1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Anit [1.1K]
3 years ago
10

Monopolistically competitive markets are characterized by a large number of firms A economies of scale B standardized products C

mutual interdependence D positive economic profit in the long run
Business
1 answer:
zavuch27 [327]3 years ago
7 0

Answer:

The answer is B. standardized products

Explanation:

Monopolistic Competition has the following characteristics :

1. There large numbers of buyers and sellers

2. The products offered by sellers are close substitutes for the products offered by another seller.

3. The costs associated with entry and exit are low.

4. Sellers differentiate their products through advertising, branding etc.

Know that the most distinguishable factor in this market is product differentiation or standardized products.

The extent to which the seller is successful in product differentiation determines pricing power in the market.

The demand curve in this market is downward sloping i.e increase in price will lead to decrease in quantity demanded. This market is similar to perfectly competitive market.

The economic profit will fall to zero in the long run because the entry costs are not high.

You might be interested in
What can i do after commerce 12th?
QveST [7]

Answer:

A) Best Courses After 12th Commerce

Bachelor of Commerce (B. ...

Bachelor of Economics (BE)

Bachelor of Accounting and Finance (BAF)

Bachelor of Commerce in Banking and Insurance (BBI)

Bachelor of Commerce in Financial Market (BFM)

Bachelor of Business Administration (BBA)

3 0
2 years ago
ABC has beginning inventory for the year of $12,000. During the year, ABC purchases inventory for $150,000 and ends the year wit
Tanya [424]

Explanation:

The Answer equal 142000

6 0
3 years ago
_____ _____ is a way to see if your product is meeting the needs of your customers.
Inga [223]
I believe it’s solicit feedback
8 0
3 years ago
What is an outstanding check?
Solnce55 [7]

<span>An outstanding check is a check issued by the payor and released to the payee that remains to be undeposited or uncashed check at a certain financial period. When reconciling the bank statements with company books, an outstanding check is deducted from the unadjusted bank balance to arrive at the adjusted bank balance.  </span>

3 0
3 years ago
Managers and leaders perform many tasks as a result of their goals and objectives. Even though many tasks may be completed as a
uysha [10]

Answer:

a). Paul - Planning

b). Santiago - Organizing

c). Mathew - Planning

d). Chioe - Organizing

e). Kelly Tomasz - Leading

f). Ava - Controlling

g). Michelle - Organizing

Explanation:

Planning is described as the process of setting up the goals for the organization and formulating a course of action to achieve the intended goals.

Organizing is followed by planning which aims to assign the resources in a specific manner to ensure the effective accomplishment of the goal.

Leading is the process of providing guidance or direction to the staff, employees, and workers and keeps them motivated to ensure the smooth functioning of the process and achievement of optimum output.

Controlling is the last step in which the performances are governed and assessed as per the standards to find any variation.

8 0
3 years ago
Other questions:
  • Peachtree Doors, Inc. is in the process of setting a target price on its newly designed patio door. Cost data relating to the do
    10·2 answers
  • Which of the following are generally considered to be uncontrollable government expenditures?
    7·1 answer
  • The emergency planning process includes the following steps: (1) Form a collaborative planning team; (2) Understand the situatio
    14·1 answer
  • Motorcycle Manufacturers, Inc. projected sales of 54,000 machines for the year. The estimated January 1 inventory is 6,520 units
    5·1 answer
  • The short run aggregate supply curve was constructed assuming that as the price of outputs increases, the price of inputs stays
    10·1 answer
  • PLEASE HELP???
    9·1 answer
  • Service providers must offer cues to help their customers experience and perceive their service more positively and reinforce th
    11·1 answer
  • ¿Creen que el empleador puede rebajarle el sueldo? ¿Por que?<br><br> Responder rápido plissss
    8·1 answer
  • What is management report<br><br>​
    9·1 answer
  • In project procurement management, obtaining seller responses, selecting sellers, and awarding contracts is part of the _____ pr
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!