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Author Question: The main difference between perfect competition and monopolistic competition is: a. The number of ... (Read 47 times)

cherise1989

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on: Jul 1, 2018
The main difference between perfect competition and monopolistic competition is:
 a. The number of sellers in the market
  b. The ease of entry and exit in the industry
  c. The degree of information about market price
  d. The degree of product differentiation
  e. Whether it is the short run or the long run

Question 2

Vertical contracts between manufacturers and retailers often aim to
 a. Incentivize the manufacturers to undertake costly activities, which they otherwise may not realize the full benefits of on their own
  b. Reward the manufacturers for undertaking the risk inherent in introducing a new product
 c. Serve as a signal of the manufacturer's belief of the likely success of his product
 d. All of the above


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shaikhs

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Reply #1 on: Jul 1, 2018
Answer to Question 1

d

Answer to Question 2

c


cherise1989

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Reply 2 on: Jul 1, 2018
YES! Correct, THANKS for helping me on my review

DylanD1323

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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