mandyt8536 mandyt8536

Today at 7:23 PM
Business

Answered

The demand curve of a monopolistically competitive firm A) is horizontal because the firm must cut its price to sell more. B) is perfectly elastic.

Answer :

tutorconsortium201 tutorconsortium201

Today at 7:28 PM

The demand curve of a monopolistically competitive firm A) is horizontal because the firm must cut its price to sell more.

The demand curve of a firm that is perfectly competitive is horizontal at the market price.
As a result, every unit sold will result in it receiving the same price.
The difference in total revenue from selling one more unit at the constant market price is the marginal revenue that the company receives.

A monopolistically competitive firm's perceived demand curve slopes downward, indicating that it sets prices and selects a mix of quantity and price.

Why is the demand curve in monopolistic competition more elastic than a monopoly?

Firm's demand curve under monopolistic competition is more elastic than under monopoly because of availability of close substitutes under monopolistic competition.

Learn more about demand curve brainly.com/question/13131242

#SPJ4

${teks-lihat-gambar} tutorconsortium201

Answer Link

Other Questions

The three main factors which highly influence incidents involving vulnerable road users are ... A. speed, alcohol and visibility. B. speed, alcohol and location

De Tocqueville criticized the U.S. for its lack of ? political parties. compromise. self-government. equality.

Esther goes out to dinner with her friends. She buys a drink for $1.99, a hamburger for $9.75, and a piece of cake for $5.25. How much did Esther spend? A) $18.

Esther goes out to dinner with her friends. She buys a drink for $1.99, a hamburger for $9.75, and a piece of cake for $5.25. How much did Esther spend? A) $18.

Esther goes out to dinner with her friends. She buys a drink for $1.99, a hamburger for $9.75, and a piece of cake for $5.25. How much did Esther spend? A) $18.

Express -5/8 as a rational number with numirator i)-10 ii) 15

(x+8)(x-10) ka gunanfal gyat kijiye

what is hematogenous spread

привіт рішітьеккуапиприи пап

loo after ," said mother to us reflexive pronoun

Which statement describes the first step to solve the equation by completing the square? 2x2+12x=32 A. Add 36 to each side of the equation. B. Multiply both sid

a simple pendulum consists of a small object of mass 4.68 hanging under a massless string of length 10 . the pendulum swings with angular frequency 8.09 . if th

states created counties to function as a.their administrative appendages that would manage activities of statewide concern at the local level b.their political

compare the performance of c-scan and scan scheduling, assuming a uniform distribution of requests. consider the average response time (the time between the arr

b4: suppose a system call causes a full page (4,096 bytes) of data >> to be copied from user space into the kernel. what is the least >> and the greatest possib

Acetylcholinesterase (AChE) is a protein that catalyzes the conversion of acetylcholine to acetate and choline. When the concentration of AChE in an aqueous sol

tobin's friend rose claims that she can read minds. to test rose's abilities, tobin draws 333 cards without replacement from a standard deck of 525252 playing c

a 17.4 crate is being pulled by a rope along a rough horizontal surface. the coefficient of kinetic friction between the crate and the surface is 0.3. the pulli

Which values from the set make this inequality true? 4n<16 ; {1, 2, 3, 4}

bundle j contains 10 units of good x and 5 units of good y. bundle k contains 5 units of good x and 10 units of good y. bundle l contains 10 units of good x and