Ask Question
BusinessBusiness
5 November, 20:16

In monopolistic competition firms gain some degree of market power

+5
Answers (1)
  1. 5 November, 21:12
    0
    They gain some degree of power by means of differentiating their products from those of other firms in the industry. Remember that a monopolistic competition is the one where many firms selling products that are similar but not identical which is very different from oligopoly and the one known as imperfect competition
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “In monopolistic competition firms gain some degree of market power ...” 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
Why would a merger reduce costs? Why would a merger increase markups? Why do many mergers fail nonetheless?
Answers (1)
In its recent income statement, Smith Software Inc. reported paying $12 million in dividends to common shareholders, and in its year-end balance sheet, Smith reported $333 million of retained earnings.
Answers (1)
After all of the account balances have been extended to the Balance Sheet columns of the work sheet, the totals of the debit and credit columns show debits of $36,678 and the credits of $41,101. This indicates that A.
Answers (1)
What does exceptional customer service mean to you?
Answers (1)
A company received a bank statement showing a balance of $78,000. Reconciling items included outstanding checks of $2,400 and a deposit in transit of $9,400. What is the company's adjusted bank balance
Answers (1)
New Questions in Business
18. What was a major factor in the failure of (mostly) command economies? A. Lack of voting rights B. Lack of the profit motive C. Not enough military spending D. Abundant basic goods
Answers (2)
You are saving to buy a $188,000 house. There are two competing banks in your area, both offering certificates of deposit yielding 7.3 percent.
Answers (1)
Has the company you're auditing recently increased or decreased their operations due to mergers or sales of parts of the business?
Answers (1)
Tom lives in an apartment where he pays $8,000 a year in rent. Sarah lives in a house that could be rented for $10,000 a year. How much do these housing services contribute to GDP?
Answers (1)
What happens to the percentage of tax as the income that is taxed?
Answers (1)
Home » Business » In monopolistic competition firms gain some degree of market power
Sign Up Forgot Password?