Why is it relatively easy for firms to enter and leave a monopolistically competitive market?

1 answer:

7 0

A monopolistically competitive market is, by definition, constituted by a large number of firms that compete producing diferenced versions of a product. Such companies are not price-takers and they hold certain degree of power market and of control over the pricing decisions.

However, in a market that comprises so many actors in its supply side, the market power is splitted in many small units and the amount exercised by each is not very strong. Firms operating in this market structure do not have enough power to affect their rivals through their internal decisions and also not enough power to affect potential competitors and to prevent their entrance. They cannot set entry barriers to prevent the entrance of new companies in the market.

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almond37 [142]

Answer:

Yes, they could have but it would have been very difficult.

Explanation:

The reason is that the attitudes of the leaders of Nazi Germany and Imperial Japan (Hitler, and Hirohito, respectively) were very pro-war. Both leaders were pursuing an aggressive expansionary policy, whcih means that they wanted to conquer a lot of new land in order to be colonized by German or Japanese people respectively.

However, some of the policies of the British, French, and American government could have been different. For example, the could have been harder on Hitler at first, when he was pursuing the annexation of Austria, and Czechia.

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Daniel [21]

Answer:

According to James 1:15, sin develops from the evil desires of a person (tempted by Satan) and this desire grew into something bigger until it completely overtakes the person and kills him, 'condemned' to eternal death/ suffering without the forgiving grace of God.

Explanation:

James 1: 15 states "Then, after desire has conceived, it gives birth to sin; and sin, when it is full-grown, gives birth to death."

This is a metaphor for how sin emerges in a person.

James addresses how sin came into the world and entice people to do evil in the eyes of the Lord. According to him, sin develops in a person only from Satan and not from God, "For God cannot be tempted by evil, nor does he tempt anyone"(1:13). And when a person is tempted, the sin 'enters' into him, grows inside, and then just like childbirth, gives birth to another sin, or a much bigger sin. This means that sin develops and emerges bigger until it is completely removed and destroyed.

To put it simply, it's like this. A person is tempted by Satan to do sin, be it murder or anything. Then, this desire to do it will lead to an infatuation, of sorts. And once this desire is acted out, it will lead to more sins if not curbed or stopped. And as this sinful act grows, it will mature and eventually lead to the death of the person if he doesn't stop or repent.

Likewise, sin is conceived from the negative desire within a person, which then grows and if not curbed, or repented, it will only lead to the death of the person without the graceful forgiving act of God, and thus, the person becomes eternally dam ned.

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Anon25 [30]

Answer:

I'll give you more options because i'm a nice person.

Including our changing demographics, rising healthcare costs, interest payments on the debt, and an insufficient revenue base

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