A profit-maximizing firm in a monopolistically competitive market differs from a firm in a perfectly competitive market because the firm in the monopolistically competitive market
a. sells its product in a highly-concentrated market.
b. chooses its profit-maximizing quantity where marginal revenue equals marginal cost.
c. faces a downward-sloping demand curve for its product.
d. can earn profits in the long run.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “A profit-maximizing firm in a monopolistically competitive market differs from a firm in a perfectly competitive market because the firm in ...” 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
When the expected rate of inflation is higher than the actual rate of inflation, wealth is: A. not redistributed at all. B. redistributed from lenders to borrowers. C. redistributed at random. D. redistributed from borrowers to lenders.
Answers (1)
Many people view direct mail ads as what? A. Junk mail B. Magazines C. Institutional advertising D. Product placement
Answers (1)
Sally goes to have her hair trimmed and agrees to pay $40 to the stylist. While there, Sally decides that she would also like highlights. The stylist informs her that highlights will cost an additional $30.
Answers (1)
In preparing its June 30, bank reconciliation, a company has available the following information: Balance per bank statement on June 30 was $55,300 Deposit in transit on June 30 were 7,800 Return of customer's check not sufficient funds 1,200
Answers (1)
A good that has a lot of substitutes, that is a luxury and is relatively inexpensive will most likely have a price elasticity of demand that is a. a little higher than 1 b. closer to 10 c. a little lower than 1 d. exactly 1
Answers (1)
New Questions in Business
Mary sue owns 1,000 shares of qrs moving company. qrs pays a yearly dividend of $1.00 per share. what is the total annual dividend that mary sue will receive?
Answers (1)
To StaySafe around electricity, Ted needs to: A. Follow his gut instinct B. Follow procedures established by his co-workers C. Make sure electrical hazards are resolved immediately D. Practice electrical safety only when his employer is watching
Answers (1)
Tangible assets as well as intangible assets of a business need to be assessed for proper venture evaluation. a. True b. False
Answers (1)
Which of the following is an example of passive income? (1) portfolio income, including interest, dividends, annuities, and royalties (2) income from rental real estate earned by a no real estate professional (3) winnings from gambling (4) state and
Answers (1)
A zoo animal with an infectious disease needs to be If there is no means to keep the animal in.
Answers (1)