Many industries are often plagued by overcapacity: firms simultaneously invest in capacity expansion, so that total capacity far exceeds demand. this happens not only in industries in which demand is highly volatile and unpredictable, but also in industries in which demand is fairly stable. what factors lead to overcapacity? explain. overcapacity may result

a. from firms producing a differentiated product in a monopolistically competitive market.
b. when demand grows by more than expected.
c. from new firms entering an industry, producing additional output to maximize its own profit.
d. from firms following dominant strategies to maximize payoffs.
e. from firms trying to prevent entry by making production appear unprofitable.

answer; i believe that the correct answer is (d); the business benefits because owners can share responsibilities;

answer: marginal utility of the fourth brownie is 0.

explanation: marginal utility is the addtional utility gained from the consumption of one more unit of a good. it is given by,

so, marginal utility at the 4th unit will be given by

since, the values are not given here, you can simply find marginal utility at fourth unit by subtracting total utility at 3rd unit from total utility at 4th unit.

answer: b. false

the staff is a set of five horizontal lines and four spaces which represent a different musical pitch. the lines and the spaces are numbered from bottom to top, the bottom line is the first line and the fifth line is the line on the top. the notes on the top of the staff (fifth line) have a higher pitch than a note at the bottom of the staff.