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Author Question: In monopolistic competition, firms can have some market power (Read 38 times)

cabate

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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
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Marked as best answer by cabate on Apr 19, 2019

scrocafella

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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.
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cabate

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Reply 2 on: Apr 19, 2019
Great answer, keep it coming :)

LegendaryAnswers

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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