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A. market structure.
B. oligopoly.
C. advertising strategy.
D.
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- Monopolistically competitive firms use product differentiation to a.limit the number of firms in the industry. b.ensure long-run profits. c.achieve market power. d.block other firms from entering the industry.What does monopolistic competition provide producers? A. One exclusive brand to sell. B. Total control of profitability. C. Some control over the price of the product.Monopolistic competition is a market structure that has elements like ... Group of answer choices a. monopoly and competition b. monopoly c. competition
- If a monopolistically competitive industry is earning short-run positive economic profits, what do we expect to happen in the long run? a Existing firms will exit. b New firms will enter. c The industry will be regulated. d Firms will collude to keep prices high.What does monopolistic competition have in common with monopoly? a.barriers to entry b.the ability to collude with respect to price c.a downward-sloping demand curve d.a large number of firms which one is the answer?Give an example of a market that has monopolistic competition and explain how the example you have chosen exhibits competitive aspects and how it also exhibits monopolistic aspects.
- In a monopolistic competition market structure it is likely that if a company is earning profits it can maintain those profits in the long run ... Group of answer choices a. false b. trueIn the long run, firms in monopolistic competition always will a. Earn an economic profit b. Produce at the minimum average total cost c. Produce greater than the minimum average total cost d. Set their price above their marginal costExercise A.7. If you were thinking about getting into the ice cream business, would you try to make an ice cream exactly like the (successful) brands that already exist? Explain your decision using the ideas about monopolistic competition
- For a monopolistic competitor: Choose correct and explain your choice a. P=MR. b. P>MR. c. P=MC. d. MR>MC.Which of the following are features of monopolistic competition? Choose all that apply. a. indistinguishable products b. products differentiated through branding or quality level c. few buyers or sellers d. low barriers to entryMonopolistic Competition. Please explain detail with the diagram
