Features of monopolistic competition
Why Features of monopolistic competition is monopolist in nature? Answer: (a) Control over price (b) Downward sloping demand curve
Why Features of monopolistic competition is monopolist in nature?
Answer:
(a) Control over price (b) Downward sloping demand curve
A purely competitive firm will produce where is: (w) MC is rising. (x) MC = P. (y) MC = MR. (z) All of the above. Can anybody suggest me the proper explanation for given problem regarding Economics
Can someone please help me in finding out the accurate answer from the following question. The price per mile of mass transit has increases much rapid since the year 1980 than the price of private auto travel. This has contributed to the shift in demand
Predation by charging a low price is often a successful entry deterrent for all of the given reasons except the concept that low prices: (w) signal low profit. (x) make entry complicated while entry is costly. (y) may signal to a pote
When you buy a bond if the interest rate is 10% and sell this while the interest rate is 15%, in that case you will receive: (w) less than you paid for the bond. (x) more than you paid for the bond. (y) the same amount which you paid for the bond. (z)
The division of U.S. businesses into the categories of proprietorships, partnerships, and corporations is based on: A) generally accepted accounting principles. B) legal considerations. C) the judg-ment of the American Economic Association. D) an executive order of th
In short run, the supply of Pinot Noir from the viewpoints of oenophiles who fancy it would be influenced least by: (i) The offspring of late baby boomers arriving the legal age to buy alcohol. (ii) Imposition of a maximum tax for each and every bottle of wine generat
When Ford raises pickup truck prices 20 percent and Chevy pickup sales rise 12 percent, in that case these goods are _____ as well as their cross elasticity coefficient is approximately _____. (w) complements; 0.6. (x) substitutes; 0.6. (y) subs
In the year of 1996 McDonald's introduced its Arch Deluxe hamburger, which failed to catch on with the public and was subsequently dropped from the menu. This failure illustrates the idea of: A) consumer sovereignty. B) technological change. C) downsloping demand
I have a problem in economics on Labor union monopoly. Please help me in the following question. As compared to pure competition, beneath a pure labor union monopoly, the wage will tend to: (1) Higher and employment will also be higher. (2) Lower and
When supplies of some resources are upwardly sloping to an industry, in that case increasing the industry’s output results within: (w) higher output due to increased profits from falling input prices. (x) reductions of output because of increase
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