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Posted: April 10th, 2022

Similarity between competition and monopolistic competition

Issues-

1. Worth is the same as common complete value if the agency:

A. isn’t in productive equilibrium.

B. is incomes a standard charge of revenue.

C. is incomes zero income.

D. wants to chop prices within the quick run.

Use the next information

Labor Amount
1 9
2 20
three 33
four 40

2. The primary similarity between competition and monopolistic competition is that:

A. competition has many sellers promoting a product, whereas monopolistic competition has one agency promoting many merchandise.

B. each make no financial revenue in the long term.

C. a aggressive market has many patrons, whereas monopolistic competition has just one purchaser.

D. each produce standardized merchandise.

Extra Data-

These a number of alternative issues belong to Economics. The primary drawback discusses about worth and complete value being equal and the second drawback is in regards to the similarity between competition and monopolistic competition.

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