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Author Question: Monopolistic competition is similar to perfect competition in that (Read 172 times)

billyboy7272

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on: Oct 12, 2022

Question 1

In a monopolistically competitive industry, the freedom of entry and exit leads to
◦ deficient capacity in the industry.
◦ zero profits in long-run equilibrium.
◦ strategic behaviour with regard to other firms in the industry.
◦ brand proliferation.
◦ a negatively sloped demand curve for the industry.

Question 2

Monopolistic competition is similar to perfect competition in that
◦ each firm faces a horizontal demand curve.
◦ strategic behaviour is common to both market structures.
◦ firms in both types of market structures produce a standardized product.
◦ firms in both types of market structure engage in non-price competition.
◦ neither has significant barriers to entry.
Microeconomics ¦ Ragan ¦ 17th Edition
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Marked as best answer by billyboy7272 on Oct 12, 2022

Tester

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Reply #1 on: Oct 12, 2022
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.
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billyboy7272

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Reply 2 on: Oct 12, 2022
Wow, this really help

Sarahjh

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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