Answer:
setting the price of the product well below the price charged by the rival
Explanation:
A monopolistic competition is when there are many firms selling differentiated products in an industry. A monopoly has characteristics of both a monopoly and a perfect competition. the demand curve is downward sloping. it sets the price for its goods and services.
An example of monopolistic competition are restaurants
When firms are earning positive economic profit, in the long run, firms enter into the industry. This drives economic profit to zero
If firms are earning negative economic profit, in the long run, firms leave the industry. This drives economic profit to zero
in the long run, only normal profit is earned
If a monopolistically competitive sets price below competitors, losses would be made. So, there is no incentive to do this
Answer:
B) Freedom of choice and enterprise are essential elements of the market system.
Explanation:
A free market system is a system where private parties (suppliers and consumers) decide how resources will be allocated. Consumers are free to decide whether they like or not a product and whether they will purchase it or not. On the other hand, producers are free to decide whether to produce one product or a totally different one, and at what price they want to sell it. Te free market system is extremely efficient in getting goods to consumers that value them the most.
There are no kings in a free market system, and though it is very efficient in creating overall wealth, it is not efficient in distributing wealth and income.
Answer:
land 362,500
Explanation:
the accounting considers that asset should be measure at historic cost thus, the land will be disclosure as the sum of all the cost incurred to obtain it and leave it read y for use:
350,000 cost
2,500 delinquent propierty tax
<u> 10,000 </u>removal of the building
362,500 total cost.
Answer:
A, getting the lead out
Explanation:
The idiomatic expression to get the lead out means to move along quickly or as fast as possible.
Wachovia bank uses the tactics of charging $7 for teller use as a way to discourage lower-tiered customers from coming into the bank to enable the bank business move along quickly. This means that only higher-tiered customers are encouraged to use live teller services as it is believed that they are of higher value than lower-tiered customers as a result of the large amounts of money they have in the bank.
I hope this helps.
