Which of the following products is least likely to be sold in a monopolistically competitive market ?

Related Mcqs:

Which of the following is not a characteristic of a monopolistically competitive market ?

A. free entry and exit B. long run economic profits C. many sellers D. differentiated products...

Which of the following is true regarding the similarities and differences in monopolistic competition and monopoly ?

A. the monopolist faces a downward-sloping demand curve while the monopolistic competitor faces an elastic demand curve B. the monopolist charges a price above marginal cost while the monopolistic competitor charges a price equal to marginal cost C. The monopolist makes economic profits in the long run while the monopolistic competitor makes zero economic profits … Which of the following is true regarding the similarities and differences in monopolistic competition and monopoly ?Read More...

In the short run, if the price is above average total cost in a monopolistically competitive market, the firm makes ?

A. losses and firms exit the market B. profits and firms exit the market C. losses and firms enter the market D. profits and firms enter the market...

Which of the following firms has the least incentive to advertise ?

A. a manual fracture of breakfast cereal B. a wholesaler of crude oil C. a restaurant D. a manufacturer of home heating and air conditioning...

One source of inefficiency in monopolistic competition is that since price is above marginal cost, some units are not produced that buyers value in ?

A. Since price is above marginal cost surplus is redistributed from buyers to sellers B. monopolistically competitive firms earn economic profits in the long run C. monopolistically competitive firms produce beyond their efficient scale D. excess of the cost of production and this causes a deadweight loss....