Monopolistically competitive industries differ from monopolies in that monopolistically competitive industries:

Business

1 answer:

ehidna [41]3 years ago

6 0

Answer:

The correct answer is letter "D": involves many firms, each of whom has some ability to change the market price by changing its level of output.

Explanation:

Monopolistic Competition exists in industries that have many firms that offer similar products or services for example restaurants, supermarkets, and clothing stores. In monopolistic competition, those products or services are not perfect substitutes from one another. The firms can change market prices by changing the levels of production.

A monopoly occurs when a company is the sole or nearly sole provider of a good or service within an industry. It causes the firm the be the only one making the decisions in changing prices at will.

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MArishka [77]

Answer:

Ans. The loan payment is $1,582,784.88, therefore is smaller than the lease by $207,215.12

Explanation:

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