Johnsonbryson525 Johnsonbryson525

17-05-2024
Business

Answered

What is a characteristic of monopolistically competitive industries? *
Product differentiation
High barriers to entry
High degree of price control
Few sellers

Answer :

GinnyAnswer GinnyAnswer

17-05-2024

Final answer:

Monopolistically competitive industries feature product differentiation, low barriers to entry, and a degree of price control.

Explanation:

A monopolistically competitive industry is characterized by product differentiation, where firms offer slightly different products to attract customers. Unlike monopolies, monopolistically competitive industries have easy entry and exit with low barriers to entry. Additionally, these industries allow a degree of price control as each firm can set its own price based on its differentiated product.

Learn more about Monopolistically competitive industries here:

https://brainly.com/question/36776267

Answer Link

Other Questions

Un comerciante vendió 2 automóviles. Un automóvil modelo 2009, cuyo precio original era de Q 78,500.00, fue vendido a las [tex]$\frac{3}{4}$[/tex] de su precio.

What were Alexander Hamilton's objections and corresponding answers regarding the administration during his time?

Mohr Company purchases a machine at the beginning of the year at a cost of $42,000. The machine is depreciated using the units-of-production method. The company

Select the correct answer.Read the excerpt from paragraphs 2-3 of the passage:(2) "...Ha! the Prince and Monsieur Love. I will hide me in the arbour."(3) And Be

Select the correct answer.Joe wants to enlarge the rectangular pumpkin patch located on his farm. The pumpkin patch is currently 40 meters wide and 60 meters lo

A touch of mystery: How many books below were written by Agatha Christie?- The Poison Belt- Five Little Pigs- The Refugees- Giant's Bread- Sir Nigel- N or M?- E

The Big 5 factors of personality include:a) openness, carelessness, extraversion, aggravation, and negativity.b) obsessiveness, cautiousness, extremism, agreeab

Keesha is proving the law of cosines for a triangle with three acute angles. What is the next step of the proof?Prove: [tex]a^2 = b^2 + c^2 - 2bc \cos A[/tex] f

How do you find probability

For the data set below, find the upper outlier boundary. 174 125 183 195 176 138 127 173 131 157 171

How do you factor this polynomial expression?

Round number to the nearest hundred 293

Help! Please???The weather on the coast of Virginia is probably warm and dry. A cold front would likely bring rain or rainstorms. Since early summer is warm or

what element's outer shell is not full, is commonly found in air, and can give, take, or share as many as 4 electrons with other elements?

Dr. Star Blanket gives a 20% discount if his customers pay cash for their office visits. Determine the cost of a $65 office visit if the customer pays cash.

What is the mean of these numbers 2,6,9,7

Will the quotient of 5 divided by 7/8 be greater than or less than 5?

write a real world situation that could be represented by the system of equations shown below. y=4x + 10 y=3x + 15

PLEASE HURRY !!!!!! How does plate tectonics affect climate? (Points : 1) (a)increased earthquakes (b) changing ocean circulation (c) ex

what type of skeleton does the centipede have