Question and answer
Which of the following is one market trend that results when a monopolistically competitive firm starts earning profits well above its costs? a. The firm would become an oligopolistic firm because it
has effectively eliminated the competition and now dominates the market alone. b. The firm would try to lure 100 percent of customers by flooding the market with defective products. c. Fierce competition would encourage rivals to create new ways to differentiate their products and lure customers to them. d. The firm would eventually go out of business because demand would decrease.
Fierce competition would encourage rivals to create new ways to differentiate their products and lure customers to them is one market trend that results when a monopolistically competitive firm starts earning profits well above its costs. [ [ ] ]
Expert answered|wisbest|Points 2340|
Question
Asked 5/8/2013 11:26:40 AM
0 Answers/Comments
Get an answer
New answers
Rating

There are no new answers.

Comments

There are no comments.

Add an answer or comment
Log in or sign up first.
Questions asked by the same visitor
What is the possible consequence of the following scenario? Because of high unemployment rates in the country of Lavernia, employers offer higher wages. To meet their higher payroll costs and maintain profits, they charge consumers more for goods and services. a. a prolonged period of deflation b. demand-pull inflation c. a wage-price spiral of ever-increasing prices d. increasing numbers of people living on a fixed income
Weegy: Because of high unemployment rates in the country of Lavernia, employers offer higher wages. To meet their higher payroll costs and maintain profits, they charge consumers more for goods and service. The possible outcome is c. [ a wage-price spiral of ever-increasing prices. ] (More)
Question
Expert Answered
Asked 5/7/2013 7:25:06 AM
0 Answers/Comments
The amount of money the US government borrows to fund the national budget is the annual _____. a. deficit b. revenue c. debt d. receipt
Weegy: The amount of money the US government borrows to fund the national budget is the annual c. debt. (More)
Question
Expert Answered
Asked 5/7/2013 7:32:43 AM
0 Answers/Comments
in which system is private property found? a)centrally planned b)command c) free enterprise d) communism
Weegy: c) free enterprise (More)
Question
Expert Answered
Asked 5/7/2013 7:56:03 AM
0 Answers/Comments
If a factor input is increased and all other factor inputs remain the same, what happens to the quantity supplied of this good at each and every price? a. it remains the same c. it increases b. it decreases d. none of the above
Question
Not Answered
Updated 2 days ago|8/27/2015 12:32:43 AM
1 Answer/Comment
If a factor input is increased and all other factor inputs remain the same, the quantity supplied of this good at each and every price: it decreases.

Added 2 days ago|8/27/2015 12:32:43 AM
This answer has been confirmed as correct, not copied, and helpful.
Confirmed by Andrew. [8/27/2015 12:54:09 AM], Rated good by Andrew.
Which of these is most likely to lead directly to a black market? A. a supply shock B. a price floor C. rationing D. equilibrium
Question
Updated 163 days ago|3/19/2015 3:35:21 AM
1 Answer/Comment
Rationing is most likely to lead directly to a black market.
Added 163 days ago|3/19/2015 3:35:19 AM
This answer has been confirmed as correct, not copied, and helpful.
Confirmed by Andrew. [3/19/2015 3:43:39 AM]
21,938,845 questions answered
Popular Conversations
An adjective clause may modify a(n) ...
Weegy: A pronoun is a word that takes the place of a noun.
8/28/2015 7:47:06 AM| 3 Answers
The US assisted on the side of the resistance movement in the Afghan ...
Weegy: C. reduce Soviet presence in the region. User: Who did the United States support in the Soviet-Afghan ...
8/28/2015 8:32:26 AM| 2 Answers
_________ were non-European places in the world that European ...
Weegy: A. ecological imperials User: Social Darwinism was used to justify all of the following ...
8/28/2015 12:19:11 PM| 2 Answers
Read the following sentence. Decide if the verb is used as ...
Weegy: Terry is running up the hill. Up the hill is used as adverb. User: Identify the type of subordinate ...
8/28/2015 12:19:01 PM| 2 Answers
Weegy Stuff
S
P
C
L
P
L
1
P
P
1
P
1
P
L
P
R
Points 1204 [Total 11557]| Ratings 7| Comments 1134| Invitations 0|Offline
S
L
Points 767 [Total 1082]| Ratings 1| Comments 757| Invitations 0|Offline
S
1
L
L
Points 715 [Total 9183]| Ratings 3| Comments 675| Invitations 1|Online
S
L
L
P
1
Points 703 [Total 9276]| Ratings 2| Comments 683| Invitations 0|Offline
S
Points 491 [Total 717]| Ratings 1| Comments 481| Invitations 0|Online
S
Points 242 [Total 250]| Ratings 0| Comments 242| Invitations 0|Offline
S
Points 224 [Total 224]| Ratings 3| Comments 194| Invitations 0|Offline
S
Points 214 [Total 533]| Ratings 1| Comments 204| Invitations 0|Offline
S
Points 177 [Total 254]| Ratings 0| Comments 177| Invitations 0|Offline
S
Points 138 [Total 169]| Ratings 0| Comments 138| Invitations 0|Offline
Home | Contact | Blog | About | Terms | Privacy | Social | ©2015 Purple Inc.