Answer: Companies in perfect competition do not usually apply "socially conscious" practices because their cost-benefit relationship does not justify it.
Generally, the administration of an oligopolistic company will carry out "socially conscious" practices, because this differentiation between the other companies would lead to higher than normal profits.
Answer:
price for a monopolistically competitive firm exceeds the marginal cost
Explanation:
Monopolistically competitive firms do not achieve allocative efficiency because the <em>"price for a monopolistically competitive firm exceeds the marginal cost"</em>
Allocative efficiency is known to be an economic concept which actually regards efficiency at the societal level. This usually refers to the production of the optimal quantity of some output. The quantity produced is actually the marginal benefit of one more unit which the society enjoys and which is equal to the marginal cost.
In a monopolistically competitive industry, they will produce a lower quantity of a good and then their prices will be higher than would a perfectly competitive industry. A monopolistic competitive firm’s demand curve actually slopes downward. This then means that it will charge a price that exceeds marginal costs.
One of the things that could be done to improve the general quality of life is by taking care of the environment and healthy diet.
Study shows that the main factors that caused early death in the society is the pollutant substance that we inhale everyday and unhealthy foods that we put into our body
Mortgage lenders are required to provide an estimate of closing costs to a buyer and are prohibited from paying kickbacks for referrals under which law or regulation The Real Estate Settlement Procedures Act.
A mortgage is a contract between you and a lender that allows you to borrow money to buy or refinance a home and gives the lender the right to take your property if you don't pay back the money you borrow.
An example of a mortgage is when you go to the bank and borrow money for your house. A mortgage is a loan taken out to buy a property and backed by the same property. An example of a mortgage is the loan you took out when you bought your home. Claim prepayment or liability claims.
How mortgages work when buying a house. The buyer uses the mortgage funds to pay the seller for the property, and the buyer repays the money borrowed plus interest and fees over a period of time (5, 10, 15, 20, 25, etc.) To do. The buyer typically pays the lender monthly.
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This is true. You can use the acronym FANBOYS to remember <span />