Ask Question
BusinessBusiness
12 June, 05:13

How is price and output determined undr monopolistic competition?

+3
Answers (1)
  1. 12 June, 07:31
    0
    Monopolistic competition refers to a type of economy where there is only one organization in the market. Therefore, the influence of competitors is non-existent and the consumer has little influence over price or output.

    In this case, price and output are determined by the firm's equilibrium price and output, not the market.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “How is price and output determined undr monopolistic competition? ...” 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
Pike Corporation has total stockholders' equity of $8,690,000 as of December 31, 2017. The company has 300,000 shares of $2 par value common stock and 20,000 shares of 8% cumulative preferred stock, $100 par value, outstanding.
Answers (1)
Fragmental Co. leased a portion of its store to another company for eight months beginning on October 1, at a monthly rate of $1,225. Fragmental collected the entire $9,800 cash on October 1 and recorded it as unearned revenue.
Answers (1)
What is Market Value of Debt? The Market Value of Debt refers to the market price investors would be willing to buy a company's debt, which differs from the book value on the balance sheet.
Answers (1)
1. How does inertia affect a person who is not wearing a seatbelt during a collision?
Answers (1)
A customer owns 210 shares of ABC common stock. ABC declares a rights offering, with the terms being that for every 20 rights tendered, a shareholder may purchase one additional share at $20 per share.
Answers (1)
New Questions in Business
You are considering an investment in 30-year bonds issued by Moore Corporation. The bonds have no special covenants. The Wall Street Journal reports that 1-year T-bills are currently earning 1.90 percent.
Answers (1)
Whos the richeist family
Answers (1)
What type of organizational structure would a major nationwide insurance company use?
Answers (1)
What explanations have economists offered for why firms don't raise prices when doing so would seem to increase profits? Firms might not raise prices when doing so might increase profits because A.
Answers (1)
Compute ending work in process inventory for a manufacturer with the following information. Raw materials purchased ... $124,800 Direct materials used ... 74,300 Direct labor used ... 55,000 Total factory overhead ...
Answers (1)
Home » Business » How is price and output determined undr monopolistic competition?
Sign Up Forgot Password?