Answer:
b. shift to the right.
Explanation:
A monopolistic competition is when there are many sellers of differentiated goods and services in an industry. Firms set the market price for their goods and services.
If firms leave the industry, the number of firms available to cater to consumers needs have reduced while the amount of consumers remain the same. Customers of the firms that exited the industry begin to patronize firms that are still in the industry. This leads to an increase in demand for existing firms and their demand curve shifts to the right.
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Eli's experience of the differences in the working conditions in the developing nations with the United States is an example of (B) social responsibility differences between similar firms, but in different countries.
<h3>What is corporate social responsibility?</h3>
Corporate social responsibility refers to the approach adopted by entities to respond to social justice in their environments.
Entities engage in corporate social responsibility in four major areas:
- Environmental Responsibility
- Ethical Responsibility
- Philanthropic Responsibility
- Economic Responsibility.
<h3>Question Completion with Answer Options:</h3>
(A) corporate philanthropy differences in different countries.
(B) social responsibility differences between similar firms, but in different countries.
(C) the difference in corporate social initiatives in foreign nations.
(D) the need for whistleblowers abroad.
Thus, Eli's experience of the differences in the working conditions in the developing nations with the United States is an example of (B) social responsibility differences between similar firms, but in different countries.
Learn more about corporate social responsibilities at brainly.com/question/1373962
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The answer is A
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Answer:
Consumer Sovereignty
Explanation:
Consumer sovereignty in production refers to the controlling power of consumers and that the production of goods and services is determined by the consumers' demand.
In the given scenario, The dollar votes of consumers ultimately determine the composition of output and the allocation of resources in a market economy, and hence this statement best describes the concept of Consumer Sovereignty
