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.
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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|



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Asked 8/28/2013 11:22:01 AM
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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
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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 151 days ago|12/24/2015 8:43:48 AM
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The government is involved in the U.S. economy for all of the following reasons EXCEPT to promote the development of market externalities.
Added 151 days ago|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]
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