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Oxana [17]
4 years ago
14

A monopolistically competitive firm faces a downwardminussloping demand curve becauseA.its market decisions are affected by the

decisions of its rivals.B.of product differentiation.C.there are few substitutes for its product.D.it is able to control price and quantity demanded.
Business
1 answer:
liberstina [14]4 years ago
7 0

Answer: Option (B) is correct.

Explanation:

Correct option: product differentiation.

In a monopolistic competitive market, there are large number of sellers which are producing similar products or close substitute but the products are different enough that the demand curve for each firm is downward sloping.

The firms in a monopolistic competitive market have zero economic profit in the long run because of the less restrictions on the entry and exit of the firms.

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When the price elasticity of demand for a good is very elastic, quantity demanded is _____ to a change in price and the demand c
meriva

Answer:

1. Responsive

2. Elastic

Explanation:

When the price elasticity of demand for a good is very elastic, quantity demanded is RESPONSIVE to a change in price and the demand curve is relatively ELASTIC.

This is because the price elasticity of demand measures the responsiveness of the quantity demanded to a change in price.

Consequently, as the quantity demanded changes, the demand curve then becomes relatively elastic, by shifting either to the right or left.

3 0
3 years ago
Companies that fail to install adequate safety equipment because they feel pressured not to cut into their profits commit a crim
UkoKoshka [18]

This behavior best explained by Strain theory

Explanation:

Strain theory, in sociology, a hypothesis that pressure arising from social conditions, such as lack of income or lack of quality education, causes individuals to commit a crime. Strain theory describes deviant behavior as an unavoidable consequence of the experience of distressing individuals as they are deprived of the means of attaining cultural goals.

The central principle of general strain theory is that people who encounter pressure or stress are depressed or frustrated which can lead them to commit a crime to cope.

8 0
3 years ago
On June 1, Crane Company Ltd. borrows $99,000 from Acme Bank on a 6-month, $99,000, 8% note. The note matures on December 1. Cor
azamat

Answer:

Explanation:

The journal entry is shown below:

On June 1

Cash A/c Dr $99,000

    To Notes payable A/c  $99,000

(Being the amount borrowed is recorded)

For recording this transaction, we debited the cash account and credited the notes payable account so that the correct posting can be done

All other information which is given is not relevant. Hence, ignored it

7 0
3 years ago
The category of complainers called irates has a very optimistic sense of the potential positive consequences of all types of com
aliya0001 [1]

The category of complainers called irates has a very  optimistic sense of the potential positive consequences of all types of complaining. False.

what is optimist character like?

Optimists don't ignore troubles or fake lifestyles is best. They simply select to cognizance on what's properly approximately a scenario and what they can do to make things higher. Optimists have true self belief due to the fact they may be organized: They understand they need to study in the event that they need to ace a hard take a look at.

Does optimistic suggest nice?

The dictionary definition of optimistic is 'hopefulness and self belief approximately the destiny or the success of some thing' whilst positivity is 'the exercise of being, or tendency to be advantageous or positive in mindset.

Is being optimistic a strength?

Optimistic is a hopeful, superb outlook on the destiny, yourself, and the arena round you. it's miles a key part of resilience, the internal electricity that enables you get thru difficult times. by means of definition, optimism facilitates you spot, feel, and suppose definitely.

what is the other of optimist?

Antonyms & near Antonyms for optimist. cynic, defeatist, pessimist.

Learn more about optimistic here:-

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4 0
2 years ago
With regard to a prior perfected security interest in goods for which a financing statement has been filed, which parties is mos
timofeeve [1]

Answer:

A buyer in the ordinary course of business who purchased the goods from a merchant

Explanation:

In finance, perfected security interest is an interest in a property that prevents other party from having claims on it legally.

It should be noted that With regard to a prior perfected security interest in goods for which a financing statement has been filed, the parties is most likely to have a superior interest in the same collateral is buyer in the ordinary course of business who purchased the goods from a merchant.

8 0
3 years ago
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