Monopolistic competition differs from ________. A. Monopoly because firms cannot set their own price B. Oligopoly because
Question:
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 goods or services produced are differentiated
D. Monopoly because the good produced by each firm has no close substitute
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 70% (10 reviews)
c describes the k...View the full answer
Answered By
Dorcas Juliet
I am a proficient tutor and writer with over 4 years experience, I can deliver A+ works in all fields related to business and economics subject. Kindly hire me for excellent papers
4.70+
10+ Reviews
51+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
A firm under monopoly or oligopoly that aims to maximize sales revenue will tend to produce more than a firm that aims to maximize profits. Does this conclusion also apply under (a) perfect...
-
Firms 1 and 2 produce differentiated goods. Firm 1s inverse demand function is p1 = 260 2q1 q2, while Firm 2s inverse demand function is p2 = 260 2q2 q1. Each firm has a constant marginal cost of...
-
Because industry X is characterized by perfect competition, every firm in the industry is earning zero economic profit. If the product price falls, no firms can survive. Do you agree or disagree?...
-
Determine the largest force P that can be exerted at the jaws of the punch without exceeding a stress of 16 ksi on section m-n of the frame.
-
1. What are some key success factors in diamond retailing? How do Blue Nile, Zales, and Tiffany compare on those dimensions? 2. What do you think of the fact that Blue Nile carries about 30,000...
-
If the Treasury pays a large bill to defense contractors and as a result its deposits with the Fed fall, what defensive open market operations will the manager of the open market desk undertake?
-
Which of the following issues is most central to the field of organizational behavior? (a) ways to improve advertising for a new product (b) ways to increase job satisfaction and performance among...
-
Ralph Henwood was paid a salary of $64,600 during 20-- by Odesto Company. In addition, during the year Henwood started his own business as a public accountant and reported a net business income of...
-
Question 5 0/1 pt 299 Details 3 y Suppose the graphs of y = = x + bx 4x - 10x - 9 and 21 intersect at x = 2. Find all intersection points. (Enter your answer(s) as ordered pairs, separated by commas)
-
Drysdale Co. (a U.S. firm) is considering a new project that would result in cash flows of 5 million Argentine pesos in one year under the most likely economic and political conditions. The spot rate...
-
Use Figure 17.6, which shows the demand curve, marginal revenue curve, and cost curves of La Bella Pizza, a firm in monopolistic competition, to work Problems. What is the quantity that La Bella...
-
Read Eye on Smartphones and then think about the ice cream market. Washtenaw Dairy in Ann Arbor, Michigan, sells 63 flavors of Strohs Mooneys ice cream, and Ben and Jerrys Web site also lists 63...
-
Capital budgeting methods, no income taxes. Riverbend Company runs hardware stores in a tri-state area. Riverbends management estimates that if it invests $160,000 in a new computer system, it can...
-
Draw a class diagram for the following code. Your diagram must include the classes, their attributes, visibility (private/public), methods, association, generalization, aggregation, and multiplicity...
-
Gibson manufacturing established the following standard price and cost data Sales price $8.90 per unit Variable manufacturing cost $4.00 per unit fixed manufacturing cost $2,400 total fixed selling...
-
What are 2 ways in which a company's STOCKHOLDER'S EQUITY would be increased. 2). Discuss the differences between a) authorized shares, b) issued shares, and c) outstanding shares. 3). What is...
-
Logan Logistics Ltd. has a fleet of delivery vehicles that are traded in when they reach 400,000 km. Truck #3846 is traded in for a new identical model #9929. The accounting records show the...
-
You are ready to buy a house, and you have $20,000 for a down payment and closing costs. Closing costs are estimated to be 4% of the loan value. You have an annual salary of $48000 (monthly income...
-
Joliver, a renowned pastry chef employed at a four-star hotel, has decided to open his own exclusive pastry shop. He has $100,000 to invest and the information he has obtained is as follows: There...
-
Parkin Industries, a U.S. company, acquired a wholly-owned subsidiary, located in Italy, at the beginning of the current year, for 200,000. The subsidiary's functional currency is the euro. The...
-
Some events occur and the economy experiences a demand-pull inflation. What might those events have been? Describe their initial effects and explain how a demand-pull inflation spiral results. The...
-
High Food and Energy Prices Here to Stay On top of rising energy prices, a severe drought, bad harvests, and a poor monsoon season in Asia have sent grain prices soaring. Globally, this is the third...
-
Why might the Bank of Canada decide to lower the overnight rate in 2015? At the end of 2009, the unemployment rate was 8.3 percent, the inflation rate was 0.8 percent, and the overnight loans rate...
-
Transaction [4 points] On March 1, fixtures and equipment were purchased for $4,500 with a downpayment of $1,000 and a $3,500 note, payable in one year. Interest of 5% per year was due when the note...
-
Burr Industries has the following events transpire in June of 2022: Event Details Buy Inventory: Buy 6,000 units of inventory for $6/unit on credit. Sell Inventory: Sell 4,765 units of inventory for...
-
to ensure receiables are not overstated on the statement of financial position, they ate reported a. at gross amount b. less interest revenue, if any c. plus bank charges expense, if any d. at their...
Study smarter with the SolutionInn App