The Full Wiki

More info on Monopolistic competition

Monopolistic competition: Quiz

Advertisements
  

Question 1: Another concern of critics of monopolistic competition is that it fosters ________ and the creation of brand names.
Advertising researchMarketingAdvertisingProduct placement

Question 2: In the long-run, other firms enter the market and the benefits of differentiation decrease with competition; the market becomes more like ________ where firms cannot gain economic profit.
Perfect competitionJEL classification codesEconomicsNeoclassical economics

Question 3: Textbook examples of industries with market structures similar to monopolistic competition include restaurants, ________, clothing, shoes, and service industries in large cities.
WheatBarleyCerealMaize

Question 4: In monopolistic competition firms can behave like ________ in the short-run, including using market power to generate profit.
Competition lawMonopolyNatural monopolyBarriers to entry







Advertisements









Got something to say? Make a comment.
Your name
Your email address
Message