Characteristics of monopolistic competition include all of the following EXCEPT:() A. differentiated products. B. high barriers to entry. C. large numbers of independent sellers. 相关知识点: 试题来源: 解析 B Monopolistic competition has low barriers to entry....
单项选择题Characteristics of monopolistic competition include all of the following EXCEPT: A.differentiated products.B.high barriers to entry.C.large numbers of independent sellers. 点击查看答案&解析 延伸阅读你可能感兴趣的试题 1.单项选择题If the market demand for a product decreases in a competitive...
Brianna has a masters of education in educational leadership, a DBA business management, and a BS in animal science.Cite this lesson Monopolistic competition occurs where the products that are being sold by competing companies serve different purposes, allowing for entering and exiting the market with...
On the other hand, a monopolistic competition has many sellers and buyers. What is a monopolistic competition in economics? Monopolistic competition is one of the four primary forms of market competition. The market is characterized by many sellers and buyers. What are some examples of monopolistic...
Some of the advantages of this form of market structure are: Increased competition –New firms face no barriers to entry, and so increased competition can be witnessed in a monopolistic competition form of market structure. This leads to firms employing more efficient means of production, innovation...
Explain the outcome of the following features of a perfectly competitive market (i) Freedom to the firm to enter the industry, (ii) Freedom to the firm to leave the industry. View Solution One basic charactertistics of monopolistic competition which separates this market from a perfectly competit...
Monopolistic competition is a type of imperfect competition market structure in which a large number of firms produce differentiated products and there are no barriers to entry.
Describe perfect competition and give a real-life example. What is the most important characteristic of monopolistic competition? What are the characteristics of perfect competition, and does it exist in the real world? Describe three features of monopolistic competition that differentiate it from monopo...
If there is a difference between quality or even perception of a difference, consumers might be willing to pay a premium to the firm whose quality they consider to be superior. If a perfectly-competitive market introduces differentiated products, it is more like a monopolistic competition. ...
Are Monopolistic Markets Inefficient? Both historically and in modern times, economists have been divided on the theory ofmonopolistic competition. Economists agree that most monopolistic activity is the result of government privileges to certain firms; however, many also believe that a natural industry ...