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Which of the following is not a characteristic of monopolistic competition? a. few artificial barriers to entry c. homogenous products b. large number of firms d. slight control over price
A)high artificial barriers to entry
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User: Which of the following is not a characteristic of monopolistic competition? a. few artificial barriers to entry c. homogenous products b. large number of firms d. slight control over price

Weegy: A)high artificial barriers to entry
bucoi022|Points 0|

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: 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: When monopolistically competitive firm begins to charge an excessive price for its product: B. Consumers will substitute a rival s product.
andrewpallarca|Points 28498|

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: The market on Sunshine Island is C. oligopoly
MrG|Points 5203|

User: Where do the conditions of the market make unified control necessary or desirable to the public interest? a. oligopoly c. trust b. natural monopoly d. cartel

Weegy: In b. natural monopoly market make unified control necessary or desirable to the public interest. ...........
Expert answered|sujaysen|Points 5504|



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Asked 1/1/2014 9:48:02 AM
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If a firm enjoys economies of scale, a. its average total cost will increase as production increases. b. its marginal revenue will increase as production increases. c. its average total cost will decrease as production increases. d. its total costs will decrease as production increases.
Weegy: a. its average total cost will increase as production increases. User: When a business owner purchases a license that gives them the right to use the name and business practices of a company, this individual owns a ____________. a. monopoly c. patent b. franchise d. proprietorship Weegy: When a business owner purchases a license that gives them the right to use the name and business practices of a company, this individual owns a b. franchise. User: Why does the government sometimes give monopoly power to a company by issuing a patent? a. The government does not want competition for the product. b. The company makes a product better than anyone else’s. c. The company pays the government for the patent. d. The company can then profit from their research without competition. Weegy: The government sometimes give monopoly power to a company by issuing a patent because d. The company can then profit from their research without competition. (More)
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Asked 1/1/2014 9:23:20 AM
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Which of the following industries have been deregulated in recent years? a. low-cost housing c. airlines b. pharmaceuticals d. steel
Weegy: The answer is c. Airlines. User: In an attempt to encourage competition in the airline industry, the government broke up airline monopolies. blocked mergers of airlines. preserved airline incentives. deregulated the airline industry Weegy: C. Airlines have been deregulated in recent years. [ ] User: 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 trade between states. Weegy: What was the chief effect of the Sherman Antitrust Act? Answer- d. The federal government won the power to prevent monopolies and mergers that interfered with trade between states. (More)
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Expert Answered
Asked 1/4/2014 9:00:42 AM
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