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andre [41]
4 years ago
9

The downward-sloping demand curve of a monopolistic competitor Multiple Choice A. reflects product differentiation.

Business
1 answer:
True [87]4 years ago
8 0

Answer: The answer is A. Reflects product differentiation.

Explanation: In a monopolistic competition, companies offer products that are not equal. This product differentiation gives companies power in the market and causes each company to face a demand curve with a downward slope (if it raises the price of its product it will sell less and if it lowers it will sell more). Unlike a perfect competition market where companies face a horizontal demand curve.

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The European Parliament to resolve their concerns.

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4 years ago
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It will cost employer A more to hire another worker

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4 years ago
Adam Smith believed that fair prices for goods are determined in a capitalist system:______ a) through competition between busin
Alexus [3.1K]

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The correct answer is A

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So, under this system, he believed that the fair as well as correct prices of the commodity or the goods will be determined through the competition among the businesses.

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3 years ago
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