Answer:
Letter b is correct.<em> A monopolistically competitive firm faces competition from firms producing close substitutes.</em>
Explanation:
<u>Monopolistic competition</u> is an economic situation that occurs when companies exhibit imperfect competition, that is, companies market similar but not identical products, which characterize them as substitute but not perfect substitute products.
Products may have different variables, such as quality, price and reputation in the market. The greater the degree of product differentiation, the more price control the company will have.
Answer:
C , I , G , NX
Explanation:
The components of nation's demand for goods & services is reflected in Aggregate Demand . AD is the total value of goods & services all the consumers are planning to buy during a period.
AD denotes consumption components by 4 sectors of an Economy : Households, Firms, Government , Rest of World .
All 4 sectors form components of AD = Consumption Expenditure, Investment, Government Expenditure, Net Exports (Exports - Imports) by the 4 above sectors respectively.
When you become a stockholder, you basically own some percentage of the company, which mean :
- If the company which you invested in gain no profit, you're also not getting any profit.
- If the company sell some assets, it mean that you also have to take the loss according to the percentage of your ownership
- The Value of our stock may decrease according to the market price
When rain falls on a sanitary landfill, a potential environmental problem is the formation of <u>Leach-ate</u>.
<h3>What is Leach-ate?</h3>
When rain falls on a sanitary landfill and dissolves some solids into it, the water that is formed is known as leach-ate.
Leach-ate in this instance is quite toxic and can lead to the pollution of ground water when it is absorbed into the ground.
In conclusion, a potential problem is the formation of leach-ate.
Find out more on leach-ate at brainly.com/question/6470670.
Answer:
MC > AC : AC rise ; MC < AC : AC fall ; MC = AC : AC minimum .
Explanation:
Marginal Cost MC is addition to total cost with an additional production.
∆C/∆Q
Average Cost AC is average cost per unit of production output. C / Q
Relationship between AC & TC : Average move in direction of Marginal .
MC > AC : AC rises
MC < AC : AC falls
MC = AC : AC is minimum