Answer: reduce output.
Explanation:
In a competitive market, firms do not have control over the price that they sell their goods in the market but they do have control over their costs. It is recommended to produce/ sell goods at a quantity where Marginal Revenue will equal Marginal cost (MR = MC).
In a Competitive Market, Price is the same as Marginal revenue which means that Marginal revenue here is $25 and the Marginal Cost is $26. At this quantity of output, the Marginal Cost is larger than the Marginal revenue.
Company should therefore reduce output to a quantity where Marginal Cost will equal Marginal revenue.
<span>Capitalist economic policies caused Kenya's economy to prosper.</span>
Answer:
Marketing refers to activities a company undertakes to promote the buying or selling of a product or service. Marketing includes advertising, selling, and delivering products to consumers or other businesses. Some marketing is done by affiliates on behalf of a company.
hope it helps!
Answer:
:: Selective Exposure - consumers actively choose messages which they want to see
:: Selective Attention -consumers decide how much attention they would like to give to a message
:: Selective Comprehension - consumers interpret information so that it is consistent with their beliefs and
values
:: Motivation- -energizing force which causes action to satisfy a need
:: Attitude - predisposition to respond to a product or brand in a favorable or unfavorable
way
Explanation:
