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Free_Kalibri [48]
3 years ago
13

A monopolistically competitive market has characteristics that are similar to a. a monopoly only. b. a competitive firm only. c.

both a monopoly and a competitive firm. d. neither a monopoly nor a competitive firm.
Business
1 answer:
gtnhenbr [62]3 years ago
8 0

Answer:

The correct answer is c. both a monopoly and a competitive firm.

Explanation:

Monopolistic competition is an imperfect type of competition in which there is a high number of sellers in the market that have a certain power to influence the price of their product.

The products offered are characterized by having some differentiation and it is precisely this differentiation that makes these companies enjoy a certain market power, have a certain voice when it comes to setting their prices and are not merely "price-acceptors", as in the case of perfect competition. Therefore, the graphic representation of monopolistic competition will be that of the right, imperfect competition.

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Comparative advantage A. is unlikely to​ change, once it has been defined. B. may change as time passes and circumstances change
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Answer:

The correct answer is B. may change as time passes and circumstances

Explanation:

The concept of comparative advantage is one of the basic foundations of international trade. It assumes as decisive the relative costs of production and not the absolute ones. In other words, countries produce goods that have a lower relative cost compared to the rest of the world.

8 0
3 years ago
Quaker introduced its "quaker oats to go" bar and marketed it as a healthy and convenient breakfast choice. quaker marketing mes
Doss [256]
<span>quaker marketing message is designed to help the consumer to :
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ruslelena [56]

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Step-by-step explanation:

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5 0
3 years ago
A company has 360,000 shares authorized, 200,000 shares issued, and 100,000 shares outstanding. The balance in its Common Stock
Alona [7]

Answer:

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Answer:

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