In monopolistic competition, _____. A. there are few producers D. there are barriers to entry C. there

Fantastic news! We've Found the answer you've been seeking!

Question:

In monopolistic competition, _____.

A. there are few producers

D. there are barriers to entry

C. there is free entry and exit in the long run

D. each firm produces a standardized product

Related Book For answer-question

Macroeconomics Principles and Applications

ISBN: 978-1133265238

5th edition

Authors: Robert e. hall, marc Lieberman

See More Books

Posted Date: Apr 04, 2023 03:58 AM

See More Questions

1. How strong are the competitive forces confronting J. Crew in the market for specialty retail? Do a [Michael Porter] five-forces analysis to support your answer. (see chapter 3 in the textfor...
Analyze how the five forces define an industrys structure and shape the nature of competitive interactions within an industry. Understanding the competitive forces, and their underlying causes,...
12 1. Which of the following is not an explicit cost? a. salaries b. sales taxes c. the cost of utilities, such as gas and electricity insurance premiums d. e. the value of a firm owner's time 2....
(1 point) Solve each equation for x: (A) Solve 4(x+4) = 8 for x. X = 1 (B) Solve In x + ln(x 4) = 2 for x. X =
Is a nucleus that absorbs at 6.50 more shielded or less shielded than a nucleus that absorbs at 3.20 ? Does the nucleus that absorbs at 6.50 require a stronger applied field or a weaker applied...
Vandiver Company had the following select transactions. Instructions Prepare journal entries to record the transactions. Vandiver prepares adjusting entries once a year on December 31. Apr. 1, 2025...
Consider the following independent situations: 1. An international health club sells lifetime memberships costing $$1,500$ which allow the purchaser unlimited use of any of the clubs 300 facilities...
In Problem 5, if P(s1) = 0.25, P(s2) = 0.50, and P(s3) = 0.25, find a recommended decision for each of the three decision makers. (For the same decision problem, different utilities can lead to...
indicate whether the chief audit executive should accept or refuse the request and provide reasons for your choice. The warehouse manager has requested internal audit to perform an internal audit to...
Jan Martinelli, a junior in college, has been seeking ways to earn extra spending money. As an active sports enthusiast. Jan plays tennis regularly at the Naples Tennis Club, where her family has a...
Q1 (50%) Please read the attached case. Use the Hooke-Jeeves, Nelder-Mead, or stochastic search algorithms in Lecture 8 to find the best decision. Compare the algorithmic solutions to a brute-force...
Use economics to explain why people leave tips (a) at a restaurant they visit often and (b) at a restaurant they visit only once.
Use economics to explain this statement: Increasing the speed limit has, to some degree, compromised highway safety on interstate roads but enhanced safety on non-interstate roads.
Calculate the average temperature of Earth. Assume that $30 \%$ of incident light is reflected. The mean intensity of incident light at the Earth's surface is \(1350 \mathrm{~W} / \mathrm{m}^{2}...
Solar panels are often used on spacecraft to provide power. Calculate the amount of power generated by the solar panels near Earth, Mars, and Saturn. Also calculate the temperature of the spacecraft...
Identify the types of point defects shown in Fig. 19.1. Please re-sketch the figure. DO000000 OOQO 000000000 Fig. 19.1 Examples of point defects
Discuss psychological influences as it relates to the following terms: a. b. C. d. e. Anonymity Impersonality Suggestion and imitation Emotional contagion Release from repressed emotions
You are the newly appointed tax practitioner to complete Emilys tax return and have downloaded the prefill report for Emilys tax return (hint, you can read what a prefill report is here (Links to an...
Some advocates of the minimum wage argue that any decrease in the employment of the unskilled will be slight. They assert that an increase in the minimum wage will actually increase the total amount...
A drug manufacturer is considering how many of four new drugs to develop. Suppose it takes one year and $10 million to develop a new drug, with the entire cost being paid up front (immediately). The...
You are considering buying a new laser printer to use in your part-time desktop publishing business. The printer will cost $380, and you are certain it will generate additional net revenue of $100...
Show that $(4 / 3,10 / 3,0,0)$ is a basic feasible solution of the system: 2x1 + x2 + X3 6 x1 + 2x2 X20 + X4 = 8 for all i
Prove that if a feasible solution to a maximum problem in equality form is locally optimal, then it is optimal. (A solution is locally optimal if its objective value exceeds those of all feasible...
Let $\mathscr{G}$ be an RKHS with reproducing kernel $\kappa$. Show that $\kappa$ is a positive semidefinite function.

In monopolistic competition, _____. A. there are few producers D. there are barriers to entry C. there

Question:

Expert Answer:

The detailed answer for the above question is provided below ANSWER C there is free entry and exit i... View the full answer

Macroeconomics Principles and Applications

Students also viewed these finance questions