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Explain how labor market equilibrium is affected by the supply and demand of labor in a Monopolistic Competition?
The labor market will reach equilibrium as the amount of workers willing to work for a certain price equals the amount of workers employers are willing to hire for that wage. On a supply and demand curve the employees represent the suppl side while the employers represent the demand side
What else can I help you with?
Explain price determination under monopolistic competition?
My heartfelt apologies, I don't mean to be rude. But, is this a loaded question? If it is a monopoly, there's no competition. Therefore you can determine the price any way you want. {eijgniy: hey there is such a market called monopolistic competition.
Explain the consumer equilibrium with the help of indifference curve?
Explain the consumer equilibrium with the help of indifference curve?
Explain Why sellers in monopolistic competition have more control over price than sellers in perfect competition?
Sellers in monopolistic competition have more control over price than those in perfect competition because they offer differentiated products that are not perfect substitutes. This product differentiation allows firms to create brand loyalty and set prices above marginal cost, unlike in perfect competition where products are homogeneous, and firms are price takers. Additionally, the presence of some degree of market power enables monopolistically competitive firms to influence their pricing strategies based on consumer preferences.
Explain how equilibrium in international market can be achieved and what factors can influencing its equilibrium?
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Define the term equilibrium Explain the changes in market equilibrium and effects to shifts in supply and demand?
madarchode machudda
Identify and explain the market structure in which the Toyota company is operating?
monopolistic competition
Explain price determination under monopolistic competition?
My heartfelt apologies, I don't mean to be rude. But, is this a loaded question? If it is a monopoly, there's no competition. Therefore you can determine the price any way you want. {eijgniy: hey there is such a market called monopolistic competition.
Can someone explain Microsoft to you in one sentence?
Monopolistic money grabbers.
Explain the consumer equilibrium with the help of indifference curve?
Explain the consumer equilibrium with the help of indifference curve?
Explain Why sellers in monopolistic competition have more control over price than sellers in perfect competition?
Sellers in monopolistic competition have more control over price than those in perfect competition because they offer differentiated products that are not perfect substitutes. This product differentiation allows firms to create brand loyalty and set prices above marginal cost, unlike in perfect competition where products are homogeneous, and firms are price takers. Additionally, the presence of some degree of market power enables monopolistically competitive firms to influence their pricing strategies based on consumer preferences.
Explain how equilibrium in international market can be achieved and what factors can influencing its equilibrium?
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What are the 4 basic market structure and explain how they differ from one another?
The four basic market structures are perfect competition, monopolistic competition, oligopoly, and monopoly. Perfect competition has many small firms producing identical products, while monopolistic competition has many firms selling similar but not identical products. Oligopoly has a few large firms dominating the market, while a monopoly has a single firm controlling the entire market. The main difference between them lies in the number of firms in the market and the level of product differentiation.
Monopolistic competition is monopolistic up to the point at which consumers become willing to buy close-substitute products and competitive beyond that point Explain?
Monopolistic competition occurs in markets where many firms offer products that are similar but not identical, allowing each firm some degree of market power. Firms can set prices above marginal cost due to product differentiation, but as consumers find close substitutes, their willingness to switch limits this power. Beyond a certain point, increased competition from substitutes forces firms to lower prices and act more competitively. Thus, while firms enjoy some monopoly characteristics, the presence of close substitutes means they must also respond to competitive pressures.
What ethical issues created by unfair competition?
Since the terms unfair and unethical are synonymous, it is not necessary to explain why something that is unfair would be unethical. That is true by definition. As for specific issues, unfair competition is typically used to drive competitors out of business, which then results in less choice for the consumer, and in the worst case scenario, higher prices in a monopolistic system. And that is not fair.
How you explain competition in animals?
For mates, territory and in comparison to others. (Like who is better.)
Identify density-dependent limiting factors and explain how they affect a population.?
- Density-dependent limiting factors that are based on population and are affected by the number of individuals. competition, predation, and parasitism
Define the term equilibrium Explain the changes in market equilibrium and effects to shifts in supply and demand?
madarchode machudda
