This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Explain how selling costs in monopolistic competition affect the efficiency of monopolistic ... (Read 57 times)

drink

  • Hero Member
  • *****
  • Posts: 554
on: Jun 29, 2018
Explain how selling costs in monopolistic competition affect the efficiency of monopolistic competition.
 
  What will be an ideal response?

Question 2

All of the following are programs that redistribute income by making direct payments to people in the lower part of the income distribution EXCEPT
 
  A) social security programs.
  B) welfare programs.
  C) Individual Retirement Accounts.
  D) unemployment compensation.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

phuda

  • Sr. Member
  • ****
  • Posts: 348
Reply #1 on: Jun 29, 2018
Answer to Question 1

The additional selling costs from product differentiation and marketing increase consumer choice by providing variety. This benefits society and weighs in favor of the efficiency of monopolistic competition. However, selling costs can add to the product's price. Also, at times the product differentiation is more apparent than real. These factors harm society and count against the efficiency of monopolistic competition.

Answer to Question 2

C


drink

  • Member
  • Posts: 554
Reply 2 on: Jun 29, 2018
Wow, this really help

irishcancer18

  • Member
  • Posts: 310
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

Essential fatty acids have been shown to be effective against ulcers, asthma, dental cavities, and skin disorders such as acne.

Did you know?

Cucumber slices relieve headaches by tightening blood vessels, reducing blood flow to the area, and relieving pressure.

Did you know?

Amoebae are the simplest type of protozoans, and are characterized by a feeding and dividing trophozoite stage that moves by temporary extensions called pseudopodia or false feet.

Did you know?

Many of the drugs used by neuroscientists are derived from toxic plants and venomous animals (such as snakes, spiders, snails, and puffer fish).

Did you know?

When taking monoamine oxidase inhibitors, people should avoid a variety of foods, which include alcoholic beverages, bean curd, broad (fava) bean pods, cheese, fish, ginseng, protein extracts, meat, sauerkraut, shrimp paste, soups, and yeast.

Energy costs of locomotion. Energy costs of locomotion.
Succession in the intertidal zone involves colonization and competition for limited space among spec Succession in the intertidal zone involves colonization and competition for limited space among spec
A stallion with a proven competition record is one criterion for being a suitable sire. A stallion with a proven competition record is one criterion for being a suitable sire.
A pharmacist can explain to a patient why medication may look different and ensure the correct ... A pharmacist can explain to a patient why medication may look different and ensure the correct ...
Regional differences affect soil fertility Regional differences affect soil fertility
Selling Today: Partnering to Create Value (Manning/Ahearne/Reece) Selling Today: Partnering to Create Value (Manning/Ahearne/Reece)
Video: Types of Burns

For a complete list of videos, visit our video library