A: Firms" products are different.
B: The competitors never earn economic profits.
C: Barriers to entry into the market are nonexistent.
举一反三
- In monopolistically competitive markets, free entry and exit suggests that A: the market structure will eventually be characterized by perfect competition in the long run. B: all firms earn zero economic profits in the long run. C: some firms will be able to earn economic profits in the long run. D: some firms will be forced to incur economic losses in the long run.
- Which of the following is not characteristic of a monopolistic competitive market ？ A: There are many heads out there. B: Something different. C: Long-term economic profit. D: Free Entry and exit.
- In perfect competition, ________. A: there are restrictions on entry into the market B: firms in the market have advantages over firms that plan to enter the market C: only firms know their competitors' prices D: there are many firms that sell identical products
- Which of the following is least accurate regarding product development and marketing for firms under monopolistic competition A: Firms that bring new and innovative products to the market face relatively more elastic demand curves than their competitors. B: Relative to other types of competition, product innovation is critical to the pursuit of economic profits. C: Advertising is necessary to communicate the uniqueness of the firm’s products relative to its competitors.
- Which of the following correctly describes an oligopoly? A: A single firm has all of the market power. B: Several firms have market power and there is free entry and exit. C: Several firms have market power and there are barriers to entry. D: Several firms take the price as given and there is free entry and exit.
内容
- 0
Which of the following characteristics is common to monopolistic competition and perfect competition? A: Firms produce identical products. B: Entry barriers into the industry are low. C: Each firm faces a downward-sloping demand curve. D: Firms take market prices as given.
- 1
In a perfectly competitive market, many firms sell an identical product.
- 2
Because economic profits are eliminated in the long run in monopolistic competition, to make an economic profit, firms continuously develop and market new products。(<br/>)
- 3
Which of the following statements regarding a monopolist is most accurate A: A monopolist will maximize the average profit per unit sold. B: If a firm has a monopoly, it will always be able to earn economic profits. C: A monopolist, like any other profit-maximizing firm, will sell at the output level where marginal revenue equals marginal cost.
- 4
Which of the following statements is most accurate A continuous market most likely exists for a stock when:（） A: Significant new information about the company is released to market participants. B: An overnight buildup of buy and sell orders for the stock occurs. C: Numerous dealers are willing to make a market in the stock.