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alex41 [277]
2 years ago
10

________ exists when a large number of firms produce goods that are similar but customers believe there is a difference.

Business
2 answers:
Sedaia [141]2 years ago
5 0
Answer (Competitive practice)

The answer that fills the blank is competitive practice because businesses compete when they have a similar product that they both try to sell.

Hope this helps have a nice day :)
hichkok12 [17]2 years ago
4 0

Answer:

Monopolistic Competition

Explanation:

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Takisha Jorimoto works in finance for a small microbrewery. This week Takisha is working on a budget for the next 12 months. She
larisa [96]

Answer:

to follow her heart

Explanation:

and you will follow the steps

8 0
2 years ago
1) In your own words, explain the difference between simple interest and compound interest.
galben [10]
One interest is simple the other is compound......
6 0
3 years ago
If the average cost of producing 9 sweaters is $6. 50 and the marginal cost of producing the tenth sweater is $6. 25, the averag
mestny [16]

If the average cost of producing 9 sweaters is $6. 50 and the marginal cost of producing the tenth sweater is $6. 25, the average cost of producing 10 sweaters will be less than $6.50

If marginal cost is less than average cost, average cost will decrease and therefore be less than $6.50. In this case, average cost of producing 10 sweaters is ($6.50 x 9 + $6.25)/10 = $6.48.

The marginal cost is the variation in total cost brought on by an increase in output, or the cost of producing more. In certain contexts, it might refer to an increase in output of one unit, while in others, it can relate to the rate of change of total cost as output grows by a modest amount.

The total cost is expressed in dollars, whereas the marginal cost is expressed in dollars per unit. The marginal cost is the slope of the total cost, or the rate at which it increases with production.

Marginal cost is the distinction between average cost, which is the total cost divided by the number of units produced.

To learn more about Marginal Cost here

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8 0
1 year ago
supposed you invest $500 in a mutual fund today and $600 in one year. if the fund pays 9% annually, how much will you have in tw
Ilya [14]

If the fund pays 9% annually, you will have $1248.05 in two years.

Future value is the value of a product or investment at some point in the future. In other words, the future value is the amount of money that, assuming a specific rate of return, an investment will be worth after a specific period of time.

According to the concept of present value, money is worth more now than it will be later. In other words, money received in the future is not as valuable as money obtained now in the same amount.

A = Future Value

P = Present value

r = Rate of interest

n = Time period

A = P(1+r/100)^n

= 500$\times (1.09)^2$ + 600$\times (1.09)^2$

= $1248.05

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7 0
1 year ago
A social environment is BEST described as:
jeka57 [31]

Explanation:

The social environment, social context, sociocultural context or milieu refers to the immediate physical and social setting in which people live or in which something happens or develops. It includes the culture that the individual was educated or lives in, and the people and institutions with whom they interact.

5 0
2 years ago
Read 2 more answers
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