A monopolistically competitive firm chooses A. price, but output is determined by a cartel production quota.B. the price, but competition in the market determines the quantity.C. the quantity of output to produce and the price at which it will sell its output.D. the quantity of output to produce, but the market determines price.

Question

11-03-2020
Business

contestada

A monopolistically competitive firm chooses A. price, but output is determined by a cartel production quota.B. the price, but competition in the market determines the quantity.C. the quantity of output to produce and the price at which it will sell its output.D. the quantity of output to produce, but the market determines price.

Respuesta :

Otras preguntas

Find the unknown value. 40% = 32/? 65% =91/? 45% = 54/? Please help ASAP

At the craft store a paint brush costs .79 and a small bottle of paint costs .89. What combination of paint brushes and bottles of paint could you buy for exact

Two hikers start from the same point and hike in opposite directions around a lake whose shoreline is 11 mi long. one hiker walks 0.5 mph faster than the other

What was the significance of the Battle of Stalingrad? A The Soviet victory is considered a turning point in the war. B It led to Germany's capture of the Red

keisha is an employee of leeway corporation. she uses social media in a way that violates her employer’s stated social media policies. leeway first disciplines

the diagonal of a tv is 26 inches long assuming that this diagonal forms a tv pair 30-60-90 right triangles what are the exact length and width of the tv

Actions taken by employers to keep unions from forming is called what?

Jamie baked 24 biscuits, Her sister Mia ate 3 biscuits, and her brother David ate 2 biscuits. Which expression can Jamie use to find how many biscuits are left?

Nika earns a gross pay of $73,000. Her total employee benefits are 22% of her gross pay and she has no job expenses. If Nika gets an increase in pay of $5,000,

How many moles of HCl are required to completely neutralize 0.30 moles of Ca(OH)2? A) 0.30 moles B) 0.60 moles C) 0.15 moles D) 1.0 mole

tutordamola tutordamola · Answer 1 · 2020-03-16T03:47:05+01:00

Answer:

The answer is C.

Explanation:

Monopolistic Competition is at the borderline of both perfect competition and monopoly i.e it shares both characteristics.

It is similar with monopoly in setting the price of its product because of product differentiation which is a key in monopolistic market.

It is also similar with perfect competition because it determines the output to produce. No restrictions. There are also large numbers of buyers and sellers. Its revenue depends on the volume of outputs it can produce.