Author Question: Which of the following is a characteristic of monopolistic competition? A) The actions of one ... (Read 39 times)

elizabeth18

  • Hero Member
  • *****
  • Posts: 559
Which of the following is a characteristic of monopolistic competition?
 
  A) The actions of one firm affect all the other firms.
  B) Any one company has little or no influence on price.
  C) A very few companies dominate the market.
  D) Customers have few viable substitutes available and because of this, are less responsive to changes in price.
  E) Firms have the ability to differentiate their products from competitors.

Question 2

Bargaining power refers to ________.
 
  A) the process of choosing to sell new products in completely new markets
  B) the firm's ability to create new products and sell these to the existing customers
  C) the ability of the firm to differentiate its products from competitors' products
  D) the degree of influence that a producer or consumer has in influencing what the selling price will be
  E) the resources and capabilities that allow a firm to grow in the future by making new products or selling to new customers



kthug

  • Sr. Member
  • ****
  • Posts: 332
Answer to Question 1

E

Answer to Question 2

D



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Fatal fungal infections may be able to resist newer antifungal drugs. Globally, fungal infections are often fatal due to the lack of access to multiple antifungals, which may be required to be utilized in combination. Single antifungals may not be enough to stop a fungal infection from causing the death of a patient.

Did you know?

Every flu season is different, and even healthy people can get extremely sick from the flu, as well as spread it to others. The flu season can begin as early as October and last as late as May. Every person over six months of age should get an annual flu vaccine. The vaccine cannot cause you to get influenza, but in some seasons, may not be completely able to prevent you from acquiring influenza due to changes in causative viruses. The viruses in the flu shot are killed—there is no way they can give you the flu. Minor side effects include soreness, redness, or swelling where the shot was given. It is possible to develop a slight fever, and body aches, but these are simply signs that the body is responding to the vaccine and making itself ready to fight off the influenza virus should you come in contact with it.

Did you know?

Human stomach acid is strong enough to dissolve small pieces of metal such as razor blades or staples.

Did you know?

Immunoglobulin injections may give short-term protection against, or reduce severity of certain diseases. They help people who have an inherited problem making their own antibodies, or those who are having certain types of cancer treatments.

Did you know?

According to animal studies, the typical American diet is damaging to the liver and may result in allergies, low energy, digestive problems, and a lack of ability to detoxify harmful substances.

For a complete list of videos, visit our video library