--%>

Monopolistic competition

In which market type, there is a requirement for selling or advertising costs?

Answer: Beneath monopolistic competition, there is a requirement of selling costs since the firms generate various brands of product.

   Related Questions in Microeconomics

  • Q : Example of a vertical merger An example

    An example of the vertical merger would be: (i) Merging the Oscar Myer hot dog Company with Wrangler Jeans Company and Aquafina Water Company. (ii) The log cabin architecture firm merging with the logging company and construction company. (iii) Merger between Wachovia

  • Q : Tourism effects How tourism effects in

    How tourism effects in an upcoming industry?

  • Q : Price of a Long-Term Bond When the

    When the interest rate falls, in that case the price of a long-term bond: (w) falls faster than a perpetuity bond. (x) rises. (y) does not change. (z) falls relatively less than a short term bond. I need a good ans

  • Q : Discretionary fiscal policy Choose the

    Choose the right answer from following. Discretionary fiscal policy refers to: A) any change in government spending or taxes that destabilizes the economy. B) the authority that the President has to change personal income tax rates. C) changes in taxes and government

  • Q : Zero or negative marginal utility of a

    Whenever the marginal utility of a good becomes negative or zero: (i) Goods are transformed to the bads. (ii) Net utility reaches the maximum and then declines. (iii) The maximum total advantages have been squeezed from good. (iv) People are unwilling

  • Q : Buyers and sellers as in price-takers

    Price-takers comprise buyers or sellers who are not capable to: (w) resist monopolistic exploitation. (x) influence the prevailing market price. (y) adjust the amounts they buy or sell. (z) make short-run economic profits.

    Q : Analytic Time-Technological Long Run

    The chronological time needed for the technology to respond to modifications in profit opportunities (that is, the technological long run, also termed as super long run or temporal long run) is: (1) Longer than analytical long run for firm. (2) Shorter than market per

  • Q : Labor Unions and Aggregate Wage Income

    Can someone help me in finding out the right answer from the given options. The least likely outcome when unions succeed in increasing their member’s wages is that: (i) Wages in non-union sectors will drop. (ii) Employment will grow in the non-union sectors. (ii

  • Q : Market form-product distinguishing In

    In which market form, the products are distinguished. Answer: In Monopolistic competition

  • Q : Change in the price of a resource A

    A change in the price of a resource will cause a modification in the: (w) demand for the resource. (x) supply of the resource. (y) quantity demanded of the resource. (z) demand for the good the resource produces. H