Ask Question
BusinessBusiness
26 February, 09:31

Brainliest Week

Which of the following is an example of monopolistic competition?

A buying the cheapest green beans

B not having a choice of natural gas companies

C choosing between five airlines that compete against each other

D visiting the same barber out of many in the city because you like the way he cuts hair

+4
Answers (1)
  1. 26 February, 09:57
    0
    D, visiting the same barber out of many in the city because you like the way he cuts hair.

    Explanation:

    Monopolistic competition is one in which firms produce the similar products but have brand loyalty from its various consumers.

    In monopolistic competition, the production of similar goods by firms doe not make the products a substitute for the other.

    Monopolistic competitions allows for a large number of buyers and sellers, low entry or exit barriers, etc.

    The visitation of a particular barber despite having other barbers in town is an example of brand loyalty which is in turn a characteristic of monopolistic competition.

    Cheers.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Brainliest Week Which of the following is an example of monopolistic competition? A buying the cheapest green beans B not having a choice ...” 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
LMN Incorporated is listed on the American Stock Exchange. Jane sits on the board of directors for LMN and wishes to buy some LMN stock. She executes a trade on the floor of the AMEX and purchases the shares.
Answers (1)
Exercise 10-9A Record common stock, treasury stock, and cash dividends (LO10-2, 10-4, 10-5) Power Drive Corporation designs and produces a line of golf equipment and golf apparel.
Answers (1)
Rodriguez Corporation issues 19,000 shares of its common stock for $78,800 cash on February 20. Prepare journal entries to record this event under each of the following separate situations. 1. The stock has a $2 par value. 2.
Answers (1)
Your seller clients have received an offer, and the buyer has included a pre-approval letter. Your clients are a little confused and think a pre-qualification letter is necessary. What's true regarding pre-approval and pre-qualification?
Answers (1)
When the economy is at full employment, a) the cyclically adjusted budget will show a surplus and the actual budget will show a deficit. b) the actual budget will show a surplus and the cyclically adjusted budget will show a deficit.
Answers (1)
New Questions in Business
The comparative balance sheets of Friends, Inc. show a net increase in accounts receivable of $650 and a net decrease in inventory of $500. To determine net cash flow from operating activities under the indirect method, net income should be:
Answers (1)
A company has net sales of $1,630,200 and average accounts receivable of $418,000. What is its accounts receivable turnover for the period?
Answers (1)
Which of the following is a common way to describe a product that is being offered for sale? in the market on the market on exchange in business
Answers (1)
If a change in government regulations allows banks to start paying interest on checking accounts, this will: increase the demand for currency but decrease the demand for checking accounts. decrease the demand for money. increase the demand for money.
Answers (2)
Which is most likely cause for rapid increase in number of interest groups in recent decades?
Answers (1)
Home » Business » Brainliest Week Which of the following is an example of monopolistic competition? A buying the cheapest green beans B not having a choice of natural gas companies C choosing between five airlines that compete against each other D visiting the same
Sign Up Forgot Password?