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Author Question: Which of the following statements is true for an industry that is monopolistically competitive? (Read 21 times)

xxxxxxxxxxxx

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on: Oct 12, 2022

Question 1

In Canada, concentration ratios are highest in which of the following industries?
◦ petroleum and coal products
◦ machinery
◦ mining
◦ tobacco products
◦ clothing

Question 2

Which of the following statements is true for an industry that is monopolistically competitive?
◦ Firms do not have any price-setting ability because the product is homogeneous.
◦ Firms can charge slightly different prices even though they produce identical goods.
◦ Firms set prices and are constrained by the existence of close substitutes for their product.
◦ Only one firm is present in the industry.
◦ Firms set prices without any threat of competition.
Microeconomics ¦ Ragan ¦ 17th Edition
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Marked as best answer by xxxxxxxxxxxx on Oct 12, 2022

latoyia.cook

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Reply #1 on: Oct 12, 2022
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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xxxxxxxxxxxx

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Reply 2 on: Oct 12, 2022
Great answer, keep it coming :)

Liamb2179

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Reply 3 on: Yesterday
Excellent

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