Question and answer
What happens to a monopolistically competitive firm that begins to charge an excessive price for its product? a. The firm will go out of business. b. Consumers will substitute a rival’s
product. c. Consumers will boycott the product. d. The government will regulate the price.
Consumers may boycott the product, but more likely the answer would be D. The government will regulate the price.
Get an answer
Original conversation
User: What happens to a monopolistically competitive firm that begins to charge an excessive price for its product? a. The firm will go out of business. b. Consumers will substitute a rival’s product. c. Consumers will boycott the product. d. The government will regulate the price.

Weegy: Consumers may boycott the product, but more likely the answer would be D. The government will regulate the price.
debnjerry|Points 46842|

User: What is the definition of an oligopoly? a. one firm producing 95 percent of the output b. two to four firms producing 70 percent to 80 percent of the output c. eight to ten firms producing 60 percent to 70 percent of the output d. eight to ten firms producing 90 percent of the output

Weegy: ol?i?gop?o?ly/??li?g?p?l?/ Noun: A state of limited competition, in which a market is shared by a small number of producers or sellers. [ ]
jonsyg|Points 1084|

User: Sunshine Island has three large supermarkets that supply most of the groceries for the island’s population. How would you describe the market for groceries on Sunshine Island? a. perfect competition b. cartel c. oligopoly d. monopoly



Weegy: Sunshine Island has three large supermarkets that supply most of the groceries for the island’s population. Oligopoly is the best description of the market for groceries on Sunshine Island.
Expert answered|emdjay23|Points 1379|

Question
Asked 5/13/2013 2:07:36 PM
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.
21,575,567 questions answered
Popular Conversations
Solve 7x 6
Weegy: 7x + 1 User: 7 + 32 (-5 + 1) ÷ 2 User: 2(4x + 3) User: 4x + y - 2 = 0 User: What is the equation of the line, ...
7/6/2015 6:03:14 AM| 4 Answers
Ralph is 3 times as old as Sara. In 6 years, Ralph will be only twice ...
Weegy: The answer is 3x + 6 User: What is the slope of the line that is perpendicular to the line whose equation is ...
7/6/2015 7:23:07 AM| 4 Answers
2^-3
Weegy: (5)-3 is 2. User: Find the area of a regular octagon with apothem K and side of 10. Weegy: The area of a ...
7/6/2015 9:41:46 AM| 4 Answers
The ice cream shop has 80 different possible sundaes which include 1 ...
Weegy: 400 flavors. User: The first side of a triangle measures 4 in. less than the second side, the third side is 3 ...
7/6/2015 11:11:49 AM| 4 Answers
Which of the following is the general form of the equation 5x2 - ...
Weegy: The general form of the equation 5x^2 - 20x = 15 is x^2 - 4x - 3 = 0. User: Give the values of a, b, and c ...
7/6/2015 2:28:23 PM| 4 Answers
The Medical Unit is responsible for the development of the Medical ...
Weegy: The Medical Unit is responsible for the development of the Medical Plan, obtaining medical aid, and ...
7/6/2015 9:09:47 PM| 4 Answers
Integers are _____ rational numbers. always sometimes never
Weegy: A rational number is SOMETIMES an integer. User: Simplify -|-7 + 4|. -11 -3 3 11 User: Simplify 7t · s · ...
7/6/2015 11:07:01 AM| 3 Answers
Who was the leader of Iraq in 2003?
7/7/2015 1:38:07 AM| 3 Answers
Weegy Stuff
S
1
Points 179 [Total 690]| Ratings 0| Comments 179| Invitations 0|Offline
S
1
L
P
1
1
Points 169 [Total 1575]| Ratings 1| Comments 159| Invitations 0|Offline
S
Points 74 [Total 74]| Ratings 1| Comments 64| Invitations 0|Offline
S
P
C
L
P
L
1
P
P
1
P
1
P
Points 68 [Total 9597]| Ratings 1| Comments 58| Invitations 0|Offline
S
1
L
L
Points 26 [Total 8406]| Ratings 0| Comments 26| Invitations 0|Offline
S
R
Points 8 [Total 210]| Ratings 0| Comments 8| Invitations 0|Offline
S
Points 4 [Total 4]| Ratings 0| Comments 4| Invitations 0|Offline
S
L
P
P
Points 4 [Total 3563]| Ratings 0| Comments 4| Invitations 0|Offline
S
Points 4 [Total 4]| Ratings 0| Comments 4| 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.