ZuoTi.Pro
Question

Which is NOT a characteristic of monopolistic​ competition? A. few firms in the industry B. independence...

Which is NOT a characteristic of monopolistic​ competition?

A.

few firms in the industry

B.

independence of each​ firm's decisions

C.

lack of collusion among firms

D.

small share of market to each firm

business   economics   
0 0
Add a comment Improve this question Transcribed image text
Next > < Previous
Sort answers by oldest

Homework Answers

Answer #1

A.

few firms in the industry

because there are many small firms under the monopolistic​ competition

the above is answer

0 0
Add a comment
Know the answer?
Add Answer to:
Which is NOT a characteristic of monopolistic​ competition? A. few firms in the industry B. independence...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions

  • Which of the following is not characteristic of monopolistic competition? a. Some market power. b. Many...

    Which of the following is not characteristic of monopolistic competition? a. Some market power. b. Many firms in an industry. c. Firms have zero control over price. d. Low concentration ratios.

  • Which of the following conditions distinguishes monopolistic competition from perfect competition?

    Which of the following conditions distinguishes monopolistic competition from perfect competition? a. the number of sellers in the market b. the freedom of entry and exit by firms in the market c. the size of firms in the market d. product differentiation A monopolistically competitive firm chooses its a. price and quantity just as a monopoly does. b. quantity but faces a horizontal demand curve just as a competitive firm does. c. price but can sell any quantity at the market price just as an oligopoly does. d. price...

  • 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 a typical feature of monopolistic competition? Question 4 0.25 pts 5....

    Which of the following is a typical feature of monopolistic competition? Question 4 0.25 pts 5. Which of the following is a typical feature of monopolistic competition? . A firm's main strategy is to make its products different from its competitors' Successful collusion with other firms of the market is essential for making profit In the long run, each firm produces at its MES The entering of new firms stops only when the accounting profit becomes zero

  • The major difference between monopolistic competition and monopoly is O A. only a firm in monopolistic...

    The major difference between monopolistic competition and monopoly is A. only a firm in monopolistic competition can earn an economic profit in the short run. B. only firms in monopolistic competition are protected by barriers to entryC. only a monopoly can earn an economic profit in the long run. D. how the quantity of output is determined. E. monopoly is a price setter and a firm in monopolistic competition is a price taker.In the long run, firms in monopolistic competition earn zero economic profit...

  • QUESTION 1 Which of the following is not a characteristic of the monopolistic competition market structure?...

    QUESTION 1 Which of the following is not a characteristic of the monopolistic competition market structure? Many sellers, each small in size relative to the overall market. Few sellers. Differentiated product. Easy, low-cost entry and exit. QUESTION 2 Which of the following is the best example of a monopolistic competitor? Wheat farmers. Restaurants. Air Canada. General Motors. QUESTION 3 In the long run, both monopolistic competition and perfect competition result in: a wide variety of brand-name choices for consumers. an...

  • a K notes 7/28 zoom- 1. A characteristic of a perfect competition industry a many firms,...

    a K notes 7/28 zoom- 1. A characteristic of a perfect competition industry a many firms, producing exact same goods b a few firms producing identical goods 2. What are the restrictions to entry in a perfect Competition industry? perfect competitim industry has no restrictions entry 3. For a perfectly competitive firm firm price is a. always less than marginal cost b. equal to marginal revenue c. always greater than marginal cost d. None to

  • Indicate the market structure (monopolistic competition, oligopoly, neither or both) as suggested by the characteristic in...

    Indicate the market structure (monopolistic competition, oligopoly, neither or both) as suggested by the characteristic in the following statement: All firms can enter or exit the industry easily at any time. Question 29 Fill in the blanks: Indicate the market structure (monopolistic competition, oligopoly, neither statement: Economists often use game theory to analyze this type of mark Question 30 Fill in the blanks: Indicate the market structure - monopolistic competition, oligopoly, neither The firm may try to use advertising to...

  • 1. MR = MC=P holds for A. all firms B. monopoly        C. monopolistic competition...

    1. MR = MC=P holds for A. all firms B. monopoly        C. monopolistic competition        D. perfect competition 2. Consumer's surplus is       A. demand price plus equilibrium price        B. supply price above market price       C. demand price plus supply price        D. demand price less equilibrium price 3. In the short run, a monopolist may a. attract other firms into the industry b. upgrade technology       c. incur loss d. charge the...

  • Question 11 Which market structure has a few interdependent sellers? monopolistic competition monopoly perfect competition oligopoly...

    Question 11 Which market structure has a few interdependent sellers? monopolistic competition monopoly perfect competition oligopoly Question 12 Which of the following is legal? collusion none of the above price leader cartel Question 13 When a dominant firm sets the price and others follow, what is that called? price leader crowding out cartel collusion Question 14 Which theory answers the question "How would my competitor respond if I did this?" crowding out price leadership Game Theory collusion Question 15 Which...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT