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Yanka [14]
3 years ago
11

When a monopolistically competitive market opens up to international trade, each firm produces a greater quantity of output than

it did before. Explain why this is
Business
1 answer:
sesenic [268]3 years ago
8 0

Answer:

The correct answer is the increase in the amount of buyers.

Explanation:

To begin with, due to the fact that the company is now selling internationally then the market is wide more open for them to increase the portfolio of clients and moreover to increase the amount of sales that the company is having. Therefore that when the company starts to trade internationally it will increase its amount of consumers that will be able to buy from them and also the amount of resellers that can buy from them to buy to final consumers. Primarily, the improvement in the increase of buyers will tend to increase the amount of production that the company is producing and so also the amount of sales so therefore that the company will produce a greater quantity of output than it did before.

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3 years ago
a. what happens to the number of sandwiches and ice cream cones consumed if the price of ice cream cones rises to $2 a piece?
FinnZ [79.3K]

It is to be noted that the demand for sandwiches and ice cream cones consumed after the price of ice cream cones rises to $2 a piece will both reduce (all things being equal).

<h3>Why would the demand for both items reduce?</h3>

The demand for both goods will both come down because they are complementary or joint demand goods.

A pair of goods are termed "joint demand" when both must or usually is consumed with the other.

Recall that (where all things are equal) demand will decrease as price increases.

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brainly.com/question/1245771
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