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Author Question: One of the assumptions of monopolistic competition is that firms produce differentiated products. ... (Read 346 times)

amal

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on: Jun 29, 2018
One of the assumptions of monopolistic competition is that firms produce differentiated products. What does this assumption imply about the demand curve facing a representative firm?
 
  What will be an ideal response?

Question 2

Peet's Coffee and Teas produces some flavorful varieties of Peet's brand coffee. Is Peet's a monopoly?
 
  A) No, Peet's is not a monopoly because there are many branches of Peet's.
  B) Yes, Peet's is the only supplier of Peet's coffee in a market where there are high barriers to entry.
  C) Yes, there are no substitutes to Peet's coffee.
  D) No, although Peet's coffee is a unique product, there are many different brands of coffee that are very close substitutes.
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Kjones0604

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Reply #1 on: Jun 29, 2018
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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amal

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Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

nathang24

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Reply 3 on: Yesterday
Excellent

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