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Sveta_85 [38]
2 years ago
8

Consider the monopolistically competitive market structure, which has some features of a competitive market and some features of

a monopoly. Complete the following table by indicating if each attribute characterizes a competitive market, a monopolistically competitive market, both, or neither. Check all that apply.
Business
1 answer:
Nikolay [14]2 years ago
5 0

The characteristics of a competitive market, and a monopolistically competitive market are:

  • Price is equal to marginal cost - competitive market,
  • Easy entry and exit - both
  • Few sellers - neither
  • Homogeneous product - competitive market,

<h3>How are competitive and monopolistically competitive markets related?</h3>

Both competitive and monopolistically competitive markets are easy to enter and exit from but only competitive markets have their pruice equal to their marginal cost.

The goods in a monopolistically competitive market is slightly variated while those in competive markets are homogenous.

Find out more on monopolistically competitive markets at brainly.com/question/25717627

#SPJ1

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Hello,

The answer is option A "<span>Manufacturing".

Reason:

Manufacturing is the process of taking old products and transforming them into better working items its kinda like a upgrade of the product.

Ex: A video game console into a better game console.....

The answer is not option A because wholesaling is the process that businesses use for commercials, bigger industries, any accessories to add on to their businesses in order to make them run better and to sell more of the product in order to make more money. Its not option C because a extractive industry is a industry that basically uses natural resources and extracts them. Its also not option D because a service could be anything not involving businesses, involving social businesses, etc... Therefore the answer is option B!

If you need anymore help feel free to ask me!

Hope this helps!

~Nonportrit </span>
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Took the quiz

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