Arises when there are many firms each selling an identical product, many buyers, and no restrictions on the entry of new firms into the industry. ▼ oligopoly monopoly monopolistic competition perfect competition is a market structure in which a large number of firms compete by making similar but slightly different products. ▼ oligopoly monopoly monopolistic competition perfect competition is a market structure in which a small number of firms compete. ▼ oligopoly monopoly monopolistic competition perfect competition arises when there is one firm which produces a good or service that has no close substitutes, and the firm is protected by a barrier preventing the entry of new firms.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Arises when there are many firms each selling an identical product, many buyers, and no restrictions on the entry of new firms into the ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
In 2016, Bubble Inc. had net income of $500,000, assets of $5,000,000, sales of $2,000,000, and debt of 2,000,000. In 2017, Bubble Inc. had net income of $600,000, assets of $7,000,000, sales of $1,300,000, and debt of 2,000,000.
Answers (1)
An increase in the number of which of the following will lead to an increase in the unemployment rate?
Answers (1)
What is the name of the most powerful can opener?
Answers (2)
If u are planning to carry a large balance on your credit card, which of the following credit card features should u look for
Answers (1)
Jack taylor started enterprise leasing on the premise that if he treated his customers and employees well, profits would follow. enterprise managers are trained to give employees recognition for good work and to promote from within.
Answers (1)
New Questions in Business
Last year Urbana Corp. had $197,500 of assets, $307,500 of sales, $19,575 of net income, and a debt-to-total-assets ratio of 37.5%. The new CFO believes a new computer program will enable it to reduce costs and thus raise net income to $33,000.
Answers (1)
Pebbles has a gross pay of $1,075.00 every pay period. After all deductions are taken out her net pay is $825.00. What percentage of her gross pay does she take home as her net pay?
Answers (1)
1. How is real GDP different from GDP? A. Real GDP takes inflation into account. B. GDP takes inflation into account. C. Real GDP uses utility rather than dollars as a unit of measurement. D. GDP only uses dollars as a measurement.
Answers (1)
Sparks Corporation has a cash balance of $10,500 on April 1. The company must maintain a minimum cash balance of $8,500. During April, expected cash receipts are $53,000. Cash disbursements during the month are expected to total $59,500.
Answers (1)
Assume that you are on the financial staff of Vanderheiden Inc., and you have collected the following dа ta: The yield on the company's outstanding bonds is 7.75%, its tax rate is 40%, the next expected dividend is $0.
Answers (1)