
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Consumers are required to apply their skill or analytical or creative thinking to try to win a prize in contests.

Analytical or creative thinking:

While creative thinking is occasionally referred to as "lateral" thinking, analytical thinking is also known as logical thinking. Others go further to highlight the idea by comparing it to whether thinking is more left-brain (analytical) or right-brain (creative).

Converging on facts, data, knowledge, judgment, experience, and wisdom in quest of the best answer is known as analytical thinking. Diverging one's thinking to consider a wide range of possibilities is the act of being creative.

It's common for people to identify themselves as either analytical or creative thinkers, and to some extent, this is true because most people tend to lean more toward one or the other. But skills are frequently less natural than people believe.

Learn more about Analytical or creative thinking here:

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2 years ago
Assume the reserve requirement is 10%. First National Bank received a deposit of $5,400. If there no slippage, how much could th
natta225 [31]
<span>Reserves fall by $1,000, checkable deposits fall by $10,000, and the monetary base remains uncharged.</span>
4 0
3 years ago
What do you think a speaker can do to establish themselves as credibile and trustworthy?
jonny [76]

Answer:

Speakers who make direct eye contact with the audience tend to appear as more trustworthy. Delivering speeches fluently by practicing beforehand can enhance a speaker's credibility.

Explanation:

3 0
3 years ago
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When Tom had the satellite dish placed on the roof of his house, the installer dislodged and made no attempt to replace a half d
guapka [62]

Answer: irate

Explanation: In simple words, irate refers to the complainers who share their negative opinion about an organisation within a small group. They usually complain so that others could benefit from their review.

In the given case, Tom is complaining about the lousy service from his friends but not to any third party. Also, he is doing so with the intention of awaring others.

Hence from the above we can conclude that Tom is an irate kind of complainer.

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3 years ago
At friendly financial consulting, wayne thurston is allowed to choose what time he starts his workday, and can come to work any
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The correct answer is flex time.

Wayne is working under a system of flex time. Flex time is a system of working a set number of hours with the starting and finishing times chosen within agreed limits by the employee.

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3 years ago
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