Graph 17-1 -Refer to Graph 17-1.If a Firm in a Monopolistically Competitive

question 92

Multiple Choice

Graph 17-1
-Refer to Graph 17-1.If a firm in a monopolistically competitive market was producing the level of output depicted as Qd in panel d, it would:

• A)be minimising its losses
• B)be losing market share to other firms in the market
• C)be operating at excess capacity
• D)not be maximising its profit

---

Definitions:

Geographically-Based Structure

An organizational structure that assigns responsibilities based on geographical divisions or territories.

Matrix Structures

An organizational structure that creates project-based teams from different departments for more dynamic and flexible operations.

Divisional Structure

An organizational structure that groups departments based on similar products, services, customers, or geographic locations.

Functional Structure

This organizational structure groups employees based on their job functions, allowing for specialization and efficiencies within departments but can also lead to silos of communication.