The cost was $1.15 billion
<span>You supply a good at a price of $5. You also earn a profit at this price. This means that your marginal cost could be less than $5.
Hope it helps.</span>
Answer:
A monopolistically competitive industry is characterized by
a. many firms selling products that are similar but not identical.
Explanation:
A monopolistic competition is a form of imperfect competition with many firms operating in the industry. For such an industry, the goods or services are differentiated, such that one firm's goods or services can easily be associated with the producer. This is mostly achieved through branding and the use of trademarks. Each firm, therefore, competes with many other competitors, but they limit their competition by differentiating their products so that consumers would have preference for one against the other, depending on their perceived value.
Answer:
The correct answer is letter "A": see themselves as better than the average person.
Explanation:
In <em>social psychology</em>, individuals' self-serving bias is the point of view people have of themselves believing they are superior to others. Given a certain attribute, these kinds of individuals relate a positive outcome with their own "awesomeness" while a negative outcome is the reflection of others not being capable enough of reasoning like the individuals even though the individuals could be objectively wrong.
