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.
19,144,729 questions answered
Popular Conversations
The slope of the line whose equation is 5x + 3y = -2 ...
Weegy: The slope of the line whose equation is 5x + 3y = -2 is a.) -5/3 User: The y-intercept of the line whose ...
1/24/2015 10:20:25 PM| 6 Answers
What is the value of b^2 - 4ac for the following equation? 2x^2 - 2x ...
Weegy: 10x^2 - 19x + 6 = 0 The solution formula is x = [-b ? sqrt (b^2 - 4ac)]/2a The numerators of the solution is: ...
1/24/2015 9:48:19 AM| 4 Answers
Which of the following constants can be added to x^2 - 3x to form a ...
Weegy: 8x^2 - 2x = 1; 8x^2 - 2x - 1= 0; (4x + 1)(2x - 1) = 0 (4x + 1) = 0; 4x = -1, x = -1/4 or (2x - 1) = 0; 2x = 1; ...
1/24/2015 9:39:47 AM| 3 Answers
Which of the following points is a solution to the system of ...
Weegy: The following points of(-3 , -2) is a solution to the system of equations shown y - x = -1 x + y = -5 . ...
1/24/2015 10:34:32 PM| 3 Answers
8y - 1 = x 3x = 2y Solve the system of equations by ...
Weegy: 2x + y = 6; y = 3x + 4 The resulting equation is 2x + (3x + 4) = 6. User: 2x + y = 7 y = x + 1 When the ...
1/24/2015 10:54:55 PM| 3 Answers
Brenda Lee has received a $10,000 gift from her mother and is trying ...
Weegy: B. return User: Terri Hamilton has just received $30,000 from an uncle who died and is trying to decide how to ...
1/24/2015 2:01:50 PM| 2 Answers
Find the value of (3 + 4)2. 14 25 49 User: Simplify 3 2x. ...
Weegy: 8^3 = 8 * 8 * 8 = 512 User: Evaluate A2 for A = 2.3. 4.9 5.29 5.92 Weegy: A2 for A = 2.3, 2.3^2 = ...
1/24/2015 2:23:33 PM| 2 Answers
Weegy Stuff
S
L
Points 1655 [Total 1676]| Ratings 0| Comments 1655| Invitations 0|Offline
S
L
P
L
P
Points 1229 [Total 6506]| Ratings 0| Comments 1229| Invitations 0|Offline
S
1
L
1
L
P
P
L
P
P
Points 563 [Total 15574]| Ratings 0| Comments 563| Invitations 0|Offline
S
L
Points 438 [Total 1119]| Ratings 2| Comments 418| Invitations 0|Offline
S
1
L
L
Points 178 [Total 6878]| Ratings 0| Comments 178| Invitations 0|Online
S
P
C
L
P
L
1
Points 90 [Total 6678]| Ratings 1| Comments 80| Invitations 0|Offline
S
Points 87 [Total 102]| Ratings 0| Comments 87| Invitations 0|Offline
S
L
Points 73 [Total 1634]| Ratings 0| Comments 73| Invitations 0|Online
S
Points 63 [Total 445]| Ratings 0| Comments 63| Invitations 0|Offline
S
Points 50 [Total 52]| Ratings 0| Comments 0| Invitations 5|Offline
Home | Contact | Blog | About | Terms | Privacy | Social | ©2014 Purple Inc.