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If firm ’s average cost curve is falling then marginal curve must be:
- a)Falling
- b)Rising
- c)Below average cost curve
- d)None of the above
Correct answer is option 'C'. Can you explain this answer?
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If firm ’s average cost curve is falling then marginal curve mus...
If a firm wants to increase its market share, there are several strategies it can employ:
1. Price Reduction: The firm can lower its prices to attract more customers and gain market share. However, this strategy can lead to lower profit margins and may not be sustainable in the long run.
2. Product Differentiation: The firm can differentiate its products from those of its competitors, making them more attractive to customers. This can be achieved through branding, packaging, and product features.
3. Advertising and Promotion: The firm can increase its advertising and promotional activities to create awareness about its products and increase its visibility in the market.
4. Expansion: The firm can expand its operations to new markets or regions to increase its customer base and market share.
5. Strategic Partnerships: The firm can form strategic partnerships with other companies to leverage their expertise, resources, and customer base to increase its market share.
1. Price Reduction: The firm can lower its prices to attract more customers and gain market share. However, this strategy can lead to lower profit margins and may not be sustainable in the long run.
2. Product Differentiation: The firm can differentiate its products from those of its competitors, making them more attractive to customers. This can be achieved through branding, packaging, and product features.
3. Advertising and Promotion: The firm can increase its advertising and promotional activities to create awareness about its products and increase its visibility in the market.
4. Expansion: The firm can expand its operations to new markets or regions to increase its customer base and market share.
5. Strategic Partnerships: The firm can form strategic partnerships with other companies to leverage their expertise, resources, and customer base to increase its market share.
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If firm ’s average cost curve is falling then marginal curve must be:a)Fallingb)Risingc)Below average cost curved)None of the aboveCorrect answer is option 'C'. Can you explain this answer?
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If firm ’s average cost curve is falling then marginal curve must be:a)Fallingb)Risingc)Below average cost curved)None of the aboveCorrect answer is option 'C'. Can you explain this answer? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about If firm ’s average cost curve is falling then marginal curve must be:a)Fallingb)Risingc)Below average cost curved)None of the aboveCorrect answer is option 'C'. Can you explain this answer? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for If firm ’s average cost curve is falling then marginal curve must be:a)Fallingb)Risingc)Below average cost curved)None of the aboveCorrect answer is option 'C'. Can you explain this answer?.
If firm ’s average cost curve is falling then marginal curve must be:a)Fallingb)Risingc)Below average cost curved)None of the aboveCorrect answer is option 'C'. Can you explain this answer? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about If firm ’s average cost curve is falling then marginal curve must be:a)Fallingb)Risingc)Below average cost curved)None of the aboveCorrect answer is option 'C'. Can you explain this answer? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for If firm ’s average cost curve is falling then marginal curve must be:a)Fallingb)Risingc)Below average cost curved)None of the aboveCorrect answer is option 'C'. Can you explain this answer?.
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