« previous next »

Author Question: Which of the following is NOT a feature of monopolistic competition? A) significant numbers of ... (Read 83 times)

Kikoku

  • Hero Member
  • *****
  • Posts: 540
on: Jun 29, 2018
Which of the following is NOT a feature of monopolistic competition?
 
  A) significant numbers of sellers in a highly competitive market
  B) differentiated products
  C) sales promotion and advertising
  D) inability of firms to enter or exit the market

Question 2

An important characteristic of private goods is
 
  A) the nonexclusion principle.
  B) the principle of rival consumption.
  C) the principle of joint consumption.
  D) the principle of conspicuous consumption.


aliotak

  • Sr. Member
  • ****
  • Posts: 326
Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

B


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Vital signs (blood pressure, temperature, pulse rate, respiration rate) should be taken before any drug administration. Patients should be informed not to use tobacco or caffeine at least 30 minutes before their appointment.

Did you know?

All patients with hyperparathyroidism will develop osteoporosis. The parathyroid glands maintain blood calcium within the normal range. All patients with this disease will continue to lose calcium from their bones every day, and there is no way to prevent the development of osteoporosis as a result.

Did you know?

There used to be a metric calendar, as well as metric clocks. The metric calendar, or "French Republican Calendar" divided the year into 12 months, but each month was divided into three 10-day weeks. Each day had 10 decimal hours. Each hour had 100 decimal minutes. Due to lack of popularity, the metric clocks and calendars were ended in 1795, three years after they had been first marketed.

Did you know?

The top five reasons that children stay home from school are as follows: colds, stomach flu (gastroenteritis), ear infection (otitis media), pink eye (conjunctivitis), and sore throat.

Did you know?

Though methadone is often used to treat dependency on other opioids, the drug itself can be abused. Crushing or snorting methadone can achieve the opiate "rush" desired by addicts. Improper use such as these can lead to a dangerous dependency on methadone. This drug now accounts for nearly one-third of opioid-related deaths.

Competition in a forest can be as intense as competition on a coral reef. However, much of the compe Competition in a forest can be as intense as competition on a coral reef. However, much of the compe
Mutualisms, such as those that occur among plants and pollinators, generally involve large numbers o Mutualisms, such as those that occur among plants and pollinators, generally involve large numbers o
Orangutans are limited to the islands of Sumatra and Borneo, where their numbers are rapidly declini Orangutans are limited to the islands of Sumatra and Borneo, where their numbers are rapidly declini
As their numbers grow and their resources and health improve, the elderly will enjoy life more and ... As their numbers grow and their resources and health improve, the elderly will enjoy life more and ...
How to count for the correct number of significant digits How to count for the correct number of significant digits
Changing Dimensions of the Pregnant Uterus. Numbers Represent Weeks of Gestation Changing Dimensions of the Pregnant Uterus. Numbers Represent Weeks of Gestation
Video: Pores and Ion Channels

For a complete list of videos, visit our video library