You have new items in your feed. Click to view.
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
b. The firm would try to lure 100 percent of customers by flooding the market with defective products.
Get an answer
Original conversation
User: 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

Weegy: b. The firm would try to lure 100 percent of customers by flooding the market with defective products.
ritaswanski|Points 100|

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 120|

User: __________ is when rival companies cooperate for their mutual benefit. a. Cartel b. Collusion c. Non-price competition d. Merging

Weegy: B. Collusion is when rival companies cooperate for their mutual benefit.
andrewpallarca|Points 24901|

User: Price fixing can be best described as a. an agreement between two companies to sell the same good or service at the same price. b. a government order that the price of an item should not rise for a set number of years. c. one companies guarantee to keep a product at a specific price to compete against their competition. d. a government order to keep prices the same to combat inflation.

Weegy: Price fixing can be best described as a. an agreement between two companies to sell the same good or service at the same price.
Expert answered|jeifunk|Points 10160|



Question
Asked 8/28/2013 11:22:01 AM
0 Answers/Comments
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
Cartels are difficult to operate for which of the following reasons? a. They work only if members keep to their agreed output. b. They are illegal worldwide. c. Firms in a cartel are likely to lose money. d. The products are perfectly competitive
Weegy: Cartels are difficult to operate because: They work only if members keep to their agreed [ output. ] User: a series of competitive price cuts that lowers the market price below the cost of production Weegy: Price war is a series of competitive price cuts that lowers the market price below the cost of [ production. ] (More)
Question
Expert Answered
Asked 8/28/2013 11:38:34 AM
0 Answers/Comments
The government is involved in the U.S. economy for all of the following reasons EXCEPT to a. promote and encourage competition. b. prevent monopolies that deny the public the benefits of competition. c. regulate industries in which a monopoly is in the public interest. d. promote the development of market externalities.
Question
Updated 12/24/2015 8:43:48 AM
1 Answer/Comment
The government is involved in the U.S. economy for all of the following reasons EXCEPT to promote the development of market externalities.
Added 12/24/2015 8:43:48 AM
This answer has been confirmed as correct, not copied, and helpful.
Confirmed by selymi [12/25/2015 4:30:45 AM]
What was the chief effect of the Sherman Antitrust Act? a. The federal government repealed regulations that controlled the airline and trucking industries. b. Microsoft required personal computer manufacturers to include its web browser with the Microsoft Windows operating system. c. John D. Rockefeller formed the Standard Oil Trust as a protected natural monopoly. d. The federal government won the power to prevent monopolies and mergers that interfered with ...
Weegy: What was the chief effect of the Sherman Antitrust Act? d. The federal government won the power to prevent monopolies and mergers that interfered with trade between states. User: Economists all agree that preditory pricing exists and is a common practice. Please select the best answer from the choices provided T F (More)
Question
Expert Answered
Asked 8/28/2013 4:02:31 PM
0 Answers/Comments
If the government deregulates the airline industry then: a. less competition will be expected c. a perfectly competitive market will exist b. producers will have more control over the price charged for their product d. none of the above
Weegy: If the government deregulates the airline industry then: A. less competition will be expected. (More)
Question
Expert Answered
Asked 8/28/2013 4:14:29 PM
0 Answers/Comments
27,026,421 questions answered
Popular Conversations
emotive language
Weegy: Emotive language is language that arouses the emotions, such as that used in sensational newspaper headlines. ...
2/22/2017 7:31:53 AM| 3 Answers
Solve 1 – 2x – 1 = –10. A. x = –9 B. x = 5 C. x = 9 D. No ...
Weegy: 8x + 10 = 2x - 8; 8x - 2x = -8 - 10; 6x = -18; x= -18/6; x = -3. The answer is A. x = -3
2/22/2017 9:01:03 AM| 2 Answers
What is the currency of the United ...
2/22/2017 10:41:35 AM| 2 Answers
What is the slope of a line that is perpendicular to the line whose ...
Weegy: The answer is zero. The property is identity property of addition. This property states that any number plus 0 ...
2/22/2017 1:54:56 PM| 2 Answers
Weegy Stuff
S
P
P
L
Points 425 [Total 1194] Ratings 2 Comments 405 Invitations 0 Offline
S
P
P
L
P
P
Points 333 [Total 2307] Ratings 1 Comments 323 Invitations 0 Offline
S
P
P
L
P
Points 226 [Total 1440] Ratings 0 Comments 226 Invitations 0 Offline
S
Points 30 [Total 30] Ratings 3 Comments 0 Invitations 0 Offline
S
Points 12 [Total 112] Ratings 1 Comments 2 Invitations 0 Offline
S
Points 12 [Total 22] Ratings 1 Comments 2 Invitations 0 Offline
S
Points 10 [Total 10] Ratings 1 Comments 0 Invitations 0 Offline
S
Points 6 [Total 6] Ratings 0 Comments 6 Invitations 0 Offline
S
Points 5 [Total 5] Ratings 0 Comments 5 Invitations 0 Offline
S
Points 4 [Total 4] Ratings 0 Comments 4 Invitations 0 Offline
* Excludes moderators and previous
winners (Include)
Home | Contact | Blog | About | Terms | Privacy | © Purple Inc.