Ask Question
BusinessBusiness
18 January, 10:01

Which markets compete in non-price competition? A) oligopoly and perfect competition B) monopoly and monopolistic competition C) monopolistic competition and oligopoly D) perfect competition and monopolistic competition

+2
Answers (1)
  1. 18 January, 10:14
    0
    Monopoly and monopolistic competition markets compete in non-price competition. The answer is B.

    Explanation:

    A monopoly is a market that consists of a single firm that produces goods that have no close substitutes. These are price makers and can change both the price and quality of their products.

    There is a single seller that controls the whole market and often has several barriers to entry. Examples: providers of water, natural gas, telecommunications, and electricity.

    Monopolistic competition is an imperfect competition where several producers sell products differentiated from each other. The difference is mainly by brands or quality.

    One firm doesn't have the total control over the price of the market. Consumers assume that there are non-price differences among the products of competitors.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Which markets compete in non-price competition? A) oligopoly and perfect competition B) monopoly and monopolistic competition C) ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
A company's flexible budget for the range of 35,000 units to 45,000 units of production showed variable overhead costs of $2 per unit and fixed overhead costs of $72,000.
Answers (1)
Yogi expects to produce 1 comma 700 units in January and 2 comma 180 units in February. The company budgets 3 pounds per unit of direct materials at a cost of $ 15 per pound.
Answers (1)
Rock Creek Bottling Company pays its production manager a salary of $6,000 per month. Salespersons are paid strictly on commission, at $1.50 for each case of product sold.
Answers (1)
Suppose the price of cherries decreases at the same time mrs. smith's introduces a new and better-tasting cherry pie that consumers love. how will these changes impact the quantity and price levels in the market for cherry pies?
Answers (1)
What is a credit report? a. A credit report is a number representing your creditworthiness. b. A credit report is a detailed listing of your credit history. c. A credit report is a ranking which compares your creditworthiness to others. d.
Answers (1)
New Questions in Business
What best describes an entrepreneur? a. Someone who initiates and assumes the financial risk of a new business enterprise. b. A person who knows how to evaluate which stocks to purchase. c. Someone who can expertly manage other people's investments.
Answers (1)
JRN Enterprises just announced that it plans to cut its dividend from $3.50 to $2.50 per share and use the extra funds to expand its operations.
Answers (1)
Sykora, Inc., which uses a predetermined overhead rate based on direct labor hours, estimated total overhead for the year to be $12,000,000 and total direct labor hours to be 320,000 hours. Calculate Sykora's predetermined overhead rate.
Answers (1)
Appalachian mountain goods has paid increasing dividends of $.10, $.12, $.15, and $.20 a share over the past four years, respectively.
Answers (1)
What type of skills tends to be equally important at all levels of management? a. technical skills b. human skills c. decisional skills d. motivation to manage e. conceptual skills
Answers (1)
Home » Business » Which markets compete in non-price competition? A) oligopoly and perfect competition B) monopoly and monopolistic competition C) monopolistic competition and oligopoly D) perfect competition and monopolistic competition
Sign Up Forgot Password?