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pshichka [43]
3 years ago
8

I'm dealing with "internal economies of scale". We are considering monopolistic competition as an example. We assumed that firms

are symmetric: they face the same demand function and have the same cost function.
Why do firms falling in this situation, have different marginal cost functions? Why is it true that some are well performing and some are not?
Business
1 answer:
Step2247 [10]3 years ago
5 0

Answer:

The concept of Micro-Economics are the elasticity of demand, marginal costs, the ... firm. ME deals with Demand analysis, Forecasting, Production function, Cost ... same. Because this is the world of competition and it has to be faced with all the possible options. 5. ... When we consider the demand for a commodity by all the.

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The "law of demand" refers to the fact that, other things remaining the same, when the price of a good rises, A. the demand curv
nadya68 [22]

Answer:

B. there is a movement up along the demand curve to a smaller quantity demanded.

Explanation:

Based on the laws of demand, if the price of the good rises the quantity demanded of that good would be reduced keeping other things constant and if the price of the good declines the quantity demanded of that good would be raised keeping other things constant.

It represents the inverse relation between the price and the quantity demanded of the good

Therefore the quantity demanded get decreased with the price

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3 years ago
________ involves correcting errors using past routines and present policies.A) Process reengineeringB) Single-loop learningC) C
alex41 [277]

Answer:

B is Correct

Explanation:

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3 years ago
A monopolistically competitive market A. is imperfectly competitive, and all imperfectly competitive markets are monopolisticall
Gala2k [10]

Answer:

D. is imperfectly competitive, but not all imperfectly competitive markets are monopolistically competitive.

Explanation:

Monopolistic competition may be seen as a variety of competition that determine the characteristics of variety of industries that are familiar to consumers in their day-to-day lives. For instance, restaurants, hair salons, clothing, and consumer electronics are all monopolistic competitive market but not all imperfectly competitive markets are monopolistically competitive.

4 0
3 years ago
Read 2 more answers
A healthy fast-casual restaurant that offers only vegetarian and vegan meals insists on portraying organic ingredients in its ad
Gelneren [198K]
The strategy that they use is <span>signaling value by targeting sophisticated buyers

This type of strategy could only work if the target market has specific preferences.
Even though the number of potential consumers for this market tend to be considerably small compared to another market, but the customers that obtained through this strategy tend to show higher level of loyalty.</span>
5 0
3 years ago
Flagler Corporation takes eight hours to complete the setup process for a certain electrical component, with the setup cost aver
marshall27 [118]

Answer:

The question is missing the below options:

$0.

$150.

$300.

$900.

$1,200.

The answer to the question is $300

Explanation:

In determining the amount of non-value adding cost,Flagler number of hours used in setup process is compared to that of its competitor.As a result of comparison, it came to light that Flagler used two more hours in setup process.

The extra hours do not necessarily make Flagler better,instead it makes worse off, as extra $300(2hrs*$150) would have to be incurred without any benefits derived.

This extra costs that do not make the organization better off and  do not add value,so it the non-value adding costs.

(8hrs-6hrs)*$150=$300

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3 years ago
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