Question and answer
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.
Question
Asked 3/25/2016 3:41:20 PM
Updated 3/25/2016 10:37:35 PM
1 Answer/Comment
f
Get an answer
New answers
Rating
8
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
This answer has been confirmed as correct and helpful.
Comments

There are no comments.

Add an answer or comment
Log in or sign up first.
Questions asked by the same visitor
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 6/27/2020 6:31:40 AM
1 Answer/Comment
If the wage rate increases: a purely competitive and an imperfectly competitive producer will both hire less labor.
Added 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)
Question
Not Answered
Updated 6/27/2020 6:35:17 AM
1 Answer/Comment
Other things equal, a decrease in the real interest rate will: move the economy downward along its existing investment demand curve.
Added 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
This answer has been confirmed as correct and helpful.
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
1 Answer/Comment
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.
Question
Not Answered
Updated 3/25/2016 10:32:13 PM
1 Answer/Comment
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.
39,227,250
questions answered
GET
Answers.
GET THE APP.
weegy*
*
Get answers from Weegy and a team of really smart live experts.
Popular Conversations
Which ICS function is responsible for documentation of mutual aid ...
Weegy: The Incident Command System (ICS) is a standardized management tool for meeting the demands of small or large ...
6/5/2024 9:15:17 AM| 4 Answers
1 Who is the founder of the modern concept of marginal analysis?
Weegy: Marginal analysis - An examination of the additional benefits of an activity compared to the additional costs of ...
6/5/2024 12:24:47 PM| 4 Answers
6. What type of journal entry is used to record a sale on credit? A) ...
Weegy: The asset account Accounts Receivable is increased with a DEBIT. User: 7. Who is responsible for ensuring ...
6/6/2024 8:51:47 AM| 4 Answers
What was a muckraker?
Weegy: Muckrakers were investigative reporters and writers during the Progressive Era (1890 1920) who wrote about ...
6/7/2024 9:42:29 PM| 4 Answers
Which of the following organizations provides the cpc credentials
Weegy: Certified Professional Coder certification is standard for medical coding in physician office settings. User: ...
6/9/2024 3:44:54 AM| 4 Answers
which of the following is the smallest value
Weegy: Vatican City, officially called The Holy See, is the smallest country in the world and is located within a ...
6/13/2024 11:35:50 AM| 4 Answers
GET
Answers.
GET THE APP.
weegy*
*
Get answers from Weegy and a team of really smart live experts.
S
L
Points 271 [Total 287] Ratings 1 Comments 261 Invitations 0 Offline
S
Points 52 [Total 52] Ratings 0 Comments 52 Invitations 0 Offline
S
L
R
Points 29 [Total 4000] Ratings 0 Comments 29 Invitations 0 Offline
S
L
1
1
1
1
Points 10 [Total 2356] Ratings 1 Comments 0 Invitations 0 Offline
S
L
C
1
Points 10 [Total 2862] Ratings 0 Comments 0 Invitations 1 Offline
S
Points 9 [Total 9] Ratings 0 Comments 9 Invitations 0 Offline
S
L
Points 9 [Total 1589] Ratings 0 Comments 9 Invitations 0 Offline
S
L
L
1
P
1
L
P
P
Points 4 [Total 14553] Ratings 0 Comments 4 Invitations 0 Offline
S
Points 2 [Total 2] Ratings 0 Comments 2 Invitations 0 Offline
S
Points 2 [Total 52] Ratings 0 Comments 2 Invitations 0 Offline
* Excludes moderators and previous
winners (Include)
Home | Contact | Blog | About | Terms | Privacy | © Purple Inc.