--%>

Monopolistic competition

In which market type, there is a requirement for selling or advertising costs?

Answer: Beneath monopolistic competition, there is a requirement of selling costs since the firms generate various brands of product.

   Related Questions in Microeconomics

  • Q : Illustration of kinked demand curve

    Sarah, Courtney, Carly and Lisa sell shell necklaces. As Lisa lowers her price, Carly, Sarah as well as Courtney lower their price. If Lisa raises her price, Carly, Courtney and Sarah remain their price similar. This interaction is an

  • Q : Problem on hyperinflation In the year

    In the year 2015, people begin utilizing dollar bills to wipe up messes as hyperinflation has driven the price of ‘real’ paper towels to $7,000 a roll. This is an illustration of: (1) The income result. (2) Diminishing the marginal utility

  • Q : Types of Surveys Types of Surveys :

    Types of Surveys: Surveys can be classified by their method of data collection. Mail, telephone, and in-person interview surveys are the most common. Extracting data from samples of records is also frequently done.

  • Q : Divide future income by one plus

    To discount income which will be received in one year from the interest rate, we: (w) multiply the future income by the interest rate. (x) divide the future income by the interest rate. (y) divide the future income by (1 + the interes

  • Q : New cost-saving technologies adopting

    Firms are under greater pressure to rapidly adopt any new cost-saving technologies when an industry is: (i) closely regulated by government. (ii) controlled by professional managers instead of owners. (iii) dominated by a vast monopoly. (iv) highly co

  • Q : Evidence of Asymmetric information Can

    Can someone please help me in finding out the accurate answer from the following question. The Extensive fire damage in a neighborhood where almost everyone has fire insurance is an apparent evidence of: (1) Cost inflation in service sector. (2) Ineffective resource a

  • Q : Problem Regarding to Contestable Markets

    Even though the concentration ratio for an oligopoly is close to hundred, firms may operate rather efficiently when the market: (1) price conforms to a limit pricing model. (2) is contestable since entry and exit are easy. (3) demand curve is unitaril

  • Q : Implications of law of demand what are

    what are the implications of law of demand to the government,household and business

  • Q : Quantity demanded and goods price The

    The law of demand defines that there is a negative relationship among: (1) A good’s price and quantity demanded. (2) Limitless demands and inadequate resources. (3) The quantities demanded and supplied. (4) People’s income and demands for

  • Q : Problem on shortages or surpluses I

    I have a problem in economics on Problem on shortages or surpluses. Please help me in the following question. No shortages or surpluses exist if: (1) Central planners set prices which equivalent production costs. (2) The market is in equilibrium. (3)