Monopolistic competition is marked by many sellers who sell similar products but have found ways to distinguish among them
Indicate whether the statement is true or false.
Answer: TRUE
Explanation: Differentiation among sellers and products may be slight, such as delivery time, store location, or advertising.
You might also like to view...
An outline helps you with all of the following EXCEPT
a. organizing your ideas. b. clarifying your ideas. c. assessing the relationships among your ideas. d. developing the visual aids for your speech.
What is the term for damages designed to reprimand the employer when they intentionally inflicted harm on employees or applicants?
A. Punitive B. Compensatory C. Deliberate D. Perfunctory E. None of the above
According to the characterizations of employee responses, voluntary departure is classified as ________.
A. voice B. loyalty C. neglect D. exit
In assessing possible new customers, a distributor desires that a new customer have a customer lifetime value of at least $10,000. Assuming an 8% discount rate, average annual sales of $65,000, and a customer expected lifetime of 10 years, what is the minimum profit margin needed to assure a lifetime value of at least $10,000?
a. 10% b. 11% c. 12% d. 13%