Demand and marginal revenue curves are downward-sloping for monopolistically competition firms because: a. product differentiation allows each firm some degree of monopoly power.
<h3>What is product differentiation?</h3>
Product differentiation can be defined as what makes a product to different from another product which is why some producer tend to include a unique features in their so as to make their product distinct from that of others.
A monopolistic competitive firms can tend to face a downward - sloping demand curve based on the fact that it help to differentiate their product from that of others competitors.
Therefore the correct option is A.
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The complete question is:
Demand and marginal revenue curves are downward-sloping for monopolistically competition firms because...
a)product differentiation allows each firm some degree of monopoly power
b)there are a few large firms in the industry and they each act as a monopolist
c)mutual interdependence among all firms in the industry leads to collusion
d)each firm has to take the market price as given
The main mistake made by North American when trading with a middle Eastern companies are being Impatient.
Explanation:
- Middle east countries include countries such as United Arab Emirate, Iran, Iraq, Turkey, Egypt etc.
- North Americans are known to have a good trading relationship with many nations through out the world.
- But the failed to maintain a healthy and good trading relationship with Middle eastern companies such as UAE etc.
- On of the main reason why they failed is due to their impatience as arab people usually hesitate to take decisions regarding business right away and will demand some three or more business meetings before agreeing for trading, where on the other hand North americans didn't have such patience.
Hence their trading with North americans failed.
Answer:
c. higher unemployment rate. If a larger portion of the adult population were teenagers , the natural rate of unemployment would be higher.
Explanation:
As provided teenagers have more frequent unemployment spells that means that the population of teenagers is usually unemployed, as they spend most of their time searching for the jobs rather than actually grabbing and working.
Whereas usually adults settle down and find a descent job, and work on such job. Accordingly they do not contribute much to unemployment.
Accordingly if more of the adults were of teenage then the rate of unemployment would drastically be high.
Hello there!
I think you're answer would be -- His message did not set a clear and specific production of the target. Maybe, if he had looked over what really needed to be worked on, he could increase productivity in what really needed to be done. But, he gave no specific directions, only telling workers to "increase productivity".
Tell me if its wrong. Please... and thanks!
I hope this helps you!
~Alexa
