Business, 02.12.2020 04:20 genyjoannerubiera
1) In a monopolistically competitive industry,
a) firms are large relative to the total market.
b) firms can be either large or small relative to the total market.
c) firms are small relative to the total market.
d) there is only one firm.
2) Compared to a perfectly competitive firm, the demand schedule a monopolistically competitive firm faces is
a) less price elastic
b) perfectly price elastic
c) perfectly price inelastic
d) more price elastic
Answers: 1
Business, 21.06.2019 20:30
technology is the application of knowledge and tools to solve problems and perform tasks more efficiently. t/f
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Business, 22.06.2019 16:00
Advanced enterprises reports year-end information from 2018 as follows: sales (160,250 units) $968,000 cost of goods sold 641,000 gross margin 327,000 operating expenses 263,000 operating income $64,000 advanced is developing the 2019 budget. in 2019 the company would like to increase selling prices by 14.5%, and as a result expects a decrease in sales volume of 9%. all other operating expenses are expected to remain constant. assume that cost of goods sold is a variable cost and that operating expenses are a fixed cost. should advanced increase the selling price in 2019?
Answers: 3
Business, 23.06.2019 02:40
If a country is looking to increase economic growth quickly, it should: choose the correct answer from the following choices, and then select the submit answer button. answer choices focus on natural resources and develop physical capital. make investments from domestic savings and adopt new technology. increase spending on human capital and start a new political approach. develop new technologies funded by the public sector.
Answers: 1
1) In a monopolistically competitive industry,
a) firms are large relative to the total market.
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