Homework Answers
1) Solution: A large number of firms
Explanation: There are numerous buyers and sellers in the perfectly
competitive market
2) Solution: High barriers to entry
Explanation: In the perfectly competitive market there are no
barriers to entry into or exit out.
3) Solution: Reduces the economic losses of remaining firms in
the market
Explanation: In the market exit of firms decreases the economic
losses for the remaining firms
Add Answer to:
please i need answers to these questions thank you
Which of the following is characteristic of...
1. Which of the following is NOT a characteristic of a monopolistically competitive market?
1. Which of the following is NOT a characteristic of a monopolistically competitive market?A. many sellers.B. differentiated products.C. long-run economic profits.D. free entry and exit.2. Which of the following products is likely to be sold in a monopolistically competitive market?A. video games.B. breakfast cereal.E. beer.D. all of the above.3. Which of the following is true regarding the similarities and differences in monopolistic competition and monopoly?A. The monopolist faces a downward-sloping demand curve while the monopolistic competitor faces an elastic demand...
Please help with these questions Question 5 0.4 pts Which of the following lists three main...
Please help with these questions
Question 5 0.4 pts Which of the following lists three main characteristics of a competitive market? many buyers and few sellers, similar products, easy entry into the market O many buyers and sellers, differentiated products, easy entry into the market many buyers and few sellers, unique products, barriers to entry into the market O many buyers and sellers, similar products, barriers to entry into the market O many buyers and sellers, similar products, easy entry...
Which is not a characteristic of a competitive market? a large number of firms offering similar...
Which is not a characteristic of a competitive market? a large number of firms offering similar products O Firms have some degree of control over prices. O no product differentiation between firms little or no barriers to entry Question 2 of 21 > Classify each market characteristic as being a trait of competitive markets, monopolistically competitive markets, or both market structures. Competitive Markets Monopolistically Competitive Markets Both Market Structures Answer Bank No one buyer or seller can control prices Few,...
In which of the following types of markets does a single firm have the most market...
In which of the following types of markets does a single firm have the most market power? Multiple Choice Perfect competition. Monopolistic competition. Oligopoly Monopoly A perfectly competitive firm is a price taker because Multiple Choice The price of the product is determined by many buyers and sellers It has market power. Market supply is upward-sloping. Its products are differentiated. Competitive firms cannot individually affect market price because Multiple Choice There is an infinite demand for their goods. Demand is...
Which of the following is not a characteristic of a monopolistically competitive market structure? A.) Each firm...
Which of the following is not a characteristic of a monopolistically competitive market structure? A.) Each firm must react to actions of other firms. B.) There are low barriers to entry of new firms. C.) There is a large number of independently acting small sellers. D.) All sellers sell products that are differentiated.
can you please help me with these problems . microeconomics 0/1.21 pts ed Question 80 The practice of setting prices deliberately below pricing. costs in an eff...
can you please help me with these problems .
microeconomics
0/1.21 pts ed Question 80 The practice of setting prices deliberately below pricing. costs in an effort to drive a competitor out of the market is known as predatory average variable O average fixed explicit average total marginal 0/1.21 pts wered Question 78 0/1.21 An example of a tying arrangement is a restaurant offering both Pepsi and Coca-Cola products. a car manufacturer installing expensive onboard GPS/navigation systems in all the...
Which choice is not a characteristic of a competitive market? O firms sell similar products O...
Which choice is not a characteristic of a competitive market? O firms sell similar products O firms have some degree of control over prices O little or no barriers to entry O a large number of firms offering similar products
Please answer the 3 following questions: QUESTION 3 Which of the following is NOT a characteristic...
Please answer the 3 following questions:
QUESTION 3 Which of the following is NOT a characteristic of firms in a monopolistically competitive market? O advertising differentiated products existence of significant economies of scale o ease of entry and exit QUESTION 4 For a firm that sells an information product, the long-run equilibrium exists at a point at which economic profits are O negative. zero. O positive. dependent upon the particular product. QUESTION 5 Advertising intended to reach as many consumers...
QUESTION 1 Which of the following is always a characteristic of the oligopoly market structure? Many...
QUESTION 1 Which of the following is always a characteristic of the oligopoly market structure? Many sellers, each small in size relative to the overall market. Few sellers. All sellers produce identical products. Easy, low-cost entry and exit. QUESTION 2 The industry that most closely approximates the conditions of the oligopoly model is: Restaurant. Retail clothing. Airlines in the U.S. The local cable company. QUESTION 3 In which of the following market structures must the price and output decisions of...
Which of the following is NOT a characteristic of an oligopoly? O firms must consider the...
Which of the following is NOT a characteristic of an oligopoly? O firms must consider the actions of their rivals O there are no barriers to entry O products are differentiated O firms have the ability to influence prices
Please help with these questions
Question 5 0.4 pts Which of the following lists three main characteristics of a competitive market? many buyers and few sellers, similar products, easy entry into the market O many buyers and sellers, differentiated products, easy entry into the market many buyers and few sellers, unique products, barriers to entry into the market O many buyers and sellers, similar products, barriers to entry into the market O many buyers and sellers, similar products, easy entry...
Which is not a characteristic of a competitive market? a large number of firms offering similar products O Firms have some degree of control over prices. O no product differentiation between firms little or no barriers to entry Question 2 of 21 > Classify each market characteristic as being a trait of competitive markets, monopolistically competitive markets, or both market structures. Competitive Markets Monopolistically Competitive Markets Both Market Structures Answer Bank No one buyer or seller can control prices Few,...
In which of the following types of markets does a single firm have the most market power? Multiple Choice Perfect competition. Monopolistic competition. Oligopoly Monopoly A perfectly competitive firm is a price taker because Multiple Choice The price of the product is determined by many buyers and sellers It has market power. Market supply is upward-sloping. Its products are differentiated. Competitive firms cannot individually affect market price because Multiple Choice There is an infinite demand for their goods. Demand is...
can you please help me with these problems .
microeconomics
0/1.21 pts ed Question 80 The practice of setting prices deliberately below pricing. costs in an effort to drive a competitor out of the market is known as predatory average variable O average fixed explicit average total marginal 0/1.21 pts wered Question 78 0/1.21 An example of a tying arrangement is a restaurant offering both Pepsi and Coca-Cola products. a car manufacturer installing expensive onboard GPS/navigation systems in all the...
Which choice is not a characteristic of a competitive market? O firms sell similar products O firms have some degree of control over prices O little or no barriers to entry O a large number of firms offering similar products
Please answer the 3 following questions:
QUESTION 3 Which of the following is NOT a characteristic of firms in a monopolistically competitive market? O advertising differentiated products existence of significant economies of scale o ease of entry and exit QUESTION 4 For a firm that sells an information product, the long-run equilibrium exists at a point at which economic profits are O negative. zero. O positive. dependent upon the particular product. QUESTION 5 Advertising intended to reach as many consumers...
Which of the following is NOT a characteristic of an oligopoly? O firms must consider the actions of their rivals O there are no barriers to entry O products are differentiated O firms have the ability to influence prices
Most questions answered within 3 hours.
-
Based on historical data, your team knows what proportion of the
company's orders come from Males...
asked 6 minutes ago -
8. Which of the following atoms has the largest magnitude
electron affinity?
(a) Sodium (Na)
(b)...
asked 9 minutes ago -
Assess the two types of tests of cognitive abilities. (
regarding HR course)
asked 14 minutes ago -
1.Write an inspiring vision statement for an organization where
you work or have worked. If the...
asked 15 minutes ago -
2. Is fair trade coffee sustainable for the mass market,
or is it a niche product...
asked 16 minutes ago -
Please answer this asap in MATLAB.
In the following for loop, the the loop is executed...
asked 28 minutes ago -
A 50.0-g golf ball is driven from the tee with an initial speed
of 44.6 m/s...
asked 23 minutes ago -
Use the molar concentration of the 50 mL solution to calculate
the moles of Cr(III) in...
asked 25 minutes ago -
Calculate the molarity of Fe3+ in solution A.
Solution A: 10 mL of 0.0600 M Fe(No3)3 ...
asked 34 minutes ago -
two dogs pull 2 strings horizontally which are tied to a sleigh.
the angle between the...
asked 35 minutes ago -
please write a paper about any ethical violation based on the
case study Stanford's Prison Experiment....
asked 56 minutes ago -
What is the advantage of considering each of the
following in calculating the work done by...
asked 1 hour ago