If there are many sellers,which kind of market is that? a)Oligapoly b)Monopolistic competition c)Both

Q: What does monopolistic competition have in common with monopoly?  a.barriers to entry b.the ability…

A: In a monopolistic competitive market there are large number of firms producing similar but not…

Q: There are many sellers of abayas and dishdashas in Muscat. Each abaya and dishdasha seller makes…

A: There are four types of market structures. They differ from each other on the basis of number of…

Q: A monopolistically competitive firm (NOT a monopolist) has market power because of:

A: The type of structure of the market where there exist many producers selling products that are…

Q: Agriculture, or farming, is a decent example of which type of economic market? a. oligopoly b.…

A: Agriculture or farming is mostly considered as perfectly competitive market because homogeneous…

Q: A market in which there are only a few firms and each is able to influence the market price is…

A: Oligopoly market:   The oligopoly market is the market structure with small number of large seller…

Q: Ordering market structures according to the ease of entry for new firms from easy entry to more…

A: In financial matters, market structure is the quantity of firms creating indistinguishable items…

Q: Aside from advertising, how can monopolistically competitive firms increase demand for their…

A: Monopolistic competition is an imperfect market structure in which there are large number of buyers…

Q: Monopolistically competitive firms are considered inefficient in allocating society’s resources for…

A: please find the answer below.

Q: There would be a unique product for which there are few close substitutes under which market model?…

A: A pure monopoly is a solitary provider inside a characterized market or industry. The firm…

Q: In the market where marginal revenue equals demand and the market price is: a) monopolistic…

A: In case of perfect competition there are large number of firms selling homogeneous products. There…

Q: In which market model must firms take into account the actions of their competitors before they can…

A: In perfect competition and monopolistic competition, there are numerous sellers. Under monopoly,…

Q: Which of the following is always associated with monopolistic competition? a. highly inelastic…

A: In case of Monopolistic Competition, there are large number of firms that sell differentiated…

Q: In monopolistic competition, firms may differentiate their products in many ways expect on the basis…

A: Product differentiation is a marketing technique for attract the customers by distinguishing the…

Q: Monopolies and monopolistically competitive firms differ in that monopolies O participate in markets…

A: A monopoly is a single firm in the market and the market has a strict barrier to entry so monopolies…

Q: One significant difference between oligopoly and monopolistic competition is that a.) entry is more…

A: Under monopolistic competition, a large number of firms operate. While under an oligopoly market…

Q: firm that can sell as much as it can produce at the market price is likely operating in: A. an…

A: Market Competition: Rivalry is the competition between organizations selling comparable items and…

Q: Inefficiency exists in all market structure except? a.  (Monopolistic competitive market) b.…

A: An efficient market is a market structure where the price of the market reflects all the relevant…

Q: Does a monopolistic competitor produce too much or too little output compared to the most efficient…

A: Monopolistic  competition: Monopolistic is a market situation where a large number of firms are…

Q: Which of the following market types has only a few competing firms? a. perfect competition b.…

A: Perfect competition, oligopoly, monopoly, monopolistic competition are types of market structures.…

Q: Assume firms in the short run are earning above-normal profits. Explain what will happen to these…

A: Normal profits(π) imply zero profit(π). This is the case where the total revenue(TR) equal to total…

Q: Ordering market structures according to the ease of entry for new firms from easy entry to more…

A: Differ forms of market have differences in their entry barriers as less competitive markets have…

Q: Concentration ratios that fall in the range of 20 to 40 percent are common for monopolistic…

A: In a market, concentration ratio is used to analyze the market power or market share of a specfiic…

Q: Which of the following is NOT a characteristic of monopolistic competition? A)product…

A: Monopolistic competition describes a market in which a large number of companies compete for the…

Q: Would delivery pizza in a large city be best described as a perfect competition, monopolistic…

A: Perfect competition: perfect competition is a form of market in which there are many buyers and many…

Q: Monopolistic markets tend to operate with some excess capacity. Explain

A: Excess capacity refers to the difference between the optimum output and the actual output produced…

Q: Monopolistic competition has which drawback compared to a monopoly?

A: From the side of consumer monopolistic competition is always better than monopoly but in case of…

Q: Which of the following market structures has the fewest number of large firms? a. Monopolistic…

A: Firms in the market compete with each other in order to maximise their profits. Market structure is…

Q: Q2: A ________ exists when the quantity demanded in the market is less than the quantity at the…

A: Long-run average cost curve: This is the curve which is a combination of several short-run average…

Q: which market structure is able to arise? a) oligopoly b) monopolistic competition <) monopoly d)…

A: Disclaimer“Since you have asked multiple questions, we will solve the first question for you. If you…

Q: How does advertising impact monopolistically competitive firms?   Group of answer choices   1-It…

A: Monopolistic competition occurs when many companies offer products that are similar but not…

Q: Which of the following statements is true about the difference between monopoly and monopolistic…

A:

Q: Monopolistically competitive firms in the long run will do which of the following? They will produce…

A: Monopolistic competition is a form of imperfect market structure with the features of more firms…

Q: Barriers to entry may lead to: A. monopoly only B. perfect competition only C. oligopoly only D.…

A: Market refers to the exchange of goods and services that takes place as a result of buyers and…

Q: . Which market condition (Monopoly, Perfect Competition, Duopoly, or monopolistic competition) is…

A: The market structure in which there are a high number of customers and sellers is known as perfect…

Q: Mr Ho’s Chinese restaurant is in a small country town, 50km away from the next nearest Chinese…

A: A market structure differentiates between different industries or firms on the basis of various…

Q: In monopolistically competitive markets which is the most likely type of barrier to entry: A. heavy…

A: Monopolistically competitive markets are the markets having various sellers, selling the product…

Q: or there may be more than one market type for each characteristic. Price is equal to marginal…

A: 1) price is equals to MR under perfect competition.  Option D, pure competition 2) barriers are the…

Q: When the excess capacity problem under monopolistic competition becomes greater, there will be:…

A: In monopolistic competition, there are a large number of firms which produce differentiated products…

Q: Which of the following market types are allocatively efficient?   Question    Monopoly…

A: In economics, market structure refers to how different industries are classed and distinguished…

Q: How does the short run differ from the long run in a monopolisticallycompetitive market?

A: A form of inconsistent competition is monopolistic competition so that multiple suppliers market…

Q: Match each of the four market structures covered in this course with the description of the market…

A: Market structure is the structure of a market, which consists of the number of firms, the size of…

Q: The market structure which needs a very huge amount of capitalization because it needs to construct…

A: Oligopoly is a market structure with few firms, none of which can hold the others back from having a…

Q: What are the “monopolistic” and the “competitive” elements of monopolistic competition?…

A: Monopolistic competition is a market structure which combines elements of monopoly and competitive…

Q: Since products are differentiated in_____ each firm faces a downward sloping demand curve, and firms…

A: There are different market structures with different characteristics like number of firms, entry…

Q: Why is there so much advertising in monopolistic competition and oligopoly? How does such…

A: Imperfect market structures are those markets where individual firms have the power to influence the…

Q: Monopolistic market structure is characterized by large number of buyers and seller selling close…

A: Market structure refers to the place where the transaction of goods and services takes place between…