« previous next »

Author Question: Which of the following describes monopolistic competition? A) homogeneous products B) P = MR = ... (Read 67 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?

About 80% of major fungal systemic infections are due to Candida albicans. Another form, Candida peritonitis, occurs most often in postoperative patients. A rare disease, Candida meningitis, may follow leukemia, kidney transplant, other immunosuppressed factors, or when suffering from Candida septicemia.

Did you know?

The B-complex vitamins and vitamin C are not stored in the body and must be replaced each day.

Did you know?

Disorders that may affect pharmacodynamics include genetic mutations, malnutrition, thyrotoxicosis, myasthenia gravis, Parkinson's disease, and certain forms of insulin-resistant diabetes mellitus.

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.

Did you know?

Each year in the United States, there are approximately six million pregnancies. This means that at any one time, about 4% of women in the United States are pregnant.

Competition among Paramecium species. Competition among Paramecium species.
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
Selected Natural Products Selected Natural Products
Nurses should teach lactating women to avoid all drugs, herbal products, or dietary supplements ... Nurses should teach lactating women to avoid all drugs, herbal products, or dietary supplements ...
Indications for Blood Products Indications for Blood Products
Acid products of metabolism of ethylene glycol and methanol Acid products of metabolism of ethylene glycol and methanol
Video: Carbon fixing adaptations Animation

For a complete list of videos, visit our video library