This topic contains a solution. Click here to go to the answer

Author Question: One prediction about monopolistic competition as a market structure is that it has higher unit costs ... (Read 59 times)

Ethanolson3

  • Full Member
  • ***
  • Posts: 146

Question 1

Which of the following refers to products that differ from each other enough that they can be sold at different prices, but are similar enough that they can be considered the same product?
◦ necessary products
◦ standardized products
◦ complementary products
◦ differentiated products
◦ inferior products

Question 2

One prediction about monopolistic competition as a market structure is that it has higher unit costs than perfect competition. But it is unreasonable to conclude that monopolistic competition is therefore bad for consumers because
◦ consumers benefit from products becoming more homogeneous.
◦ higher production costs means more employment.
◦ consumers benefit from lower prices.
◦ consumers benefit because of an increase in quantity available.
◦ consumers benefit from an increased variety of products.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by Ethanolson3 on Oct 12, 2022

leilani49

  • Full Member
  • ***
  • Posts: 185
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 59% of students answer this correctly




Ethanolson3

  • Member
  • Posts: 146
Reply 2 on: Oct 12, 2022
Wow, this really help


bitingbit

  • Member
  • Posts: 323
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

Did you know?

Less than one of every three adults with high LDL cholesterol has the condition under control. Only 48.1% with the condition are being treated for it.

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.

Did you know?

During the twentieth century, a variant of the metric system was used in Russia and France in which the base unit of mass was the tonne. Instead of kilograms, this system used millitonnes (mt).

Did you know?

Aspirin is the most widely used drug in the world. It has even been recognized as such by the Guinness Book of World Records.

Did you know?

The Babylonians wrote numbers in a system that used 60 as the base value rather than the number 10. They did not have a symbol for "zero."

For a complete list of videos, visit our video library