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Andreas93 [3]
3 years ago
14

Do consumers benefit in any way from monopolistic competition relative to perfect​ competition? compared to perfect​ competition

, when a consumer purchases a product from a monopolistically competitive​ firm, the consumer benefits from purchasing a product
a. without coercion from advertising.


b. that is more closely suited to their tastesis more closely suited to their tastes.


c. whose marginal benefit to that consumer equals its marginal cost of production.


d. that is not trademarkedthat is not trademarked.


e. whose price equals marginal costwhose price equals marginal cost.
Business
1 answer:
Vanyuwa [196]3 years ago
3 0

Answer:

B) that is more closely suited to their tastes

Explanation:

In a perfect competition market the products are all similar and homogeneous. Since all suppliers are price takers, they have to produce similar products in order to be able to compete.

In monopolistic competition markets the products offered are different on from another. The products are not homogeneous and sometimes cannot even be considered substitute products.

Therefore there is a chance that a consumer can find more suitable products or services that they like more than others. For example, restaurants are monopolistic competition but you can decide which restaurant you like the most.

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Janet lives in miami and has low to moderate income. she wants to buy a home in miami priced at $150,000 but doesn’t have enough
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Janet lives in Miami and has a low to moderate income. she wants to buy a home in Miami priced at $150,000 but doesn’t have enough savings to put up the 20% down payment on a conventional mortgage. since she isn’t part of a military family, which type of loan should Janet consider obtaining for her mortgage is an FHA loan.

What is a loan?

  • A loan is the lending of money by one or more people, businesses, or other entities to other people, businesses, or other entities.
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8 0
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1- The right to use the good.

2- The right to be able to aer income from that good

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