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
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 46 days ago|3/19/2015 3:35:21 AM
1 Answer/Comment
Rationing is most likely to lead directly to a black market.
Added 46 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]
20,712,319 questions answered
Popular Conversations
What is selection pressure? User: What is mutation?
Weegy: A mutation is the act or process of being altered or changed. User: What is irreducible complexity?
5/3/2015 9:52:03 PM| 2 Answers
solve: 14(-9-4m)=42
Weegy: 42/14 = 3/1 = 3 User: -1=1/2h-7-3/4h Weegy: -1 = 1/2h -7 - 3/4h -1 + 7 = 1/2h - 3/4h; 6 = 1/2h - 3/4h; 6 ...
5/4/2015 6:43:34 AM| 2 Answers
What is a catalyst defined as?
5/4/2015 8:16:34 AM| 2 Answers
How often are you wrong weegy?
Weegy: It all depends on who the expert that is answering the question. Also auto- answering is previous expert answer ...
5/4/2015 10:11:13 AM| 2 Answers
High government expenditures can lead to a ...
5/4/2015 11:18:55 AM| 2 Answers
Weegy Stuff
S
Points 166 [Total 696]| Ratings 0| Comments 166| Invitations 0|Offline
S
1
Points 81 [Total 473]| Ratings 1| Comments 71| Invitations 0|Offline
S
P
C
L
P
L
1
P
P
1
P
1
Points 47 [Total 8793]| Ratings 0| Comments 47| Invitations 0|Online
S
1
L
L
Points 19 [Total 8202]| Ratings 0| Comments 19| Invitations 0|Offline
S
L
Points 11 [Total 3765]| Ratings 0| Comments 11| Invitations 0|Offline
S
Points 10 [Total 179]| Ratings 1| Comments 0| Invitations 0|Offline
S
Points 8 [Total 236]| Ratings 0| Comments 8| Invitations 0|Offline
S
Points 3 [Total 23]| Ratings 0| Comments 3| Invitations 0|Offline
S
Points 1 [Total 9]| Ratings 0| Comments 1| Invitations 0|Offline
S
Points 1 [Total 1]| Ratings 0| Comments 1| Invitations 0|Offline
Home | Contact | Blog | About | Terms | Privacy | Social | ©2015 Purple Inc.