1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
ladessa [460]
2 years ago
11

If a firm in a monopolistically competitive market lowers price, then Use letters in alphabetical order to select options

Business
2 answers:
hram777 [196]2 years ago
8 0

Answer:

D. Quantity demanded for the good will increase.

Explanation:

To begin, it is important to understand the concept of monopolistic market. Monopolistic market is a market whereby a firm has the overall effect of providing the major products in a market.

The law of demand is universal. The quantity demanded is always at an inverse relationship with the price of a commodity. The implication is that when a price of a commodity is lowered, there is a corresponding increase in the number of quantity demanded of the commodity, as consumer are willing to buy more for the products.

The experience is even more resounding in this scenario of a monopolistic firm. When price is lowered, consumer take advantage of such and increase the quantity so demanded of the commodity. It must be noted that in a monopolistic market, the firm therein dictates its price, its supply and demand, and also its eventual profits.

Valentin [98]2 years ago
3 0

Answer: quantity demanded for the good will increase (D)

Explanation:

Monopolistic competition is an imperfect competition where there are many producers that sell products that are differentiated from each another e.g through quality or branding.

In a monopolistic competitive market, firms maximizes profits when marginal revenue equals to the marginal cost. The demand curve of a monopolistic competitive market is downward sloping which means that as price reduces, the quantity demanded for the good will increase.

You might be interested in
Partial balance sheets and additional iformation are listed below for Sowell Company.
musickatia [10]

Answer and Explanation:

The preparation of the operating activities section is presented below

Cash Flows from operating activities

Net Income $88,000

Adjustment made for non cash items:                  

Depreciation Expense $19,000

Add: Decrease in Account Receivable $15000 ($70,000 - $85,000)

Less: Increase in Inventory   $(5000) ($40,000 - $35,000)

Less: Decrease in accounts payable   $(8000) ($54,000 - $62,000)

Net cash flows from operating activities        $109,000

3 0
2 years ago
Recession, inflation, and high interest rates are economic events that are best characterized as being a. systematic risk factor
Shalnov [3]

Answer:

The correct answer is letter "B": among the factors that are responsible for market risk.

Explanation:

Market risk is the threat of an investment value falling due to factors that affect all market-wide investments. Investors always take on a certain level of risk. There is always the risk that their investments do not achieve expected returns. The risk falls into two categories: <em>Systematic risk </em>and <em>Unsystematic Risk. </em>

<em>Interest rates fluctuations, recession, and inflation are considered market risks.</em>

3 0
2 years ago
Mike and Lon came to a party together. A friend offered Mike a ride home. However, there was no room in the car for Lon. What ar
Vikentia [17]
Mike could leave lon behind, walk lon home, offer to pay for a taxi or finally he could stay with him.

3 0
2 years ago
If an entrepreneur can establish a strong and trustworthy management team, then the
Svet_ta [14]

Answer:

operational

Explanation:

bc it is

7 0
3 years ago
Which type of law governs the relationship between private individuals or companies?
alukav5142 [94]
The correct answer is B- Civil Law
6 0
2 years ago
Read 2 more answers
Other questions:
  • When using the book value of equity, the debt to equity ratio for Luther in 2018 is closest to: A) 0.43 B) 2.29 C) 2.98 D) 3.57
    6·1 answer
  • What is one advantage that the system illustrated below gives to countries that are involved in the global economy? A. It permit
    8·1 answer
  • Dr. judd is convinced that psychological disorders result largely from stressful social situations rather than from disturbances
    14·1 answer
  • Name three factors that can contribute to increased productivity in a country?
    14·1 answer
  • GROCERY STORE PROBLEM: A local grocery store faces demand for one of its items at a constant rate of 20,000 boxes per year. It c
    10·1 answer
  • Utility bills change each monthly, so these are called _____ expenses.
    11·2 answers
  • Brief Exercise 229 Iverson Company purchased a delivery truck for $45,000 on January 1, 2020. The truck was assigned an estimate
    5·1 answer
  • Describe the slope of the supply curve. How does the slope reflect the law of supply?
    12·2 answers
  • Question 7 Suppose that Jaxon Corporation has three products: Red, Black, and White. Red has the highest contribution margin per
    9·1 answer
  • Not knowing the roles of key players in the buying process could cause a sales representative to?
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!