Monopolostic competition is characterized by _____ and perfect competition is characterized by _____

Q: Due to low barriers to entry, monopolistic competitive firms can earn ____________ in the long run.…

A: There are different categories of market structure. Monopolistic competition is one of the market…

Q: An industry consists of three firms with sales of $25, $45, and $55. a. Calculate the…

A: a. Herfindahl-Hirschman index (HHI) is the square of the market sales of the…

Q: The following determine industry structure except A. The number of firms in an industry…

A: The number of firms in an industry will determine industry structure. Because if number of firms…

Q: Monopolostic competition is characterized by _____ and perfect competition is characterized by…

A: Market structure- it is the nature and degree of competition for goods and services in the market.…

Q: (1) Entry into and exit from a perfectly competitive industry will Drive price to minimum Long-Run…

A: Since you have asked multiple question, we will solve the first question for you. If you want any…

Q: Market Structure Number of Firms Type of Product Sold Price Taker? Price Formula Freedom of…

A: Markets are broadly categorized into 4 types basis the number of buyers and sellers. They are  1.…

Q: Identify which market structure the following products are likely to fall under based on the…

A: Market structure, basically refers to the structure that classify different industries according to…

Q: True and False Also correct the false answers: 1. The firm operates in a long-run production period…

A: In a market, firm make decision regarding its cost, revenue, profit maximization and so on, and…

Q: Perfect competition and monopoly are the two extremes of market structures. Discuss the difference…

A: The structure that depicts the way in which firms are being categorized and differentiated being…

Q: ACME corporation currently has a 20% market share in a $15 billion industry (measured by sales…

A: Market share is a measure that specifies the percentage of the market which is earned by a specific…

Q: One useful way of analyzing the nature of competition in an industry has been suggested by Porter's…

A: Porter's Five Force Model is was developed by Michael Porter in the year 1979. Basically it is a…

Q: Question 24 Which of the following is a difference between perfect competition and monopolistic…

A: Perfect competitive market is the type of market where each firm makes homogeneous products at sell…

Q: grocery store in a perfectly competitive market can     differentiate its product with respect to…

A: There are many market in the economy with different characteristics , so here we choose the correct…

Q: Study the evolution of any brand/company of your choice regarding its target market.   In…

A: Coca cola is one of the leading brands in the soft drink market . However it has changed its over…

Q: Each of the statements below describes a characteristic of the following market structures: perfect…

A: In monopolistic market,   1) there are many number of buyers but only few number of sellers. 2)…

Q: Provide a critical account of the generic strategy used by the company and which rival companies use…

A: Michael Porter's Generic Techniques is a strategic model that can be used to predict a company's…

Q: Explanation it correctly   Q)Contrast, from the point of view of customers, three advantages and…

A: perfect competitive market is more market structurally best. because, 1) in perfect competitive…

Q: 3. Shift of selected industries from oligopolistic to perfect competition  4. Issuance of treasury…

A: An increase in production of services and goods as being compared from one period to another period…

Q: Perfect competition is characterized by all of the following EXCEPT a. well-informed buyers and…

A: Perfect competition is a type of market structure.

Q: Which of the below is FALSE under perfect competition in the long-run? A. there is no producer…

A: Perfect competition: It is a market structure where there are a large number of buyers and a large…

Q: Please answer it as fast as you can in your words   As a Marketing Manager in the Nespresso…

A: Product Development  Product development is the term used to describe all of the steps required in…

Q: 5. Complaints are often made that the gasoline industry colludes to maintain monopoly profits for…

A: As we know that 1970s case where OPEC ( a big cartel ) decided to reduce the supply of OIL which…

Q: When analyzing the profit potential in an industRy, executives must consider the firms who do not…

A: Porter provided five forces framework that describes the degree and nature of the competition which…

Q: Product Differentiation refers to the ability of firms to: Select one: a. sell their product in…

A: Differentiated goods are sold in monopolistically competitive market where product differentiation…

Q: Gillette and Schick are two of the dominant manufactures of disposable razors worldwide. Each firm…

A: The payoffs are written in this format – (Schick's Profit, Gillette’s Profit). We see Schick’s…

Q: The holistic marketing concept is based on the development, design, and implementation of marketing…

A: Coca cola have merged all their marketing goals into one single marketing goal which is happiness.

Q: Choose one brand for every market structure below. Explain the characteristics of the brand to…

A: 3.1)Monopoly Brand name-Space x Space x is one of a kind brand and does not have competitors.In…

Q: There are three identical firms in the market research industry. The demand is 1 – Q, where Q = q1 +…

A: The firms attempt to maximize their profits by choosing the output to be produced. Profits are equal…

Q: a. a market structure with a single buyer b. a single firm producing a highly differentiated product…

A: In monopoly, there is a single firm who sells a particular good in the market. He therefore can set…

Q: Oligopoly Perfect Competition Monopolistic Competition   (1.b) For EACH of the three market…

A: Market structure is a study of competitiveness of the firms or industry. The markets are categorised…

Q: What are the key trade offs of imperfect competition?   Group of answer choices   1-The…

A: The markets are the places where the buyers of goods, services, and other products meet, and…

Q: The bread market, which is not differentiated, is characterized by many buyers and sellers. Identify…

A: The bread market, which is not differentiated, is characterized by many buyers and sellers implies…

Q: (P-ATC)*Q} and  ATC-P*Q  how are these two equations different and which one to use in profit…

A: The main objective of every firm in the market is to maximize their profits. Profits attract new…

Q: Which of the following relates to the concept of differentiated products? A Optimal location B…

A: Monopolistic Competition: Monopolistic competition is the market situation that encompasses many…

Q: QUESTION Consider an industry consisting of two firms, Alpha Electric (Alpha) and Beta Machines…

A: The oligopoly market is just like the market of monopolist but here there are more sellers but the…

Q: ACME corporation currently has a 20% market share in a $15 billion industry (measured by sales…

A: Market share is the percentage of total sales generated by a firm in an industry. It can be…

Q: Firms that has no significant barriers to entry Select one: a. none b. monopoly c. perfect…

A: The markets around the world are of different types, depending upon the goods, and services they…

Q: Question 5 In a monopolistically competitive industry, a firm’s demand curve also represents its...…

A: Monopolistically competitive industry has many firms. Their products are almost similar (close…

Q: Merger between a firm that provides a consumption good and its raw material supplier Market sharing…

A: Market: The exchange of products and services that occurs as a consequence of buyers and sellers…

Q: In competitive market structure, firms earn zero economic profit in the long run but still remain in…

A: We will answer the first question since exact one was not specified. Please submit a new question…

Q: Select correct answer and explain why Q. In long-run equilibrium for a competitive industry, each…

A: Dear student, You have posted multiple questions in a single post. I shall answer question number 1…

Q: 21. Which of the signs corresponds to the market of perfect (pure) competition... 1. Unlimited…

A: Answer 1 Correct answer is option A- Unlimited number of seller and buyer. Perfect Competition is…