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RoseWind [281]
3 years ago
7

“Monopolistic competition is monopolistic up to the point at which consumers become willing to buy close-substitute products and

competitive beyond that point.” This statement recognizes that products of monopolistically competitive firms
A) are usually preferred by consumers, giving them monopoly power; however, consumers will seek substitutes if the price is too high, making them competitive.B) may be preferred by consumers, giving them monopoly power; however, consumers will seek substitutes if the price is too high, making them competitive.C) may or may not be viewed as different from the product of a monopoly.D) have to be limited in supply for the firm to experience monopoly power.
Business
1 answer:
anyanavicka [17]3 years ago
8 0

Answer:

The correct answer is option B.

Explanation:

Monopolistic competition is that form of market where there are a number of sellers who are producing close substitutes. There is high degree of competition in the market and firms adopt advertising to promote their products.

In a monopolistic market the firms may enjoy monopoly powers, if the consumers prefer their product. But if the price is too high, the rational consumers will prefer close substitutes.

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Answer:

See below

Explanation:

Computation of Cash flow

Net cash provided by operating activities

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Less:

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(64,000)

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Answer:

A.

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Regling Company Journal entries

A.

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B.

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Chapter 7 bankruptcy involves...
Vsevolod [243]
D is correct answer. 

They providing a method for student loans to be forgiven.

Hope it helped you.

-Charlie
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Scilla [17]

Answer:

Explained below

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