Answer:
A) a relatively large number of firms and the monopolistic element from product differentiation.
Explanation:
A monopolistically competitive industry has the elements of monopoly as product differentiation. Since the products produced in are different in some way and thus may offer differing utilities. This allows the firms in the industry to vary their supply to influence prices as this differentiated product is only produced by them. This is reminiscent of a monopoly.
However, at the same time - there may be substitutes with slight variations as there are a relatively larger number of companies producing differing products. This offers as an option to customers and helps the market act as competitive.
Option B only focuses on the monopolistic elements. Option C is fundamentally wrong as low entry barriers is not a monopolistic element. Option D gives us a monopolistic element of advertising that can act as differentiation but a highly inelastic demand curve goes against the perfect competition - this nullifies the argument.
Hope that helps.
In pure competition, each extra unit of output that a firm sells will yield a marginal revenue that is equal to the price. The additional money made from selling one more unit of output is known as marginal revenue. The formula is the total income change divided by the output or quantity change.
The price times the quantity determines total revenue, and since the price is fixed for each thing sold, the marginal revenue in a market with just competitive products is only the product's price. As a result, in a market where there is pure competition, demand equals both marginal and average revenues.
To learn more about marginal revenue, click here
brainly.com/question/13383966
#SPJ4
Answer: the correct answer is A. coupled with an interest.
Explanation: It means that Samantha has to return the money plus interests.
The answer is A, to cover expenses