3 years ago

For a perfectly competitive firm, the marginal cost curve is identical to the firm’s ________________

1 answer:

4 0

If the firm is perfectly competitive, then this means that the marginal cost curve is simple similar to the firm’s supply curve. The level in which the marginal cost is equal to the marginal revenue is the level in which profit is maximized.

Answer:

<span>Supply curve</span>

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Jerry is an adjuster and has signed a contract with ABC Insurance to adjust claims in an area recently devastated by a hurricane

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The authority that Jerry has which allows him to complete inspections and settle claims is called an Express authority.

<h3>What is express authority?</h3>

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The pricing function is an integral part of the companies :

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Answer:

Yes

Explanation:

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Pricing also plays a role in the perception of a product (marketing mix). For example, an Apple product is not cheap because of some perceived value of the product.

Another reason why pricing is integral is in times of competition, it may be worthwhile to use price to take market share from competitors.

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