Answer:
50K in 2018 means that 50,000 dollars were earned in the year 2018, so this could refer to the annual income of a person or a household.
This would be equivalent to a monthly wage of 4,166 dollars each month, because 50,000 / 12 = 4,166.
This wage would be very close to the median wage in the United States.
The answer is Business Districts
Answer:
If people bought the same market basket of goods as the average consumer again and again the: a) consumer price index (CPI) would be extremely accurate.
By selling the asset for a profit
Answer:
b. the many competitors will focus on product differentiation.
Explanation:
In monopolistic competition, firms are price takers, that is to say, the price is given by the market (by the many forces of supply and demand: that is to say, firms and consumers), and as result, firms cannot influence the price of the goods.
For this reason, the firms try to distinguish themselves from their competitors by the product differentiation strategy: they try to offer a product that is different in some way: either of higher quality, or that provides more benefit, or that is more aesthetically pleasing, and so on.