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Tasya [4]
3 years ago
9

Who sets the price in a monopolistic competition?

Business
1 answer:
AnnyKZ [126]3 years ago
7 0

Answer:

Producers

Explanation:

Monopolistic competition is a form of market competition where different producers produce goods that are largely different from each other and can not even been used as a perfect substitute for one another.

This gives each producer the opportunity  to decide its prices and output . Prices are always set higher than the marginal costs and the consumer surplus are less compared to a perfectly competitive market , making monopoly competition an imperfect market.

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n the United States, many agricultural products (such as corn, wheat, and rice) are subsidized. What are the benefits of subsidi
schepotkina [342]

Answer:

lower prices for consumers and higher prices for producers 

Explanation:

the options to this question wasn't provided . Here are the options:

higher prices for consumers and producers lower prices for consumers and producers higher prices for consumers and lower prices for producers

lower prices for consumers and higher prices for producers 

A subsidy is when the government pays an individual or a firm directly or indirectly. It could be in the form of direct cash payment, tax breaks or grants. Subsidies are usually given to encourage the production of goods and services.

Subsidy on agricultural goods reduces the price paid for agricultural goods and increases supply of goods. It would increase the price earned by producers.

I hope my answer helps you

7 0
3 years ago
Investing is best for
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Answer:

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Explanation:

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3 years ago
Southern home cookin' just paid its annual dividend of $0.65 a share. the stock has a market price of $13 and a beta of 1.12. th
Elden [556K]

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rf = risk free rate = 2.5%

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5 0
2 years ago
A utilities consumer action panel could help resolve consumer complaints about high energy costs because the panel members are
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The answer is A independent and unbiased
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Tech distractions do not include answer your phone while driving changing the radio station while driving fiddling with air-cond
Inessa [10]
<h2>The given statement is false. </h2>

Explanation:

If the driver has set the phone to "do not disturb" then definitely the notification that he gets through various apps will be kept silent, calls will reach voice mail and we will be notified with missed calls and our screen will be blank when the call is received. But this do not disturb mode does not control the air-conditioning of the car or blocking the driver from changing the radio station.

It is found from a survey that the road accidents are more when the mobile usage of the driver is more. Many drivers though they know about the consequences, they still use mobile phones while driving.

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