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Ilya [14]
3 years ago
9

In monopolistic competition Question 35 options: firms produce and sell an identical product. a large number of firms compete. f

irms face high barriers to entry. firms face perfectly elastic demand for their product. g
Business
1 answer:
nalin [4]3 years ago
7 0

Answer:

b. a large number of firms compete.

Explanation:

In monopolistic competition, <u>a large number of firms compete</u>.

A monopolistic competitive industry is that form of market in which there is large number of buyers and sellers and firm sells differentiated product based on quality, size, shape. So, in monopolistic competitive industry, firms produce and sell varieties of product, a large number of firms compete, firms does not face high barriers to entry and firms does not face perfectly elastic demand for their product.

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Consider this​ statement: "Persistent inflation in a growing economy is possible only if the aggregate demand curve shifts right
horrorfan [7]

Answer:

This statement is describing demand pull inflation.

Explanation:

If the aggregate demand increases the demand curve will shift rightwards. But if the increase in demand is higher than increase in supply this will lead to an increase in the price level. The output level will increase but constant increase in price will cause inflationary pressures. This is referred toa as demand-side inflation.

4 0
3 years ago
Alan (27) and Kara (26) are married and filing a joint return. Both Alan and Kara were full-time students all year at State Coll
Tresset [83]

Answer:

AOLC_{Allan}=$2750

AOLC_{Kara}=$2475

AOLC_{Allan}=$1000

AOLC_{Kara}=$780

Explanation:

American Opportunity Learning credit.

First, assuming Allan and Kara are eligible, we must know how the two forms of credit work. For the American Opportunity Learning credit (AOLC), it is possible to receive 100% of the tax deduction for the first 2000 and then 25% of the deduction up to a maximum of 2500. So, the amount of the opportunity credit for Allan and Kara is given by:

AOLC_{Allan}=2000+(5000-2000)*0.25=2750

AOLC_{Kara}=2000+(3900-2000)*0.25=2475

Now, for the American Lifetime Learning credit (ALLC), we have to allow 20% deduction  of taxes up to $2000 if the person meets the requirement of not earning more than 68000, then:

AOLC_{Allan}=5000*0.2=1000

AOLC_{Kara}=3900*0.2=780

8 0
3 years ago
Mike wants to purchase an $11,350 car with a loan from a credit union that requires a 20% down payment. what amount will Mike bo
djyliett [7]
He will borrow 80% of the cost of the car.
80/100*11350= <span>$ 9080</span> 
4 0
4 years ago
The process of dividing the potential market into sub-markets with common needs and features is called:________
chubhunter [2.5K]

Answer:

The correct answer is A. Market Segmentation.

Explanation:

The process of dividing the potential market into sub-markets with common needs and features is called market segmentation. The segments created are composed of consumers who will respond similarly to marketing strategies and who share simialr traits.

For example, common characteristics of a market segment include interests, lifestyle, age, gender, etc. Common examples of market segmentation include geographic, demographic, psychographic, and behavioral.

3 0
3 years ago
Agnessa let the management of Acme Global know that she will retire next year. Agnessa job requires specialized skills. Rather t
Anettt [7]

Please see the complete question below.

Agnessa let the management of Acme Global know that she will retire next year. Agnessa job requires specialized skills. Rather than advertise the job, management has the human resource management department look through its files for people in the organization who have the needed skills. This recruitment method is known as ______.

A. open recruitment

B. employee referrals

C. closed recruitment

D. targeted recruitment

Answer:

The answer is closed recruitment (option C)

Explanation:

Closed Recruitment can be defined as the type of recruitment that takes place 'in house'. In other words, there is no need for an external advertisement of vacancy because candidates needed to fill in vacant job roles or positions of a firm are selected from the existing pool of employees in the firm. Firms carry out closed recruitment by looking into the files of people who have the skills needed to occupy the vacant role and selecting/appointing who is best fitted for the role.

6 0
4 years ago
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