« previous next »

Author Question: Which of the following describes monopolistic competition? A) homogeneous products B) P = MR = ... (Read 17 times)

s.tung

  • Hero Member
  • *****
  • Posts: 577
on: Jun 29, 2018
Which of the following describes monopolistic competition?
 
  A) homogeneous products
  B) P = MR = MC
  C) Advertising plays a key role.
  D) There is only one seller in the industry.

Question 2

According to the above table, the four-firm concentration ratio of this industry is
 
  A) 69.2 percent.
  B) 35.1 percent.
  C) 66.7 percent.
  D) 67.5 percent.


Liamb2179

  • Sr. Member
  • ****
  • Posts: 365
Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

A


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

In 1844, Charles Goodyear obtained the first patent for a rubber condom.

Did you know?

Cytomegalovirus affects nearly the same amount of newborns every year as Down syndrome.

Did you know?

Your skin wrinkles if you stay in the bathtub a long time because the outermost layer of skin (which consists of dead keratin) swells when it absorbs water. It is tightly attached to the skin below it, so it compensates for the increased area by wrinkling. This happens to the hands and feet because they have the thickest layer of dead keratin cells.

Did you know?

Today, nearly 8 out of 10 pregnant women living with HIV (about 1.1 million), receive antiretrovirals.

Did you know?

An identified risk factor for osteoporosis is the intake of excessive amounts of vitamin A. Dietary intake of approximately double the recommended daily amount of vitamin A, by women, has been shown to reduce bone mineral density and increase the chances for hip fractures compared with women who consumed the recommended daily amount (or less) of vitamin A.

J. P. Morgan, the financial genius, staved off ruinous competition among steel firms by combining mo J. P. Morgan, the financial genius, staved off ruinous competition among steel firms by combining mo
Filippo Brunelleschi, Sacrifice of Isaac, competition relief commissioned for the doors of the ... Filippo Brunelleschi, Sacrifice of Isaac, competition relief commissioned for the doors of the ...
Liquid Formulations of Herbal Products Liquid Formulations of Herbal Products
In a homogeneous enzyme immunoassay, antibody bound to the hapten conjugated to the enzyme prevents ... In a homogeneous enzyme immunoassay, antibody bound to the hapten conjugated to the enzyme prevents ...
Sex Hormone Products Sex Hormone Products
Products of Protein Breakdown Products of Protein Breakdown
Video: Primary Active Transport - electrochemical gradient and ion transport / water movement

For a complete list of videos, visit our video library