The deli industry is monopolistically competitive. If some delis leave the industry, Toby's <u>demand</u> curve will shift <u>right</u>.
<u>Explanation</u>:
Monopolistic competition is similar to perfect competition in that firms in both market structure. In monopolistic competition the firms earn zero economic profits in the long run.
One of the best examples for monopolistic competition is gas station.
The demand curve is the graphical representation of the relationship between the cost of the goods or services and the quantity demand for the product for specific period of time.
Shifting of the demand curve to right shows that there is increase in demand for the product.
Aristotle was an Ancient Greek scientist and philosopher.
Aristotle (along with Plato) is noted as the “Father of Western Philosophy”.
He invented formal logic, physics, psychology, descriptive biology and made critical observations of plants, humans, and animals. Many of his works and studies are crucial to modern society.
The Continental Congress commissioned George Washington as Commander in Chief of the Continental Army on June 19, 1775. Washington was selected over other candidates such as John Hancock based on his previous military experience and the hope that a leader from Virginia could help unite the colonies.
The integrity, dignity, wisdom, courage, and determination George Washington displayed that made him a great choice.
Signal at least 100 ft before making a turn.
Robbery and murder where very common on the road to the west. Coming across food was rare. Many people froze or starved on the road.
But while it was terrible for most, a lot brought along pigs, chicken, wheat, and other eatable things to last them the trip. This was useful and could make for a better experience. You could tell why you and your family are traveling west, is it for a better life or do you have family over there? Where are you going? Are you rich or poor? How old are you? What is your family like, these factor in.
