This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: In monopolistic competition, firms can have some market power (Read 42 times)

cabate

  • Hero Member
  • *****
  • Posts: 537
on: Apr 19, 2019

Question 1

Which of the following features distinguishes monopolistically competitive firms from monopolies and oligopolies?


◦ Monopolistically competitive firms cannot influence market price by virtue of their size alone while monopolies and oligopolies can.
◦ Monopolistically competitive firms are not constrained by market demand while monopolies and oligopolies are.
◦ Monopolistically competitive firms are price takers while monopolies and oligopolies are not.
◦ Monopolistically competitive firms sell a homogeneous product while monopolies and oligopolies sell a differentiated product.

Question 2

In monopolistic competition, firms can have some market power


◦ by virtue of size alone.
◦ by producing differentiated products.
◦ because of barriers to entry into the industry.
◦ because of barriers to exit from the industry.
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by cabate on Apr 19, 2019

scrocafella

  • Sr. Member
  • ****
  • Posts: 346
Reply #1 on: Apr 19, 2019
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.
Answer Preview
Only 56% of students answer this correctly


cabate

  • Member
  • Posts: 537
Reply 2 on: Apr 19, 2019
YES! Correct, THANKS for helping me on my review

parshano

  • Member
  • Posts: 333
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

Of the estimated 2 million heroin users in the United States, 600,000–800,000 are considered hardcore addicts. Heroin addiction is considered to be one of the hardest addictions to recover from.

Did you know?

Though newer “smart” infusion pumps are increasingly becoming more sophisticated, they cannot prevent all programming and administration errors. Health care professionals that use smart infusion pumps must still practice the rights of medication administration and have other professionals double-check all high-risk infusions.

Did you know?

The largest baby ever born weighed more than 23 pounds but died just 11 hours after his birth in 1879. The largest surviving baby was born in October 2009 in Sumatra, Indonesia, and weighed an astounding 19.2 pounds at birth.

Did you know?

Approximately one in three babies in the United States is now delivered by cesarean section. The number of cesarean sections in the United States has risen 46% since 1996.

Did you know?

On average, someone in the United States has a stroke about every 40 seconds. This is about 795,000 people per year.

Succession in the intertidal zone involves colonization and competition for limited space among spec Succession in the intertidal zone involves colonization and competition for limited space among spec
Mitochondria known as power house of the cell Mitochondria known as power house of the cell
The Power and Control Wheels of Abusive Relationships When one person in a relationship repeatedly ... The Power and Control Wheels of Abusive Relationships When one person in a relationship repeatedly ...
A slave market in Marrakesh, Morocco. This lithograph is from the 1800s. A slave market in Marrakesh, Morocco. This lithograph is from the 1800s.
Power in the United States: The Model Proposed by C. Wright Mills Power in the United States: The Model Proposed by C. Wright Mills
Competitive firms and maximization Competitive firms and maximization
Video: What Are Carbohydrates? Importance of Carbs & High Carb Food

For a complete list of videos, visit our video library