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

Author Question: The feature that distinguishes monopolistic competition from perfect competition is that ... (Read 128 times)

RODY.ELKHALIL

  • Hero Member
  • *****
  • Posts: 591
on: Apr 19, 2019

Question 1

Firms gain control over price in monopolistic competition by


◦ blocking entry of other firms into the industry.
◦ producing a product for which there are no close substitutes.
◦ differentiating their products.
◦ colluding with other firms to set prices.

Question 2

The feature that distinguishes monopolistic competition from perfect competition is that monopolistically competitive firms are


◦ large relative to the market.
◦ price takers.
◦ able to block the entry of other firms.
◦ able to differentiate their products.
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by RODY.ELKHALIL on Apr 19, 2019

Smiles0805

  • Sr. Member
  • ****
  • Posts: 305
Reply #1 on: Apr 19, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 29% of students answer this correctly


RODY.ELKHALIL

  • Hero Member
  • *****
  • Posts: 591
Reply #2 on: Apr 19, 2019
Excellent


Smiles0805

  • Sr. Member
  • ****
  • Posts: 305
Reply #3 on: Apr 19, 2019
Great! Please up vote :D


« previous next »
 

Did you know?

Approximately 15–25% of recognized pregnancies end in miscarriage. However, many miscarriages often occur before a woman even knows she is pregnant.

Did you know?

Adult head lice are gray, about ? inch long, and often have a tiny dot on their backs. A female can lay between 50 and 150 eggs within the several weeks that she is alive. They feed on human blood.

Did you know?

A strange skin disease referred to as Morgellons has occurred in the southern United States and in California. Symptoms include slowly healing sores, joint pain, persistent fatigue, and a sensation of things crawling through the skin. Another symptom is strange-looking, threadlike extrusions coming out of the skin.

Did you know?

Hippocrates noted that blood separates into four differently colored liquids when removed from the body and examined: a pure red liquid mixed with white liquid material with a yellow-colored froth at the top and a black substance that settles underneath; he named these the four humors (for blood, phlegm, yellow bile, and black bile).

Did you know?

The immune system needs 9.5 hours of sleep in total darkness to recharge completely.

Influence of abiotic factors on competition between T. castaneum and T. confusum. Influence of abiotic factors on competition between T. castaneum and T. confusum.
The frequency of competition according to the number of species involved. The frequency of competition according to the number of species involved.
Base pairing with target RNAs distinguishes miRNA and siRNA Base pairing with target RNAs distinguishes miRNA and siRNA
Measuring the Activity of Feature Detection Cells Measuring the Activity of Feature Detection Cells
Biking competition in the park Biking competition in the park
Lastlings - Perfect World (Official Music Video) Lastlings - Perfect World (Official Music Video)
Video: Cytotoxic T cell receptors, activation, proliferation, differentiation & action

For a complete list of videos, visit our video library