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frosja888 [35]
2 years ago
10

Complete the following table by indicating if each attribute characterizes a competitive market, a monopolistically competitive

market, both, or neither. check all that apply.
SAT
1 answer:
ahrayia [7]2 years ago
5 0

The following are attributes of only a competitive market:

price taker

identical products

The following is not an attribute of either markets: few sellers

The following is an attribute of both markets: price is equal to marginal cost

<h3>What is a competitive market?</h3>

A competitive market is characterized by many buyers and sellers of identical goods and services. Market prices are set by the forces of demand and supply. So, buyers and sellers are price takers There are no barriers to entry or exit of firms into the industry.

<h3>What is a monopolistically competitive market?</h3>

A monopolistic competition is when there are many firms selling differentiated products in an industry. The demand curve is downward sloping. it sets the price for its goods and services.

To learn more about monopolistic competition, please check: brainly.com/question/21052250

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Using the knowledge in computational language in JAVA it is possible to write a code that reads a list of words.

<h3>Writting the code in JAVA:</h3>

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<em>        //for loop for iteration </em>

<em>        for(int i=0; i<ListSize; i++){</em>

<em>            //if current word matches with words present in list</em>

<em>            //then increase the frequency by 1</em>

<em>            if(wordsList[i].compareTo(currWord)==0){</em>

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<em>            }</em>

<em>        }</em>

<em>        //return frequency at last </em>

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<em>        //creating object of Scanner class </em>

<em>        Scanner sc = new Scanner(System.in);</em>

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<em>        //asking user to input size of list </em>

<em>        System.out.println("Enter the size of list :");</em>

<em>        size = sc.nextInt();</em>

<em>        //creating array of same size as user input size</em>

<em>        String[] wordList = new String[size];</em>

<em>        sc.nextLine();</em>

<em>        //asking user to input array elements </em>

<em>        System.out.println("Enter list elements one by one :");</em>

<em>        for(int i =0; i<size; i++)</em>

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<em>        System.out.print("\n");</em>

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<em>        //calling function getFrequencyOfWord in every iteration by passing</em>

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<em>            System.err.println(currWord + " : " + count);</em>

<em>        }</em>

<em>    }</em>

<em>}</em>

See more about JAVA at brainly.com/question/12978370

#SPJ1

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