Ask Question
BusinessBusiness
5 May, 12:40

In monopolistic competition, what effect do price variations generally have on the market as a whole?

+1
Answers (1)
  1. 5 May, 13:04
    0
    Little. Monopolistic competition refers to the product differentiation by different producers and sellers, and do not aim to substitute other products. In monopolistic competition, a company uses the prices charged by its rivals as given and ignores the impact of its own prices on the prices of other firms.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “In monopolistic competition, what effect do price variations generally have on the market as a whole? ...” 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
I or 2 sentences describe the labor market
Answers (1)
When the weighted average cost method is used in a perpetual inventory system, a weighted average unit cost for each item is computed each time a sale is made. at the end of the year. at the beginning of each month. each time a purchase is made. 2.
Answers (1)
4. Which of the following is a miniature supermarket, carrying only a limited line of high-turnover goods? a. Specialty discount store b. Warehouse club c. Department store d. Convenience store
Answers (1)
Which of the following statements about market failure is not true: Question 14 options: A. Market failure always results from some government action or policy in a market. B.
Answers (1)
In the filing of a consolidated tax return for a corporation and its wholly owned subsidiaries, intercompany dividends between the parent and subsidiary corporations are Group of answer choices Not taxable.
Answers (1)
New Questions in Business
During a certain four-year period, the consumer price index (CPI) increased by 30%, but during the next four-year period, it increased by only 10%. Which of these conditions must have existed during the second four-year period? A. Deflation B.
Answers (2)
Flagstaff Company has budgeted production units of 7,900 for July and 8,100 for August. The direct materials requirement per unit is 2 ounces (oz.).
Answers (1)
Name and describe the four basic types of fees and cost a franchise owner must pay
Answers (1)
What is the difference between capital gain and capital loss?
Answers (1)
g The Council of Economic Advisors to the President of a country reported gross investment expenditure at $400,000 during a particular year.
Answers (1)
Home » Business » In monopolistic competition, what effect do price variations generally have on the market as a whole?
Sign Up Forgot Password?