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 139 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
YES! Correct, THANKS for helping me on my review

tuate

  • Member
  • Posts: 332
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

In the United States, an estimated 50 million unnecessary antibiotics are prescribed for viral respiratory infections.

Did you know?

For high blood pressure (hypertension), a new class of drug, called a vasopeptidase blocker (inhibitor), has been developed. It decreases blood pressure by simultaneously dilating the peripheral arteries and increasing the body's loss of salt.

Did you know?

Automated pill dispensing systems have alarms to alert patients when the correct dosing time has arrived. Most systems work with many varieties of medications, so patients who are taking a variety of drugs can still be in control of their dose regimen.

Did you know?

In 1835 it was discovered that a disease of silkworms known as muscardine could be transferred from one silkworm to another, and was caused by a fungus.

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.

The different types of competition in nature. The different types of competition in nature.
A Need for Improved Water-Use Efficiency in Plants A Need for Improved Water-Use Efficiency in Plants
Mechanisms of action of antiepileptic drugs that affect GABA. Mechanisms of action of antiepileptic drugs that affect GABA.
Oil supply and prices affect the economies of nations Oil supply and prices affect the economies of nations
Tuition Costs Tuition Costs
European swimming competition European swimming competition
Video: Gastrulation: cross section of the frog

For a complete list of videos, visit our video library