Ask Question
BusinessBusiness
19 December, 13:15

The number of firms in a monopolistically competitive market means that

+4
Answers (2)
  1. 19 December, 13:29
    0
    The number of firms in a monopolistically competitive market means that each firm has a small share of the market, since there are many firms within the market. Monopolistic competition is imperfect competition where many producers will sell products that are only differentiated from one another by quality or branding. Due to them being different based on branding and especially quality, they can not be perfect substitutes for one another.
  2. 19 December, 15:14
    0
    It means that each firm has a small share of the market, since there are many firms in the market
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “The number of firms in a monopolistically competitive market means that ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
What is the first thing you should do when a customer requests a sale item once you've determined that item is out of stock?
Answers (1)
How has amazon successfully leveraged e-commerce strategies to promote supply chain integration and boost sales and growth for the organization?
Answers (1)
The firm Patrick started nearly a decade ago is commonly referred to as a market leader. Upon reflecting on the leadership status of his company, Patrick considered the qualities that could eventually bring a firm to a leading position in the
Answers (1)
A firm has sales of $1,140, net income of $218, net fixed assets of $528, and current assets of $284. The firm has $93 in inventory. What is the common-size balance sheet value of inventory
Answers (1)
Suppose Tesla stock has a beta of 2.16 and Walmart stock has a beta of 0.69. If the risk-free rate of return is 4% and the expected return of the market is 10%, what is the expected return of a portfolio that consists of 60% Tesla and 40% Walmart
Answers (1)
New Questions in Business
A company has beginning inventory of 44 units at a cost of $12.00 each on October 1. On October 5, it purchases 28 units at $13.00 per unit. On October 12 it purchases 38 units at $14.00 per unit. On October 15, it sells 84 units.
Answers (1)
Unitech has the following inventory information. July 1 Beginning Inventory 20 units at $19 $ 380 7 Purchases 70 units at $20 1,400 22 Purchases 10 units at $22 220 $2,000 A physical count of merchandise inventory on July 31 reveals that there are
Answers (1)
What data is most likely to determine the length of time a corpse has been dead?
Answers (1)
Firm a is a new producer in the market for good x, which is characterized by linear demand and supply curves. initially, to attract customers, the firm prices its product low at $8 per unit.
Answers (1)
When rent control pushes the price of apartments below the market equilibrium, then everyone who would like a rent-controlled apartment will be able to find one. a shortage of the apartments will develop. a surplus of apartments will emerge.
Answers (2)
Home » Business » The number of firms in a monopolistically competitive market means that
Sign Up Forgot Password?