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Sergeu [11.5K]
3 years ago
8

A monopolistically competitive industry is characterized by a. many firms selling products that are similar but not identical. b

. many firms selling identical products. c. a few firms selling products that are similar but not identical. d. a few firms selling highly different products.
Business
1 answer:
UNO [17]3 years ago
7 0

Answer:

A monopolistically competitive industry is characterized by

a. many firms selling products that are similar but not identical.

Explanation:

A monopolistic competition is a form of imperfect competition with many firms operating in the industry.  For such an industry, the goods or services are differentiated, such that one firm's goods or services can easily be associated with the producer.  This is mostly achieved through branding and the use of trademarks.  Each firm, therefore, competes with many other competitors, but they limit their competition by differentiating their products so that consumers would have preference for one against the other, depending on their perceived value.

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Answer:

c. a payment to a firm or individual that ships a good abroad

Explanation:

Export subsidy is a payment to a firm or individual that ships a good abroad. The aim of export subsidy is to encourage export. Thus, it increases the amount of goods and services that can be sold abroad.

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3 years ago
The annual demand for a product is 15,300 units. The weekly demand is 294 units with a standard deviation of 90 units. The cost
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Answer:

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rewona [7]

Answer:

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