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This month, Joe’s Gym is opening a new location in the busy downtown area. According to ads in the local paper, the gym, unlike other gyms in town, features an Olympic size swimming pool, a full size
basketball court, and state of the art equipment. The gym is also offering a free fitness evaluation by a professional trainer with every new membership. Joe’s Gym is practicing___________________________. a. monopolistic competition b. nonprice competition c. collusion d. price-fixing
Joe's Gym is practicing nonprice competition.
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Original conversation
User: This month, Joe’s Gym is opening a new location in the busy downtown area. According to ads in the local paper, the gym, unlike other gyms in town, features an Olympic size swimming pool, a full size basketball court, and state of the art equipment. The gym is also offering a free fitness evaluation by a professional trainer with every new membership. Joe’s Gym is practicing___________________________. a. monopolistic competition b. nonprice competition c. collusion d. price-fixing

Weegy: Joe's Gym is practicing nonprice competition.
jenid706|Points 133|

User: Which of the following products is an example of monopolistic competition? a. tap water c. books b. oranges d. bus tickets

Weegy: c. books
akbest|Points 110|

User: Which of the following statements is true about profits in a monopolistically competitive market? a. Most firms will earn substantial profits from year to year. b. Many firms will earn profit in the short term, but they must constantly innovate and compete to earn profits in the long term. c. Profits are rare in monopolistically competitive markets. d. Monopolistically competitive firms are as profitable as monopoly firms.

Weegy: b. Many firms will earn profit in the short term, but they must constantly innovate and compete to earn profits in the long term.is true about profits in a monopolistically competitive market
Expert answered|colossus09|Points 96|



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Asked 5/6/2013 12:02:24 PM
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