Business, 20.03.2020 00:06 slbucknerholmes9
The given statements are about monopolistic competition. Indicate whether each statement is true or false. A monopolistically competitive firm may be able to distinguish itself from other firms by adjusting the physical attributes of its product, by offering a distinctive level of service, or by selecting a convenient location. Product differentiation enables a monopolistically competitive firm to have some control over the price of its product. In the long run, each monopolistically competitive firm produces a level of output that results in allocative efficiency. In the long run, each monopolistically competitive firm produces a level of output that results in productive efficiency. To maintain a competitive edge and earn economic profits, a monopolistically competitive firm has an incentive to improve its product. Compared with purely competitive markets, under monopolistic competition consumers with a diversity of tastes can benefit from the opportunity to choose from a greater range of products and services. In order to maximize its profits, each monopolistically competitive firm must determine the price of its product, how to differentiate its product, and how much it will spend on advertising.
Answers: 3
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Business, 22.06.2019 20:20
John has served as the chief operating officer (coo) for business graphics, inc., a publicly owned firm, the past 5 years. which of the following statements about john is correct? both john and the ceo of business graphics must certify to the sec that the firm's financial statements are accurate. as the coo, john will be ranked higher than the ceo but still below the cfo. in john's postition as the coo, it is highly unlikely that he would also be the chairperson of the board of directors. as the coo, john would typically be involved with accounting, finance, and asset purchase decisions.
Answers: 2
The given statements are about monopolistic competition. Indicate whether each statement is true or...
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