Monopolistic competition differs from perfect competition primarily because _________________. A . In monopolistic competition, industry produces all

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

Question:

Monopolistic competition differs from perfect competition primarily because _________________.

A. In monopolistic competition, industry produces all of the market supply of goods

B. In Perfect competition, the exits are too less

C. in monopolistic competition, firms can differentiate their products

D. in perfect competition, firms can differentiate their products

Related Book For answer-question

Exploring Economics

ISBN: 9781439040249

5th Edition

Authors: Robert L Sexton

See More Books

Posted Date: Feb 01, 2023 12:06 AM

See More Questions

Monopolistic competition differs from ________. A. Monopoly because firms cannot set their own price B. Oligopoly because firms produce differentiated goods or services C. Perfect competition because...
The Fine Point Company currently produces all of the components for its one product, an electric pencil sharpener. The unit cost of manufacturing the motor for this pencil sharpener Is: Direct...
Because firms in any industry can always make greater profits by colluding, there is an inevitable tendency for competitive industries to become cartels over time. Is the first part of this statement...
Assume that n is a positive integer. For each of the following algorithm segments, how many times will the innermost loop be iterated when the algorithm segment is implemented and run? 1) for k:=1 to...
Organize the class into teams. Each team must prepare a list of 10 internal controls a consumer could observe in a typical retail department store. When called upon, the teams spokesperson must be...
You are asked to write policies and procedures for managing the receiving area. Identify the topic areas that you would include:
Check whether the following can define probability distributions and explain your answers. (a) $f(x)=\frac{1}{4}$ for $x=10,11,12,13$ (b) $f(x)=\frac{2 x}{5}$ for $x=0,1,2,3,4,5$ (c)...
The president of Frogger Company is puzzled. During the last year, the company experienced a net loss of $800,000, yet its cash increased $300,000 during the same period of time. Explain to the...
Below are several transactions for Scarlet Knight Corporation. A junior accountant, recently employed by the company, proposes to record the following transactions. External Transaction Accounts...
Soybean oil is to be pumped from a storage tank to a processing vessel. The distance is 148 m and included in the pipeline are six right-angle bends, two gate valves and one globe valve. If the...
15. Determine the transverse modulus of a unidirectional carbon/epoxy composite with the properties E2f = 14.8GPa, Em = 3.45GPa, Vm = 0.36, V = 0.65. 16. The fiber and matrix properties and in-plane...
Christmas Anytime issues $810,000 of 7% bonds, due in 20 years, with interest payable semiannually on June 30 and December 31 each year. Calculate the issue price of a bond and complete the first...
Olive Company makes silver belt buckles. The company's master budget appears in the first column of the table. Required: Complete the table by preparing Olive's flexible budget for 5,500, 7,500, and...
Suppose a firm has issued 100 shares and pays out dividends in the amount of $150 on first period earnings, $165 on second period earnings and $175 on third period earnings. The firm ceases to exist...
Pablo Company is considering buying a machine that will yield income of $ 2 , 8 0 0 and net cash flow of $ 1 5 , 0 0 0 per year for three years. The machine costs $ 4 6 , 8 0 0 and has an estimated $...
Alteran Corporation purchased office equipment for $2.0 million at the beginning of 2022. The equipment is being depreciated over a 10-year life using the double-declining-balance method. The...
Find the direction cosines of a line which makes equal angles with the coordinate axes.
Outline some of the major problems confronting an international advertiser.
If retailers such as Wal-Mart and Target find that inventories are rapidly being depleted, would it have been caused by a rightward or leftward change in the aggregate demand curve? What are the...
How does a technological advance that increases the efficiency of shoe production affect the production possibilities curve between shoes and pizza? Is it possible to produce more shoes and pizza or...
The U.S. Justice Department has been worried that the nations four largest air carriersDelta, Northwest, American, and Uniteduse low prices to limit competition at the busiest airports. Predatory...
The control volume shown in Figure $P 2.15$ has steady, incompressible flow, and all properties are uniform at the inlet and outlet. For $u_{1}=1.256 \mathrm{MJ} / \mathrm{kg}$ and...
(a) List the forces exerted on the spring-cart system of Figure 15.1 right after it is released, and draw a freebody diagram for each object in the system. (b) Which of these forces do work on the...
(a) In Figure 15.2e, the cart's displacement from the equilibrium position is maximum. Is the $x$ component of the cart's acceleration at that instant positive, negative, or zero? (b) At which...

Monopolistic competition differs from perfect competition primarily because _________________. A . In monopolistic competition, industry produces all

Question:

Expert Answer:

The detailed answer for the above question is provided belo... View the full answer

Exploring Economics

Students also viewed these economics questions