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Be price takers.
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∙ 12y ago
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Why Japanese Firms tend to be so competitive?
Japanese firms are competitive because they want to make a profit. They typically do this by expanding outside of Japan.
Characteristic do all three types of imperfectly competitive firms share?
What important charactertistic do all three types of imperfectly competitive firms share?
Does monopolistically competitive firms have horizontal marginal cost curve?
No it does not. Only Perfectly Competitive firms have a horizontal Marginal Cost curve, which is also there demand curve.
Monopolistically competitive firms are typically characterized by?
many firms selling products that are similar, but not identical.
Monopolistically competitive firms may not be able to produce goods at the lowest possible average cost. This statement is describing how monopolistically competitive firms might be?
without economies of scale
What competitive environmental forces influence the firms strategy?
The competitive environmental forces influence the firms customers, rival firms, new entrants, substitutes, and supplies.
Do perfectly competitive firms advertise?
Perfectly competitive firms would not advertise as advertising would serve no purpose. A market that is perfectly competitive exists only in theory.
Why Japanese Firms tend to be so competitive?
Japanese firms are competitive because they want to make a profit. They typically do this by expanding outside of Japan.
What are two perfectly competitive firms?
None
Characteristic do all three types of imperfectly competitive firms share?
What important charactertistic do all three types of imperfectly competitive firms share?
Does monopolistically competitive firms have horizontal marginal cost curve?
No it does not. Only Perfectly Competitive firms have a horizontal Marginal Cost curve, which is also there demand curve.
Monopolistically competitive firms are typically characterized by?
many firms selling products that are similar, but not identical.
Monopolistically competitive firms may not be able to produce goods at the lowest possible average cost. This statement is describing how monopolistically competitive firms might be?
without economies of scale
Can Socially Responsible firms survive in a Competitive environment?
Yes.
What hAS US manufacturers done to regain a competitive edge?
In an attempt to regain a competitive edge, United States firms have
What are the primary sources of the competitive advantages firms use to compete in international market?
The local market share is one of the primary sources of the competitive advantages that firms use to compete in the international market.
What are the primary sources of the competitive advantages firms use to compete in international markets?
The local market share is one of the primary sources of the competitive advantages that firms use to compete in the international market.
