An oligoplistic industry might have ____ firms while a monopolistically competitive industry might have ___ firms....
An oligoplistic industry might have ____ firms while a monopolistically competitive industry might have ___ firms. three; forty three; one one; forty two; two thousand
Homework Answers
An oligopoly market structure is known for its few numbers of sellers and a large number of buyers
So for an oligopoly, the firms can be three
For a monopolistic market where there are a large number of sellers and buyers with a slight difference in the products
Number of the seller in monopolistic can be 40
The duopoly market has two sellers so this option can be neglected
Hence the answer is Option A
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An oligoplistic industry might have ____ firms while a
monopolistically competitive industry might have ___ firms....
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FICE 150 firms in the monopolistically competitive industry. Price is above marginal revenue, as a general rule, regardless of the number firms in the monopolistically competitive industry. At low levels of output, price is above marginal revenue. At high levels of ou price is below marginal revenue as long as the number of firms is not too ma because if it is too large, the monopolistically competitive industry will beco perfectly competitive. Question 13 (1 point) If monopolistically competitive forms...
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In the long run in this monopolistically competitive sweatshirt industry, MC ATC O A. all firms...
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8. Which of the following is true for profit-maximizing firms in perfectly competitive, monopolistically competitive, and...
8. Which of the following is true for profit-maximizing firms in perfectly competitive, monopolistically competitive, and monopoly industries? a. MR P b. P-min(ATO c MR-MC e. P> MR 9. The reason that the coffeehouse market is monopolistically competitive rather than perfectly competitive is because a, entry into the market is blocked b. there are many firms in the market. Os C barriers to entry are very low d. products are differentiated. 10. The "Discount Department Stores" industry is highly concentrated....
Question 1 A monopolistically competitive industry has all of the following characteristics except there are no...
Question 1 A monopolistically competitive industry has all of the following characteristics except there are no barriers to entry. strategic behavior. product differentiation, a large number of firms. Question 2 In a monopolistically competitive industry, firms are large relative to the total market. firms are small relative to the total market. firms can be either large or small relative to the total market. there is only one firm. Question 3 Product differentiation can be used by firms to do all...
When an industry has many firms, the industry is an oligopoly if the firms sell differentiated...
When an industry has many firms, the industry is an oligopoly if the firms sell differentiated products, but it is monopolistically competitive if the firms sell identical products. perfectly competitive if the firms sell differentiated products, but it is monopolistically competitive if the firms sell identical products. monopolistically competitive if the firms sell differentiated products, but it is perfectly competitive if the firms sell identical products. an oligopoly if the firms sell differentiated products, but it is perfectly competitive if...
Most retail stores are: monopolistically competitive firms. monopoly firms. perfectly competitive firms. ...
Most retail stores are: monopolistically competitive firms. monopoly firms. perfectly competitive firms. oligopoly firms.
Which of the following, if true, would be an example of a monopolistically competitive industry? In...
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Suppose firms in a monopolistically competitive industry currently charge a price less than their average total cost. What will be the profitability for firms in the short and long term? 1) In the short run, firms in this market will A) make a loss. B) break even. C) make a profit. 2) In the long run, firms in the market will A) break even or exit the market. B) make a loss. C) make a profit. 3) What will happen...
Which of the following characteristics differentiates a monopolistically competitive industry from a perfectly competitive industry? A-...
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FICE 150 firms in the monopolistically competitive industry. Price is above marginal revenue, as a general rule, regardless of the number firms in the monopolistically competitive industry. At low levels of output, price is above marginal revenue. At high levels of ou price is below marginal revenue as long as the number of firms is not too ma because if it is too large, the monopolistically competitive industry will beco perfectly competitive. Question 13 (1 point) If monopolistically competitive forms...
In the long run in this monopolistically competitive sweatshirt industry, MC ATC O A. all firms will leave the industry OB. product supply will increase so prices will go up. OC. some firms will enter the industry and industry profits for all firms will increase. D. some firms will leave the industry until the remaining firms reach a break even point. 23 Dollars ($) 22 18 MR D 50 70 75 Quantity of personalized sweatshirts Click to select your answer.
8. Which of the following is true for profit-maximizing firms in perfectly competitive, monopolistically competitive, and monopoly industries? a. MR P b. P-min(ATO c MR-MC e. P> MR 9. The reason that the coffeehouse market is monopolistically competitive rather than perfectly competitive is because a, entry into the market is blocked b. there are many firms in the market. Os C barriers to entry are very low d. products are differentiated. 10. The "Discount Department Stores" industry is highly concentrated....
Question 1 A monopolistically competitive industry has all of the following characteristics except there are no barriers to entry. strategic behavior. product differentiation, a large number of firms. Question 2 In a monopolistically competitive industry, firms are large relative to the total market. firms are small relative to the total market. firms can be either large or small relative to the total market. there is only one firm. Question 3 Product differentiation can be used by firms to do all...
Which of the following, if true, would be an example of a monopolistically competitive industry? In the utilities industry, average cost declines over all levels of output. In the automobile industry, fixed costs as well as variable costs are high. In the retail trade industry, a large number of firms provide similar products. The market for basic office supplies (pencils, paper, and clips) is served by scores of online suppliers. In the pharmaceuticals industry, the entire market is served by...
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