Answer:
The best way for the producer of Bubbles to differentiate itself from the foreign multinational is to create a specific market focus or niches for itself.
Explanation:
By creating a dedicated and specific market niche, the producer of bubbles have a specific target market out of the whole market whom they can influence consequently differentiating themselves from the multinationals.
Answer
Increase- a popular new diet prescribes
only olive oil for weight loss
Increase- a report in news stating that
consumption of olive oil
improves health
Decrease- a decrease in the price
of other vegetable oil
Decrease- research shows that olive oil
consumption leads to hair loss
Explanation:
The answer is marginal revenue (MR) curve above $22.
Explanation:
Jim and Lisa Groomers will maximize its accounting profit when taking it to 0 its economic profits when marginal revenue = marginal costs.
Economic profits are not the same as accounting profits because they include the opportunity costs of investing the money somewhere else. That is whythe long run firm is not able to make economic profits since as they exist, new competitors will enter the market. But in the case of the shoert run, the firms are able to make economic profit, but by doing so, they cannot maximize their accounting profit.
Economic profit = account profit = Opportunity profit
Opportunity cost are extra costs or benefitslost from choosing one activity or investment over another one.
