Monopolistically competitive firms are unable to produce enough output to reach the average total cost because of the presence of other monopolistically competitive firms in the industry.
- Monopolistic competition arises when several businesses provide rival goods or services that are comparable but imperfect replacements.
- Entry barriers are low in monopolistic competitive industries, and actions made by one business do not immediately impact those of its rivals. Pricing and marketing choices are how the rival firms set themselves apart.
- Businesses engaged in monopolistic rivalry distinguish their goods through price and marketing tactics.
- The expenses or other impediments that prohibit new rivals from joining a market are minimal in monopolistic competition.
- Between perfect and monopolistic competition, known as monopolistic competition, there is monopolistic competition, which incorporates aspects of both and entails businesses with comparable but distinct product offers.
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Answer:
e. a and c
Explanation:
The law of demand states that the higher the price, the lower the quantity demanded and the lower the price, the higher the quantity demanded. This occurs because of the law of diminishing marginal utility.
The law of diminishing marginal utility states that the more of a commodity is consumed, the lower the utility derived from the consumption of the product.
It follows that Jorge and karissa would demand less of pencils and sweaters as their prices rise. 
The demand curve is usually downward sloping to illustrate the law of demand. 
 
        
             
        
        
        
Answer:
The sacrifice ratio could be as small as 0
Explanation:
The Sacrifice Rate is the loss of output due to the fight against inflation, and can be expressed as how much product is lost to reduce inflation by 1 percentage point. The Sacrifice Rate is a proposition by economist Robert Lucas Jr, who noted that the slowdown in long-term inflation is associated with a reduction in the production of goods and services over a period of time until economic agents adapt to the new reality. pricing and restructuring their expectations of the economy. Therefore, the social cost of fighting inflation is a reduction in GDP and an increase in the unemployment rate.
Because of this, we can conclude that if policymakers are committed to reducing inflation and rational people understand this commitment and quickly reduce their inflation expectations, the sacrifice rate can be as low as 0.
 
        
             
        
        
        
Answer:
Nick  pay maximum $930
so correct option is d. $930 
Explanation:
given data 
health care policy = $250
co-insurance provision = 80 % 
it mean claim to be paid by insurance company = 80% 
and claim to be paid by Nick =  20 %
co payment cap = $1,000
claim insurance = $600
company paid  = $280
total bills = $5,000
to find out 
How much will Nick have to pay for the second claim
solution
we get first amount to be paid by insurance company and nick  is 
amount to be paid by insurance company and nick  = $600 - $250 
amount to be paid by insurance company and nick = $350
and
we know here 80% of $350  paid by insurance company 
so paid by insurance company  = 80% of $350 = $280
and  paid by Nick = $350 - $280 = $70
so Limit available to co payment = $1000 - $70
Limit available to co payment = $930 
so Nick  pay maximum $930
so correct option is d. $930