The demand curve for a monopolistically competitive firm is downward sloping because there is a full or advanced degree of the powerfulness in the market.
<h3>What is the shape of demand curve of the monopolistically competitive firm?</h3>
A downward sloping demand curve characterizes a monopolistically competitive corporation because there is a lot of power in the market.
This curve signaled that the business firm has extraordinary market power. As each firm offers a unique product, market dominance is derived from product differentiation.
Therefore, the demand curve of monopolistically competitive market is downward sloping.
To learn more about the demand curve, refer to:
brainly.com/question/13131242
#SPJ4
Market because it promotes competition which in return lowers prices and increases quality
Answer:
You have to pay once a month
Explanation:
It depends what they're asking. Either you might have to pay at the beginning of the month, or at the end of the month. If you don't pay in time, you have to pay an extra fee.
Answer:
value of company inventory = $2600
so correct answer is B) $2,600
Explanation:
given data
normal selling price = $20
selling price fallen = $15
current inventory = 200 units
purchased = $16 per unit
cost fallen = $13 per unit
solution
we know that context inventory meaning is that inventory is reported the lower cost or the replacement cost
here lower is replacement cost = $13
so value of company inventory at lower of cost will be
value of company inventory = 200 units × $13
value of company inventory = $2600
so correct answer is B) $2,600
Answer:
d. Making the guest welcome, making the operation run correctly, keeping control operating costs.
Explanation:
The basic work of managers in the hospitality industry calls for: Making the guest welcome, making the operation run correctly, keeping control operating costs.
The hospitality industry's backbone is comprised of customer service, it is the foundation and cornerstone of all segments of the industry. A business may focus on one or all facets of hospitality but the level of success achieved is dependent on how well the managers and staff, are serving their customers.
