Monopolistic competition is characterized by a:

History

1 answer:

evablogger [386]1 year ago

8 0

Monopolistic competition is characterized by a large number of firms and low entry barriers.

<h3>What is monopolistic competition?</h3>

Monopolistic competition occurs where competitive firms produces or manufactures products or services that are similar and close substitutes to one another.

The characteristics of the monopolistically competitive market includes:

1. Presence of many sellers in the market

2. Easy entrance and exit of consumers in the market

3. Differentiated products in the market.

Hence, monopolistic competition is characterized by a large number of firms and low entry barriers.

Learn more about monopolistic competition here: brainly.com/question/3520816

You might be interested in

The industrial Revolution encouraged Indian handicrafts true or false

o-na [289]

It’s both true and false but for school true

6 0

3 years ago

Why was the Black Death called the black death ? (name origin)

beks73 [17]

Some think it was called this because of how the skin turned dark at the late stages of the disease, but it was more likely called "Black" to reflect the dark and horrible time in history.

7 0

2 years ago

Read 2 more answers

Define staffing using the word pyramid, supplying each level with the specified number of words. The descriptions may be in the

Marianna [84]

The definition of staffing using the word "pyramid"

Staffing can be defined as the process of employing workers in an organization following a pyramid level of upper to lower or lower to upper.

It can also be refered to as a process of hiring employees by evaluating their skills and knowledge before offering them a befitting job role. It involves finding the right worker with the right skill and qualification to a particular job position.

Therefore, staffing means ensuring a job position is filled with the right candidate (employee).

Learn more about staffing:

brainly.com/question/6082099

7 0

2 years ago

In India, more girls than boys are likely to die from malnutrition. This means that they do not get __________.

fiasKO [112]

B- Enough nutritious food. One way you can tell this, is by how it says "nutrition" right in the word "malnutrition". How I often remember this, is how the prefix of the word, "Mal" means "Bad" in Spanish. Now, if you put the prefix and suffix of the word together, you get "bad nutrition".
Hope this helps! :)

3 0

3 years ago

Read 2 more answers

CORE and the SCLC were similar in that both organizations

Yanka [14]

CORE and the SCLC were similar in that both organizations "<span>(C) advocated change through nonviolence," since it was believed that this was the most effective way to achieve social and economic goals. </span>

3 0

3 years ago