Other things equal, if more firms enter a monopolistically competitive industry:
a. the demand curves facing existing firms would shift to the left.
b. the demand curves facing existing firms would become less elastic.
c. the demand curves facing existing firms would shift to the right.
d. losses would necessarily occur.

Your project team’s recommendations to increase productivity have been approved and your team is now working on an implementation plan. in order to accomplish the plan, several subject matter experts from various parts of the organization have been brought in to assist. you have noticed friction and conflict among team members. some of the disagreement and opposition on your team supports the achievement of team goals and objectives. this type of conflict can be described as:

Overspeculation and a decrease in consumer confidence are both leading factors of: ?

Happy foods and general grains both produce similar puffed rice breakfast cereals. for both companies, thecost of producing a box of cereal is 45 cents, and it is not possible for either company to lower their productioncosts any further. how can one company achieve a competitive advantage over the other?