fewer; less
Compared to the perfectly competitive firm, the monopolist faces a demand curve that is less elastic because there are fewer substitutes for the product produced by the monopolist.
<h3>What is the demand curve faced by a perfectly competitive firm and a monopolistic?</h3>
A firm's demand curve is perfectly elastic under perfect competition because it can sell any quantity of commodities at the going rate. Therefore, even a slight price rise will result in no demand. This suggests that the company has no influence over price. Large businesses, on the other hand, that are subject to monopolistic competition, deal with differentiated products based on brand. As a result, the demand curve has a decreasing slope and enjoys monopoly power. Only by lowering the price of the product and selling close substitutes will it be able to sell more goods. As a result, under perfect competition, the demand curve facing a firm is perfectly elastic, while under monopolistic competition, it is less elastic.
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I think it is because it is very hard to do
Answer:
No, it is not the right decision. The best decision that will bring maximum profit to the company is to sell chocolate syrup.
Explanation:
Profit = Sales revenue - Processing Cost
1-The Cocoa powder result in $3,900 profit ($14,000 - $10100) to the Choco Heaven company
2- If the company makes Chocolates syrup it will get profit of $34,000 ($104,000 - $70,000)
3- f the company makes Boxed assorted Chocolates it will get profit of $26,000 ($202,000 - $176,000)
Frictional unemployment is the result of voluntary employment transitions within an economy.
Answer:
Through the newspaper ads.
Explanation:
Personal selling is one of the ways of selling of products by various businesses where the seller and the customers come in direct contact or face to face in order to discuss the features, benefits, and worthiness of any product that the seller is interested in selling This can be done through direct face to face interaction, on telephones, through video conferencing, and also on the internet but not through newspaper ads.
