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

Author Question: Explain how selling costs in monopolistic competition affect the efficiency of monopolistic ... (Read 123 times)

drink

  • Hero Member
  • *****
  • Posts: 554
on: Jun 29, 2018
Explain how selling costs in monopolistic competition affect the efficiency of monopolistic competition.
 
  What will be an ideal response?

Question 2

All of the following are programs that redistribute income by making direct payments to people in the lower part of the income distribution EXCEPT
 
  A) social security programs.
  B) welfare programs.
  C) Individual Retirement Accounts.
  D) unemployment compensation.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

phuda

  • Sr. Member
  • ****
  • Posts: 348
Reply #1 on: Jun 29, 2018
Answer to Question 1

The additional selling costs from product differentiation and marketing increase consumer choice by providing variety. This benefits society and weighs in favor of the efficiency of monopolistic competition. However, selling costs can add to the product's price. Also, at times the product differentiation is more apparent than real. These factors harm society and count against the efficiency of monopolistic competition.

Answer to Question 2

C


drink

  • Member
  • Posts: 554
Reply 2 on: Jun 29, 2018
YES! Correct, THANKS for helping me on my review

carojassy25

  • Member
  • Posts: 299
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

The first war in which wide-scale use of anesthetics occurred was the Civil War, and 80% of all wounds were in the extremities.

Did you know?

Elderly adults are living longer, and causes of death are shifting. At the same time, autopsy rates are at or near their lowest in history.

Did you know?

A serious new warning has been established for pregnant women against taking ACE inhibitors during pregnancy. In the study, the risk of major birth defects in children whose mothers took ACE inhibitors during the first trimester was nearly three times higher than in children whose mothers didn't take ACE inhibitors. Physicians can prescribe alternative medications for pregnant women who have symptoms of high blood pressure.

Did you know?

The lipid bilayer is made of phospholipids. They are arranged in a double layer because one of their ends is attracted to water while the other is repelled by water.

Did you know?

Anesthesia awareness is a potentially disturbing adverse effect wherein patients who have been paralyzed with muscle relaxants may awaken. They may be aware of their surroundings but unable to communicate or move. Neurologic monitoring equipment that helps to more closely check the patient's anesthesia stages is now available to avoid the occurrence of anesthesia awareness.

A stallion with a proven competition record is one criterion for being a suitable sire. A stallion with a proven competition record is one criterion for being a suitable sire.
Richard Wrangham’s “female-bonded” theory of intergroup competition was highly influential in our un Richard Wrangham’s “female-bonded” theory of intergroup competition was highly influential in our un
How to solve any percent efficiency problem How to solve any percent efficiency problem
Regional differences affect soil fertility Regional differences affect soil fertility
European swimming competition European swimming competition
Please fully explain in detail Please fully explain in detail
Video: Stroke volume

For a complete list of videos, visit our video library