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Kitty [74]
1 year ago
7

Entry of new firms into monopolistically competitive industries is relatively easy because ______. Multiple choice question. exi

sting firms experience economies of scale product development is unnecessary competitors are large firms advertising is not required capital requirements are low
Business
1 answer:
prisoha [69]1 year ago
5 0

Entry of new firms into monopolistically competitive industries is relatively easy because capital requirements are low. Thus the correct answer is D.

<h3>What is a monopoly?</h3>

A monopoly refers to a firm that has a single authority in the market and controls the market completely. In a monopoly, there is a single rule and an absence of competition.

Monopolistic competition describes a competitive market in which a small number of sellers give clients near alternatives. It is a market system in which a large number of enterprises compete in the same industry.

Each firm runs on its own, producing comparable but production of innovative products, with no concern for what other companies are doing. These types of firms are very easy to enter and exit the market.

Therefore, option D with low capital requirements is the correct answer.

Learn more about monopoly, here:

brainly.com/question/18459447

#SPJ1

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What is the function of the organelles that are labeled f? to temporarily store water, waste products, food, and other cellular
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<h3>What is Organelles?</h3>

Organelles are tiny structures in the cytoplasm that perform tasks crucial for a cell to stay in balance. In the diagram, the organelle designated "F" is the endoplasmic reticulum.

They carry out a variety of tasks inside cells, including the creation of energy and the synthesis of proteins and secretions.

Therefore, option C to move proteins and other substances through the cell is the appropriate answer.

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4 0
2 years ago
Select the correct answer from the drop-down menu. A local carbonated beverage business enters a foreign market. What problems c
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Advertisements and promotional schemes have to be introduced to make people aware of their product.

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