<u>Answer:</u>
The statement that in the long run the demand curve will shift to the left until price equals average total cost and economic profit increases is not true.
Option: (I)
<u>Explanation:</u>
- In monopolistic competition, the demand for the commodity that is manufactured often remains constant, or at instances, increases as the manufacturer is the only player producing the commodity in that particular segment, or of that particular brand, or of that particular quality.
- These manufacturers often sell their products at costs more than the marginal costs by taking advantage of the monopolistic competition in place.
The answer to this question is "Political Instability". This is believed to be the result as per the conflict theorists point out that a declining standard of living society is likely to result in political instability in the respective countries. more issues and conflict will arise due to this declining standard living in the society.
They set missions in north America because they wanted to spread their faith.
Answer: Net listing agreement
Explanation: A listing agreement in which the seller sets a net amount acceptable for a property. If the actual selling price exceeds that amount, the broker is entitled to keep the excesses commission.
Answer:
In this situation
Wuthering Flights is an airline that sells seats for domestic air travel in the nation of Hamsterville. This firm experiences decreasing the average cost for the entire range of its demand curve due to very high start-up costs associated with running an airline.
The option that is based on information is:
E) It can produce and supply flights at a lower cost per unit than if there were many smaller firms
Explanation:
The reason behind this is that thanks to the start-up costs being mitigated, the company can compete in the market at very low prices. This is the classic example of a company that has developed very well in the industry and uses the advantage of the establishment to gain more consumers. It doesn't matter if the margin is smaller than its rivals, while the amount of sales is big enough to achieve a good net profit.
