Ask Question
BusinessBusiness
1 May, 09:52

One way in which monopolistic competition differs from oligopoly is that

a. there are no barriers to entry in oligopolies.

b. in oligopoly markets there are only a few sellers.

c. all firms in an oligopoly eventually earn zero economic profits.

d. strategic interactions between firms are rare in oligopolies.

+1
Answers (1)
  1. 1 May, 13:36
    0
    The correct answer is letter "B": in oligopoly markets there are only a few sellers.

    Explanation:

    Monopolistic competition exists in industries that have many firms offering similar products or services for example restaurants, supermarkets and clothing stores. In monopolistic competition those products or services are not perfect substitutes from one another. On the other hand, an oligopoly is when a market is controlled by a small group of two or more firms. Businesses in an oligopoly can agree in price collusion and create barriers to entry for new commerce.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “One way in which monopolistic competition differs from oligopoly is that a. there are no barriers to entry in oligopolies. b. in oligopoly ...” 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
If the price of pants increases, what would you expect would happen in the market for pants?
Answers (1)
Use the following information to prepare a classified balance sheet for Alpha Co. at the end of Year 1.
Answers (1)
During an economic downturn when businesses must cut expenses, managers must be creative in motivating employees.
Answers (1)
You plan on purchasing the stock of Red Cigars Inc. and you expect it to pay a dividend of $3.15 in 1 year, $3.55 in 2 years, and $4.05 in 3 years. You expect to sell the stock for $95.00 in 3 years.
Answers (1)
In his presentation to his co-workers, Kyle encouraged his colleagues to reach their highest potential and take pride in their work. According to Maslow's hierarchy, which need did Kyle appeal to?
Answers (1)
New Questions in Business
The income elasticity of demand: A. is the ratio of the percentage change in income to the percentage change in quantity demanded. B. measures the responsiveness of income to changes in quantity demanded. C.
Answers (1)
If an owner contributes 9,200 and withdraws 39,500 how much is net income
Answers (1)
The Herjavec Co. just paid a dividend of $1.85 per share on its stock. The dividends are expected to grow at a constant rate of 4 percent per year indefinitely. Investors require a return of 12 percent on the company's stock.
Answers (1)
Which mortgage would result in higher total payments? mortgage a: $970 a month for 30 years mortgage b: $760 a month for 5 years and $1005 for 25 years
Answers (1)
To assess the risk and return involved in a purchase decision, which practical questions should a potential buyer ask? Check all that apply.
Answers (1)
Home » Business » One way in which monopolistic competition differs from oligopoly is that a. there are no barriers to entry in oligopolies. b. in oligopoly markets there are only a few sellers. c. all firms in an oligopoly eventually earn zero economic profits. d.
Sign Up Forgot Password?