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An industry comprising a small number of firms, each of which considers the potential reactions of its rivals in making price-output decisions, is called pure competition. pure monopoly. oligopoly. monopolistic competition.
An industry comprising a small number of firms, each of which considers the potential reactions of its rivals in making price-output decisions, is called oligopoly.
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Asked 3/25/2016 3:41:20 PM
Updated 3/25/2016 10:37:35 PM
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An industry comprising a small number of firms, each of which considers the potential reactions of its rivals in making price-output decisions, is called oligopoly.
Added 3/25/2016 10:37:35 PM
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Paying an above-equilibrium wage rate might reduce unit labor costs by increasing the supply of labor. increasing voluntary worker turnover. permitting the firm to attract lower-quality labor. increasing the cost to workers of being fired for shirking
Weegy: Paying an above-equilibrium wage rate might reduce unit labor costs by increasing the supply of labor. User: If the wage rate increases, an imperfectly competitive producer will hire less labor, but a purely competitive producer will not. an imperfectly competitive producer may find it profitable to hire either more or less labor. a purely competitive producer will hire less labor, but an imperfectly competitive producer will not. a purely competitive and an imperfectly competitive producer will both hire less labor. (More)
Question
Updated 116 days ago|6/27/2020 6:31:40 AM
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If the wage rate increases: a purely competitive and an imperfectly competitive producer will both hire less labor.
Added 116 days ago|6/27/2020 6:31:40 AM
This answer has been confirmed as correct and helpful.
A good real-world example of monopolistic competition is grocery stores. Time Warner Cable. gas stations. lawyers.
Weegy: B. gas stations GIVE ME GOOD RATING PLEASE User: Other things equal, a decrease in the real interest rate will shift the investment demand curve to the left. move the economy upward along its existing investment demand curve. move the economy downward along its existing investment demand curve. shift the investment demand curve to the right. (More)
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Updated 116 days ago|6/27/2020 6:35:17 AM
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Other things equal, a decrease in the real interest rate will: move the economy downward along its existing investment demand curve.
Added 116 days ago|6/27/2020 6:35:17 AM
This answer has been confirmed as correct and helpful.
oligopoly
Weegy: An oligopoly is a market form in which a market or industry is dominated by a small number of sellers (oligopolists). User: monopolistic competition Weegy: Monopolistic competition is a type of imperfect competition such that many producers sell products that are differentiated from one another (e.g. by branding or quality) and hence are not perfect substitutes. User: Price is constant or given to the individual firm selling in a purely competitive market because : the firm's demand curve is downward sloping. there are no good substitutes for its product. each seller supplies a negligible fraction of total supply. of product differentiation reinforced by extensive advertising. (More)
Question
Updated 3/25/2016 10:35:48 PM
1 Answer/Comment
Price is constant or given to the individual firm selling in a purely competitive market because each seller supplies a negligible fraction of total supply.
Added 3/25/2016 10:35:48 PM
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pure competition
Weegy: Pure Competition is a market situation where there is a large number of independent sellers offering identical products. User: pure monopoly (More)
Question
Updated 3/25/2016 10:36:56 PM
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A pure monopoly is a market structure where one company is the single source for a product and there are no close substitutes for the product available.
Added 3/25/2016 10:36:56 PM
This answer has been confirmed as correct and helpful.
Other things equal, a decrease in the real interest rate will shift the investment demand curve to the left. move the economy upward along its existing investment demand curve. move the economy downward along its existing investment demand curve. shift the investment demand curve to the right.
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Updated 3/25/2016 10:32:13 PM
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Other things equal, a decrease in the real interest rate will : expand investment and shift the AD curve to the right.
Added 3/25/2016 10:32:13 PM
This answer has been confirmed as correct and helpful.
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