Ask Question
BusinessBusiness
8 November, 20:52

The word "competition" in the label "monopolistic competition" refers to the fact that: a. firms vie against each other to get customers to buy their version of the product. b. firms have no control over the price they charge. c. there are very few firms producing in the market. d. none of the above

+3
Answers (1)
  1. 8 November, 21:08
    0
    A.

    Explanation:

    Monopolistic competition is a type of imperfect competition such that many producers sell products that are differentiated from one another (e. g. by branding or quality) and hence are not perfect substitutes ... Unlike perfect competition, the firm maintains spare capacity.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “The word "competition" in the label "monopolistic competition" refers to the fact that: a. firms vie against each other to get customers to ...” 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
An increase in the number of which of the following will lead to an increase in the unemployment rate?
Answers (1)
In which of these inventory approaches is it important to determine the actual cost of a particular inventory item being sold in order to determine cost of goods sold?
Answers (1)
Suppose Becky earns $650 per week working as an analyst for A-plus Accountants. She uses $10 to order a mojito cocktail at Little Havana. Little Havana pays Alex $250 per week to wait tables.
Answers (1)
Solomon Company reports the following in its most recent year of operations: Sales, $1,000,000 (all on account) Cost of goods sold, $490,000 Gross profit, $510,000 Accounts receivable, beginning of year, $110,000 Accounts receivable, end of year,
Answers (1)
When shopping you notice that a pair of jeans costs $20 and that a tee-shirt costs $10. you compute the price of jeans relative to tee-shirts. the dollar price of jeans and the relative price of jeans are both nominal variables.
Answers (1)
New Questions in Business
Check My Work (1 remaining) Motor Sports, Inc., sues A-Z Speed. Motor Sports alleges that A-Z breached (failed to perform) a contract that required A-Z to sell ten Jet Skis to Motor Sports.
Answers (1)
CableVision has been approached by the City of Mirada to run its cable operations in 2020. After negotiating with key parties, CableVision has made the following agreements:It will offer Mirada residents a basic set of 25 cable television stations
Answers (1)
Thomas Company has the following data for one of their recliners. This information is for the deluxe recliner model: Sales $200,000 Variable Costs 90,000 Contribution Margin 110,000 Fixed Costs 150,000 Operating Income (loss) $ (40,000) Assume that
Answers (1)
Why did they give nba youngboy 10 years?
Answers (2)
Entrepreneurs usually do NOT make good: A. general managers. B. marketing decisions. C. financial decisions. D. production schedules.
Answers (2)
Home » Business » The word "competition" in the label "monopolistic competition" refers to the fact that: a. firms vie against each other to get customers to buy their version of the product. b. firms have no control over the price they charge. c.
Sign Up Forgot Password?