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If a monopolistically competitive firm is making profits, how is it able to maintain its competitive edge in the market?
A monopolistically competitive firm can maintain its competitive edge in the market by offering unique products or services that differentiate it from competitors, creating brand loyalty among customers, and effectively marketing its products to attract and retain customers. Additionally, the firm may also benefit from barriers to entry that prevent new competitors from easily entering the market.
How does competition in a market affect allocative and productive efficiency?
A competitive market, firms act with their benefit at heart. If a firm is producing at productive efficiency, it produces goods at a relatively low expenditure, it can sell at low prices and hence compete well in the market.
Does the price equal the marginal revenue in a competitive market?
In a competitive market, the price does equal the marginal revenue.
Is cigarette market a perfectly competitive market?
There is no such thing as a perfectly competitive market. It is merely a economic model to compare other market structures to. Cigarette market is more likely a oligopoly.
Describe the role of prices in market economics define the equilibrium of a market descrobe the forces that move a market toward its equlibrium?
Generate a debate about competitive market? How in your opinion a Competitive market can be evolved?
Why don't developing countries usally benefit from free trade policies?
Many developing countries do not benefit from free trade policies, because their industries are to weak to compete in the international market.
If a monopolistically competitive firm is making profits, how is it able to maintain its competitive edge in the market?
A monopolistically competitive firm can maintain its competitive edge in the market by offering unique products or services that differentiate it from competitors, creating brand loyalty among customers, and effectively marketing its products to attract and retain customers. Additionally, the firm may also benefit from barriers to entry that prevent new competitors from easily entering the market.
Why don't developing countries benefit from free trade?
Their industries are too weak to compete in the international market.
Why don't countries usually benefit from free trade policies?
Their industries are too weak to compete in the international market.
Does the price equal the marginal revenue in a competitive market?
In a competitive market, the price does equal the marginal revenue.
What is the benefit of earning a certification with ServSafe?
The benefit of a food handler earning a ServSafe certificate is to demonstrate that they are competent in an environment where food is handled and prepared. This can enhance their desirability as an employee, giving a competitive edge in a difficult job market.
How does competition in a market affect allocative and productive efficiency?
A competitive market, firms act with their benefit at heart. If a firm is producing at productive efficiency, it produces goods at a relatively low expenditure, it can sell at low prices and hence compete well in the market.
What is benefit of effective market research?
What is a benefit of effective market research
What is a benefit of effective market research?
What is a benefit of effective market research
Is cigarette market a perfectly competitive market?
There is no such thing as a perfectly competitive market. It is merely a economic model to compare other market structures to. Cigarette market is more likely a oligopoly.
Why don't developing countries usually benefit from free trade policy?
Their industries are too weak to compete in the international market.
Why don't developing countries usually benefit free trade policies?
Their industries are too weak to compete in the international market.
