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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|
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Asked 5/8/2013 11:26:40 AM
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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)
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in which system is private property found? a)centrally planned b)command c) free enterprise d) communism
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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
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Updated 251 days ago|8/27/2015 12:32:43 AM
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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 251 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
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Updated 3/19/2015 3:35:21 AM
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Rationing is most likely to lead directly to a black market.
Added 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]
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